secwatch.observer — SEC 8-K summary
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Issuer:     OFFICE PROPERTIES INCOME TRUST (OPIRQ)
CIK:        0001456772
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001104659-24-063207
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPI amends exchange offer for $610M of 9% secured notes; waives min tender conditions, extends deadline to June 4
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- Maximum aggregate principal amount of new 9% Senior Secured Notes due 2029 is $610 million.
- OPI waived minimum tender conditions and extended expiration to 5:00 p.m. NY time on June 4, 2024.
- Updated exchange consideration per $1,000: Existing 2031: $515, 2027: $610, 2026: $720, 2025: $938.
- As of May 17, $399M in aggregate principal amount of Existing Notes tendered from all four series.
- Condition requiring at least $97.5M of 2025 notes tendered was waived.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000110465924063207/0001104659-24-063207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000110465924063207/tm2414923d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-063207

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer