OPI enters support agreement for $432M exchange offer; extends expiration to June 17

OFFICE PROPERTIES INCOME TRUST

Support agreement with noteholders to tender ~$432M of existing notes; OPI to issue 1.43M common shares and new 9% secured notes.
Exchange offers extended to June 17, 2024; new 9.000% Senior Secured Notes due 2029, up to $610M aggregate principal.
As of June 7, prior to support agreement, tenders received for $413.7M of existing notes from eligible holders.
New notes and guarantees not registered under Securities Act; subject to transfer restrictions.

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