OPI issues $567M 9% secured notes due 2029 via exchange of $865M unsecured notes

OFFICE PROPERTIES INCOME TRUST

Exchanged $865.2M of existing 2025–2031 unsecured notes for $567.4M of new 9% senior secured notes due Sept 30, 2029.
Interest 9% semi-annual; new notes secured by first-priority liens on 19 properties and second-priority on 19 others.
Also issued 1,429,179 common shares to certain holders under the Support Agreement.
Exchange offers expired June 17, settled June 20; reduces near-term debt maturities but increases secured leverage.

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