debt
confidence high
sentiment neutral
materiality 0.50
OPI issues $42.6M of new 9% senior secured notes due 2029 in exchange for unsecured notes
OFFICE PROPERTIES INCOME TRUST
- Issued $42,570,000 aggregate principal amount of 9.000% senior secured notes due 2029.
- Notes issued via private exchanges with certain investors for the company's unsecured notes.
- New notes rank pari passu with existing $567M 9% senior secured notes due 2029 issued June 2024.
- Private placements exempt under Section 4(a)(2) or Regulation S; notes unregistered.
- Indenture terms substantially similar to existing indenture dated June 20, 2024.