What changed
Office Properties Income Trust priced $425 million aggregate principal amount of 8.75% senior secured notes due 2031. The notes are guaranteed by certain subsidiaries and secured by first-priority liens on 19 office properties plus a pledge of subsidiary guarantor equity interests. Settlement is expected September 24, 2026. OPI expects to use net proceeds, together with cash on hand, to repay all outstanding borrowings under its secured revolving credit facility and secured term loan.