debt
confidence high
sentiment neutral
materiality 0.50
OPI prices $425M of 8.75% senior secured notes due 2031
OFFICE PROPERTIES INCOME TRUST
- Priced $425M aggregate principal of 8.75% senior secured notes due 2031 on Sept 10, 2026.
- Settlement expected Sept 24, 2026; secured by first-priority liens on 19 office properties and equity pledge.
- Net proceeds, with cash on hand, to repay all outstanding borrowings under secured revolving credit facility and secured term loan.
- Notes sold via Rule 144A/Reg S; not registered under Securities Act.
- As of June 30, 2026: 62% investment-grade tenants, 122 properties, 17.1M sq ft; managed by RMR.