Business Wire·Sep 10, 2026, 5:00 PM ET

Office Properties Income Trust Prices $425 Million of 8.75% Senior Secured Notes Due 2031

Office Properties Income Trust (OPI) priced an offering of $425 million in 8.75% senior secured notes due in 2031.
The notes are guaranteed by certain subsidiaries & secured by first-priority liens on 19 office properties plus a pledge of subsidiary equity interests.
Settlement is expected on September 24, 2026, subject to customary closing conditions.
Net proceeds will be used to repay all outstanding borrowings under OPI's secured revolving credit facility & secured term loan.
The notes are unregistered under the Securities Act of 1933 & sold only to qualified institutional buyers under Rule 144A & non-U.S. persons under Regulation S.
OPI is a national REIT owning 122 properties totaling 17.1 million square feet across 29 states & Washington, D.C. as of June 30, 2026.
Approximately 62% of OPI's revenues as of June 30, 2026, came from investment-grade rated tenants.
OPI is managed by The RMR Group (NASDAQ: RMR) & headquartered in Newton, MA.
Forward-looking statements regarding the closing date & use of proceeds are subject to conditions & may not occur.