Seeking To Stave Off Bankruptcy, Office Properties Income Trust Gets Lifeline On $340M In Debt
Office Properties Income Trust has reached a deal to refinance $340M in loans coming due in 2025 amid what the REIT described as market headwinds.
Office Properties Income Trust
Real Estate · Massachusetts, United States · <25 Employees
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About
Headquarters
Two Newton Place 255 Washington St Ste 300, New...Phone Number
(617) 219-1440Website
www.opireit.comRevenue
$530.3 MillionStock Symbol
OPIIndustry
Most Recent Scoops
Oct 1 2023
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Sep 26 2023
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Who is Office Properties Income Trust
Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities.Read more
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Office Properties Income Trust Email Formats
Office Properties Income Trust uses at least 1 email format with first initials + last (ex. JSmith@opireit.com) being used 100% of the time
| Office Properties Income Trust Email Formats | Percentage | |
|---|---|---|
| first initials + last | JSmith@opireit.com | 100% |
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Most Recent Scoops
Oct 1 2023
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Oct 1 2023
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Sep 26 2023
New Hire
Sep 26 2023
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Sep 1 2023
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Executive Move
Office Properties Income Trust has announced that Matthew Brown, Chief Financial Officer & Treasurer, has left the organization to join Diversified Healthcare Trust as Chief Financial Officer & Treasurer.
Office Properties Income Trust News & Media
Office Properties Income Trust Restructures $340M Debt with New Secured Notes, Stock Deal
OPI announces major debt restructuring, exchanging $340M of 2025 notes for $445M in secured 2027 notes at 3.25% interest, plus 11.5M shares of common stock.Office Properties Income Trust Announces Entry into Private Exchange Agreement with Certain Noteholders to Address 2025 Debt Maturities
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) announced it has entered into an exchange agreement (“Exchange Agreement”) providing for a private exchange (the “Exchange”) with certain members of an ad hoc group of noteholders holding a significant amount of OPI’s $453.6 million outstanding senior unsecured notes due 2025 (the “2025 Notes”) to refinance up to $340 million of the 2025 Notes. OPI intends to repurchase, redeem or repay the remaining $113.6 milOffice Properties Income Trust Announces Third Quarter 2024 Results
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call discussing OPI's third quarter results will be held on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 328-1172 or (412) 3Office Properties Income Trust Announces Quarterly Dividend on Common Shares
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024. About Office Properties Income Trust OPI is a national REIT focused on owning and leasing office properties
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Frequently Asked Questions Regarding Office Properties Income Trust
Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities.... Read More
