Office Properties Income Trust Closes Private Exchange Relating to 2025 Debt Maturities [Yahoo! Finance]
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: Yahoo! Finance
previously announced private exchange of a portion of its 4.50% senior unsecured notes due 2025 (the "2025 Notes") for: (i) approximately $445 million of new 3.25% senior secured notes due 2027 (the "2027 Notes"), (ii) cash for accrued interest on the exchanged 2025 Notes up to but not including the closing date, (iii) approximately 11.5 million shares of OPI common stock, and (iv) premiums totaling $25.0 million. Following the exchange, which will directly or indirectly account for $340 million of 2025 Notes, OPI intends to repurchase, redeem or repay the remaining $113.1 million of outstanding 2025 Notes prior to the February 1, 2025 maturity date. The 2027 Notes require quarterly principal amortization of $6.5 million and a mandatory principal repayment of $125 million due by March 1, 2026, unless satisfied sooner with proceeds from certain asset sales. The 2027 Notes are secured by first-priority liens on 35 properties with a Gross Book Value of approximately $1.3 billion and se
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News
- Office Rebound Expected in 2025 While Other Real Estate Stocks to See Trouble [Yahoo! Finance]Yahoo! Finance
- Office Properties Income Trust Closes Private Exchange Relating to 2025 Debt MaturitiesBusiness Wire
- Office Properties Income Trust Announces Entry into Private Exchange Agreement with Certain Noteholders to Address 2025 Debt MaturitiesBusiness Wire
- Office Properties Income Trust Announces Third Quarter 2024 ResultsBusiness Wire
- Office Properties Income Trust declares $0.01 dividend [Seeking Alpha]Seeking Alpha
OPI
Earnings
- 10/30/24 - Miss
OPI
Sec Filings
- 12/18/24 - Form SCHEDULE
- 12/17/24 - Form SC
- 12/17/24 - Form 8-K
- OPI's page on the SEC website