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Recent Updates — OPI

September 10, 2026View Source ↗

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.

June 23, 2026View Source ↗

Office Properties Income Trust emerged from Chapter 11 bankruptcy protection on June 17, 2026, following the implementation of its reorganization plan. The company issued $420 million in 10.0% senior secured notes due 2031 and $385 million in 8.375% senior secured notes due 2029. All previous common shares were cancelled and replaced with 21,953,577 shares of Reorganized Common Equity. The company also entered into new management agreements with The RMR Group LLC and amended its secured credit facility. Office Properties Income Trust is a real estate investment trust operating in the office properties sector.