debt
confidence high
sentiment neutral
materiality 0.65
OPI files prospectus for resale of 5.7M shares issued in debt exchange for $340M notes
OFFICE PROPERTIES INCOME TRUST
- Exchange offer: up to $340M of 2025 senior unsecured notes swapped for $445M of 3.250% secured notes due 2027, 11.5M common shares, and cash.
- Prospectus supplement registers 5,700,900 common shares for resale by selling shareholders from the November 24 exchange agreement.
- Duane Morris LLP legal opinion on share validity filed as Exhibit 5.1.