Office Properties Income Trust (OPI) announced an extension of the Early Delivery Time and Withdrawal Deadline for its previously announced private exchange offers. These offers relate to the outstanding senior unsecured notes due 2026, 2027, and 2031. The new Early Delivery Time and Withdrawal Deadline is now 5:00 p.m., New York City time, on March 3, 2025.
The extension provides noteholders with additional time to participate in the exchange for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030. This adjustment reflects the ongoing efforts to facilitate participation and successfully restructure a portion of OPI's debt.
All other terms and conditions of the exchange offers, as set forth in the Offering Memorandum, remain unchanged. The company continues to seek to manage its debt maturity profile through these private exchanges.
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