Office Properties Income Trust issues $425 million of 8.75% senior secured notes due 2031
Bitget2026/09/24 20:23- Office Properties Income Trust issued USD 425 million of 8.75% senior secured notes due 2031.
- Proceeds repaid all borrowings under its secured revolving credit facility and secured term loan, using net proceeds and cash on hand.
- Notes mature Oct. 1, 2031; interest payable semi-annually starting April 1, 2027.
- Debt is guaranteed by certain subsidiaries; secured by first-priority liens on 19 office properties and subsidiary equity interests.
- Liens rank ahead of its 10.000% senior secured notes due 2031 on the same collateral, subject to an intercreditor agreement.
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