---
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"
generated_at: "2026-06-06T14:53:08.513692+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# OPI enters $325M secured revolver and $100M term loan, replacing $750M unsecured facility

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-007865
- form_type: 8-K
- cik: 0001456772
- company_name: OFFICE PROPERTIES INCOME TRUST
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-007865
- JSON: https://secwatch.observer/filing/0001104659-24-007865.json
- Plain text: https://secwatch.observer/filing/0001104659-24-007865.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $325.0 million secured revolving credit facility and a $100.0 million secured term loan
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: SOFR plus a margin of 3.50%
  - Maturity: January 29, 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465924007865/0001104659-24-007865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.