Office Properties Income Trust prices $425 million senior secured note offering due 2031 at 8.75% - OPI News | RalliesOffice Properties Income Trust prices $425 million senior secured note offering due 2031 at 8.75%
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OPI• Notes offering priced to refinance debt
- Office Properties Income Trust priced a $425 million offering of 8.75% senior secured notes due 2031.
- Proceeds, with cash on hand, are earmarked to repay borrowings under its secured revolving credit facility and secured term loan.
- The offering is expected to settle Sept. 24, 2026, subject to customary closing conditions.
- The notes are secured by first-priority liens on 19 office properties, backed by equity pledges of subsidiary guarantors.
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