Office Properties Income Trust Prices $300 Million of Senior Secured Notes Due 2029
Announces Notice of Redemption of
OPI also announced that it will be providing a notice of early redemption for the 2024 Notes at a redemption price equal to the principal amount of
The new notes have not and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release also does not constitute a notice of redemption with respect to the redemption of OPI’s 4.250% Senior Unsecured Notes due 2024.
About
OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These statements include statements about the expected settlement date of the offering of the new notes, the use of proceeds therefrom and a future draw on OPI's secured revolving credit facility to fund the redemption of the 4.250% Senior Unsecured Notes due 2024. These forward-looking statements are based upon OPI’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond OPI’s control. The settlement of the senior secured notes offering is subject to various customary conditions and contingencies. If these conditions are not satisfied or the specified contingencies do not occur, the offering may not close. Further, OPI’s current intentions with respect to the use of the net proceeds from the offering and borrowings under its secured revolving credit facility to redeem OPI’s outstanding 4.250% Senior Unsecured Notes due 2024 is dependent on the closing of the offering and the availability of borrowings under OPI’s secured revolving credit facility and may not occur.
The information contained in OPI’s filings with the
You should not place undue reliance upon forward-looking statements.
Except as required by law, OPI does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
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No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
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