debt
confidence high
sentiment neutral
materiality 0.45
OPI issues 2.55M shares in exchange for $6.8M of 2025 senior notes
OFFICE PROPERTIES INCOME TRUST
- Issued 2,554,489 common shares for $6,800,000 of 4.500% Senior Notes due 2025.
- Average implied value per share: $2.19, based on principal plus $16,225 accrued interest.
- Private exchanges occurred between August 1 and September 16, 2024.
- Total common shares outstanding after transaction: 53,344,617.
- Exchange was exempt under Section 3(a)(9) of the Securities Act; no commissions paid.