---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-055753"
form_type: "8-K"
ticker: "OPIRQ"
cik: "0001456772"
company_name: "OFFICE PROPERTIES INCOME TRUST"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:40:38.881266+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OPI offers exchange of up to $610M existing notes for new 9% secured notes due 2029

## Summary
- Exchange offers cover 4 series of unsecured notes due 2025/2026/2027/2031 for up to $610M of new 9.000% senior secured notes due 2029.
- New notes secured by first-priority liens on 19 properties ($722M Adjusted Total Assets) and second-priority on 19 more ($1.0B).
- Conditions: at least $97.5M of 2025 notes tendered and $488M of new notes issued; offers expire May 30, 2024 (early delivery May 14).
- Early consideration per $1,000: 2025 notes $938, 2031 notes $515, 2027 notes $610, 2026 notes $720; late consideration ~$20 less each.
- New notes unregistered and restricted to QIBs and non-US persons; no registration rights provided.

## SEC filing metadata
- accession: 0001104659-24-055753
- form_type: 8-K
- ticker: OPIRQ
- cik: 0001456772
- company_name: OFFICE PROPERTIES INCOME TRUST
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456772/000110465924055753/0001104659-24-055753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456772/000110465924055753/tm2413172d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-055753
- JSON: https://secwatch.observer/filing/0001104659-24-055753.json
- Plain text: https://secwatch.observer/filing/0001104659-24-055753.txt

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