{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-007865","form_type":"8-K","ticker":null,"cik":"0001456772","company_name":"OFFICE PROPERTIES INCOME TRUST","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.236845+00:00","generated_at":"2026-06-06T14:53:08.513692+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"OPI enters $325M secured revolver and $100M term loan, replacing $750M unsecured facility","bullets":["New $325M secured revolver and $100M secured term loan replace $750M unsecured facility maturing Jan 31, 2024; maturity Jan 29, 2027.","Borrowed $132M under revolver and full $100M term loan on closing; proceeds used to repay old facility, fees, and general purposes.","Interest rate is SOFR + 3.50%; facility secured by 19 properties with gross carrying value $941.9M.","Covenants limit dividend increases above current $0.01/share/quarter and restrict additional debt.","Change of control includes RMR Group LLC ceasing as business manager."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-007865","json":"https://secwatch.observer/filing/0001104659-24-007865.json","markdown":"https://secwatch.observer/filing/0001104659-24-007865.md","text":"https://secwatch.observer/filing/0001104659-24-007865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1456772/000110465924007865/0001104659-24-007865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1456772/000110465924007865/tm244328d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T14:53:08.513692+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"82a4c6386ed13dc88f85f326891d39f66ada81e5","claim":"OFFICE PROPERTIES INCOME TRUST incurred credit facility of $325.0 million secured revolving credit facility and a $100.0 million secured term loan with Wells Fargo Bank, National Association at SOFR plus a margin of 3.50% maturing January 29, 2027.","evidence_excerpt":"On January 29, 2024, we and certain of our subsidiaries entered into a second amended and restated credit agreement, or the Credit Agreement, with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders, governing a $325.0 million secured revolving credit facility and a $100.0 million secured term loan.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1456772/000110465924007865/0001104659-24-007865-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$325.0 million secured revolving credit facility and a $100.0 million secured term loan"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"SOFR plus a margin of 3.50%"},{"label":"Maturity","value":"January 29, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}