Seven Hills Realty Trust (SEVN) completed a fully backstopped transferable rights offering on December 10 2025, raising $65.2 million in gross proceeds. The offering, which began on November 10 and expired on December 4, attracted 5,517,113 shares—73.2% of the 7,532,861 shares offered—at a subscription price of $8.65 per share.
Tremont Realty Capital, SEVN’s manager and backstop provider, exercised its agreement to purchase an additional 2,015,748 shares for approximately $17.4 million, ensuring the offering was fully subscribed. Shares are scheduled to be delivered on December 11, and the rights trade under the symbol SEVNR.
The capital raised will be deployed to expand SEVN’s floating‑rate first‑mortgage loan portfolio and to seize attractive lending opportunities in the current market environment. The company has already invested $101.3 million in new loans in November 2025 and is strategically reducing exposure to the office sector while reallocating capital into more resilient asset classes.
Management emphasized that the proceeds will support disciplined, credit‑oriented investments and reinforce SEVN’s robust capital structure. By securing a full backstop and achieving a high subscription rate, the company demonstrates strong investor confidence in its growth strategy and its ability to capture risk‑adjusted opportunities.
The rights offering represents a significant capital‑raising milestone for SEVN, reinforcing its position to grow its loan book while maintaining a solid balance sheet and positioning the company for continued expansion in a favorable lending market.
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