OPI prices $425 million of 8.75% senior secured notes due 2031
Office Properties Income Trust priced a $425 million private offering of 8.75% senior secured notes due 2031, sold to qualified institutional buyers and non-U.S. persons. The company expects to use the net proceeds, with cash on hand, to repay all outstanding borrowings under its secured revolving credit facility and secured term loan. The notes are secured by first-priority liens on 19 office properties, so shareholders should note that these assets will back the new debt.
Key points
- Priced $425 million aggregate principal amount of 8.75% senior secured notes due 2031 on September 10, 2026
- Notes are guaranteed by certain subsidiaries and secured by first-priority liens on 19 office properties and a pledge of subsidiary guarantor equity
- Settlement expected September 24, 2026, subject to customary closing conditions
- Proceeds plus cash on hand to repay all borrowings under the secured revolving credit facility and secured term loan
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.