Office Properties Income Trust Announces Entry into Private Exchange Agreement with Certain Noteholders to Address 2025 Debt Maturities
Office Properties Income Trust - Common Shares of Beneficial Interest (OPI)
Last office properties income trust - common shares of beneficial interest earnings: 5/1 07:00 am
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Source: Business Wire
Private Exchange of $340 Million Expected to Close Before Year End NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) announced it has entered into an exchange agreement (“Exchange Agreement”) providing for a private exchange (the “Exchange”) with certain members of an ad hoc group of noteholders holding a significant amount of OPI’s $453.6 million outstanding senior unsecured notes due 2025 (the “2025 Notes”) to refinance up to $340 million of the 2025 Notes. OPI intends to repurchase, redeem or repay the remaining $113.6 million of outstanding senior unsecured notes due 2025 with cash in connection with the consummation of the Exchange. The Exchange is expected to close before year end 2024.Under the terms of the Exchange, noteholders party to the Exchange Agreement will exchange their 2025 Notes for: (i) a pro rata portion of $445 million new senior secured notes due 2027 (the “2027 Notes”), (ii) cash for accrued interest on the 2025 Notes up to
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OPI
News
- Office Properties Income Trust Announces Third Quarter 2024 ResultsBusiness Wire
- Office Properties Income Trust declares $0.01 dividend [Seeking Alpha]Seeking Alpha
- Office Properties Income Trust Announces Quarterly Dividend on Common SharesBusiness Wire
- Office Properties Income Trust (NASDAQ: OPI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Office Properties Income Trust Third Quarter 2024 Conference Call Scheduled for Thursday, October 31stBusiness Wire
OPI
Earnings
- 10/30/24 - Miss
OPI
Sec Filings
- 11/25/24 - Form 8-K
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- OPI's page on the SEC website