debt
confidence high
sentiment neutral
materiality 0.50
OPI issues $14.4M of 8% senior notes due 2030, settles exchange offers for $21M of existing notes
OFFICE PROPERTIES INCOME TRUST
- Issued $14,439,000 aggregate principal of 8.000% senior priority guaranteed unsecured notes due 2030.
- Exchanged $20.99M of existing 2026, 2027, and 2031 notes for new notes; only 4.7%/3.1%/10.5% tendered.
- New notes mature January 31, 2030, interest payable semi-annually at 8.000%.
- Exchange offers expired March 10, 2025; settlement completed March 12, 2025.
- Original principal amounts: $140.5M (2026), $80.8M (2027), $114.4M (2031).