debt
confidence high
sentiment negative
materiality 0.85
Office Properties Income Trust misses $1.8M interest payment on 2031 Notes
OFFICE PROPERTIES INCOME TRUST
- Did not make required $1.8M interest payment on 3.450% Senior Notes due 2031 on Oct 15, 2025.
- Has 30-day grace period before non-payment constitutes an event of default under the indenture.
- Delivered notice to Wells Fargo under Credit Agreement regarding missed payment; also subject to 30-day grace.
- Company continues to work with advisors on restructuring efforts.