secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001193125-22-285837
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT enters at-the-market equity distribution agreement for up to $100M
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- Company may sell up to $100M of common stock through J.P. Morgan, Mizuho, Scotia, TD, and Wells Fargo as sales agents.
- Sales agents receive a commission up to 2.0% of gross sales price; forward sellers receive a reduced forward sale price.
- Company may also use forward sale agreements where forward purchasers borrow and sell shares to hedge exposure.
- Proceeds to be used for general corporate purposes, including potential acquisitions and repayment of credit facility debt.
- Offering made under effective shelf registration statement (333-268121) and prospectus supplement dated Nov 15, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000119312522285837/0001193125-22-285837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000119312522285837/d408249d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-285837

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