8-K
filed November 15, 2021, 6:59 PM ET
ticker ONL
CIK 0001873923
other material
confidence high
sentiment neutral
materiality 0.85
Orion Office REIT completes spin-off from Realty Income; begins trading Nov 15 under 'ONL'
Orion Properties Inc.
- Portfolio of 92 office properties totaling ~10.5M leasable square feet.
- Incurred $620M debt: $425M revolver, $175M term loan, $355M bridge loan; $595M distributed to Realty Income.
- New board and executive officers appointed: Paul McDowell CEO, Gavin Brandon CFO, Chris Day COO, Gary Landriau CIO.
- Arch Street partner received warrants to purchase up to 1.12M shares of ONL common stock.
- Common stock expected to commence trading on NYSE on November 15, 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gavin Brandon was appointed as Chief Financial Officer, Executive Vice President, Treasurer and Secretary at Orion Properties Inc..
- Action
- appointed
- Role
- Chief Financial Officer, Executive Vice President, Treasurer and Secretary
Exact text from the filing
• Gavin Brandon, as Chief Financial Officer, Executive Vice President, Treasurer and Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Landriau was appointed as Chief Investment Officer and Executive Vice President at Orion Properties Inc..
- Action
- appointed
- Role
- Chief Investment Officer and Executive Vice President
Exact text from the filing
• Gary Landriau, as Chief Investment Officer and Executive Vice President
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Reginald H. Gilyard was appointed as director at Orion Properties Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Reginald H. Gilyard was appointed as Non-Executive Chairman at Orion Properties Inc..
- Action
- appointed
- Role
- Non-Executive Chairman
Exact text from the filing
Mr. Gilyard has been appointed as the Non-Executive Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul H. McDowell was appointed as director at Orion Properties Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris Day was appointed as Chief Operating Officer and Executive Vice President at Orion Properties Inc..
- Action
- appointed
- Role
- Chief Operating Officer and Executive Vice President
Exact text from the filing
• Chris Day, as Chief Operating Officer and Executive Vice President
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathleen R. Allen was appointed as director at Orion Properties Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard Lieb was appointed as director at Orion Properties Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul H. McDowell was appointed as Chief Executive Officer and President at Orion Properties Inc..
- Action
- appointed
- Role
- Chief Executive Officer and President
Exact text from the filing
• Paul H. McDowell, as Chief Executive Officer and President
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gregory J. Whyte was appointed as director at Orion Properties Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board
View on SEC.gov
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