Financing ·
Office Properties Income Trust priced $425 million in aggregate principal amount of 8.75% Senior Secured Notes due…
OPIOffice Properties Income Trust
Office Properties Income Trust priced $425 million in aggregate principal amount of 8.75% Senior Secured Notes due 2031 on September 10, 2026. The notes are guaranteed by certain subsidiaries and secured by first-priority liens on 19 office properties. Settlement is expected on September 24, 2026, subject to customary closing conditions. The company intends to use the net proceeds, along with cash on hand, to repay all outstanding borrowings under its secured revolving credit facility and secured term loan. Office Properties Income Trust operates as a national real estate investment trust focused on owning and leasing office properties.