NASDAQ:OPI

Office Properties Income Trust Announces Additional Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes

Retrieved on: 
Thursday, May 23, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Information, Expiration, ATTN:, Letter, Sale, Regulation, OPI, Note, Update, Circular reference, Settlement date, Disclosure, Security (finance)

Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Second Amended Exchange Offers.

Key Points: 
  • Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Second Amended Exchange Offers.
  • Holders of Existing Notes who wish to receive a copy of the eligibility letters for the Second Amended Exchange Offers may contact the Information and Exchange Agent, at D.F.
  • Requests for the Amended Exchange Offer materials from Eligible Holders may be directed to the Information and Exchange Agent at D.F.
  • The Existing Notes that are not exchanged will continue to be outstanding in accordance with all other terms of the Existing Notes and the indentures governing such Existing Notes.

Office Properties Income Trust Announces Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes

Retrieved on: 
Monday, May 20, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Information, Expiration, ATTN:, Letter, Sale, Regulation, OPI, Note, Circular reference, Settlement date, Security (finance)

Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Amended Exchange Offers.

Key Points: 
  • Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Amended Exchange Offers.
  • Holders of Existing Notes who wish to receive a copy of the eligibility letters for the Amended Exchange Offers may contact the Information and Exchange Agent, at D.F.
  • Requests for the Amended Exchange Offer materials from Eligible Holders may be directed to the Information and Exchange Agent at D.F.
  • The Existing Notes that are not exchanged will continue to be outstanding in accordance with all other terms of the Existing Notes and the indentures governing such Existing Notes.

Office Properties Income Trust Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Multimedia, OPI

Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx .

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx .
  • View the full release here: https://www.businesswire.com/news/home/20240501530330/en/
    A conference call discussing OPI's first quarter results will be held on Thursday, May 2, 2024 at 10:00 a.m. Eastern Time.
  • A replay will be available for one week by dialing (412) 317-0088; the replay pass code is 4668950.
  • A live audio webcast of the conference call will also be available in a listen only mode on OPI’s website, at www.opireit.com .

Office Properties Income Trust Announces Private Exchange Offers Relating to Existing Unsecured Senior Notes

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Sale, Exchange offer, OPI, Settlement date, Depreciation, Security (finance), Exchange, Expiration, Circular reference, Information, Regulation, Letter, GAAP, ATTN:, Note

An Eligible Holder (as defined below) must tender all of its Existing 2025 Notes in the Exchange Offers in order to participate in the Exchange Offers.

Key Points: 
  • An Eligible Holder (as defined below) must tender all of its Existing 2025 Notes in the Exchange Offers in order to participate in the Exchange Offers.
  • An Eligible Holder may withdraw Existing 2025 Notes from an Exchange Offer only if it validly withdraws all its Existing 2025 Notes from such Exchange Offer and also validly withdraws its tender of all other Existing Notes from the applicable Exchange Offers.
  • Holders of Existing Notes who wish to receive a copy of the eligibility letters for the Exchange Offers may contact the information and exchange agent, D.F.
  • The Existing Notes that are not exchanged will continue to be outstanding in accordance with all other terms of the Existing Notes and the indentures governing such Existing Notes.

The RMR Group Announces Completion of Unison Elliott Bay Redevelopment

Retrieved on: 
Tuesday, April 30, 2024
Commercial Building & Real Estate, Construction & Property, REIT, LEED, Transport, Sound, EV, Unison, Senior, RMR, Gold, Multimedia, Myrtle Edwards, Management

The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three building mixed-use campus with 300,000 square feet of Life Science lab, R&D and Class A office space located at 351, 401 and 501 Elliott Avenue West in Seattle, WA.

Key Points: 
  • The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three building mixed-use campus with 300,000 square feet of Life Science lab, R&D and Class A office space located at 351, 401 and 501 Elliott Avenue West in Seattle, WA.
  • View the full release here: https://www.businesswire.com/news/home/20240429448226/en/
    Unison seamlessly integrates energy-efficient systems and green features to enhance the well-being of its occupants.
  • The biotech company has moved its Seattle operations to Unison and plans to expand headcount and hire an additional 100 employees.
  • Sonoma Biotherapeutics’ lease at Unison exemplifies the exceptional quality of this redevelopment and I am very proud of our team for delivering this project."

Office Properties Income Trust Announces Quarterly Dividend on Common Shares

Retrieved on: 
Thursday, April 11, 2024
Commercial Building & Real Estate, Construction & Property, REIT

Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares to $0.01 per common share ($0.04 per share per year).

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares to $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 April 22, 2024 and distributed on or about May 16, 2024.

Office Properties Income Trust First Quarter 2024 Conference Call Scheduled for Thursday, May 2nd

Retrieved on: 
Wednesday, April 3, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Webcast

Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Wednesday, May 1, 2024.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Wednesday, May 1, 2024.
  • A replay of the conference call will be available through 11:59 p.m. on Thursday, May 9, 2024.
  • A live audio webcast of the conference call will also be available in a listen-only mode on the company’s website, which is located at www.opireit.com .
  • The archived webcast will be available for replay on the company’s website after the call.

Office Properties Income Trust Earns 2024 ENERGY STAR® Partner of the Year Award for the Seventh Consecutive Year

Retrieved on: 
Wednesday, March 27, 2024
Commercial Building & Real Estate, Construction & Property, Sustainability, Environment, Asset Management, Climate Change, Professional Services, REIT, OPI, Carbon, RMR, Public, Climate change, Organization, Renewable energy

Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2024 ENERGY STAR® Partner of the Year Award for the seventh consecutive year.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2024 ENERGY STAR® Partner of the Year Award for the seventh consecutive year.
  • OPI was also recognized as an ENERGY STAR® Partner of the Year Sustained Excellence honoree for the fifth consecutive year.
  • Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements.
  • RMR received the 2024 ENERGY STAR Partner of the Year Award for the sixth consecutive year.

Office Properties Income Trust Announces Fourth Quarter 2023 Results

Retrieved on: 
Thursday, February 15, 2024
Commercial Building & Real Estate, Construction & Property, REIT, OPI, Multimedia

Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx .

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx .
  • View the full release here: https://www.businesswire.com/news/home/20240215043639/en/
    A conference call to discuss OPI's fourth quarter results will be held on Friday, February 16, 2024 at 10:00 a.m. Eastern Time.
  • A replay will be available for one week by dialing (412) 317-0088; the replay pass code is 6978870.
  • A live audio webcast of the conference call will also be available in a listen only mode on OPI’s website, at www.opireit.com .

Office Properties Income Trust Closes $300 Million Offering of Senior Secured Notes Due 2029

Retrieved on: 
Monday, February 12, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Regulation, Person, Note, BMO Capital Markets, Sale, OPI, BofA Securities, UBS, Citigroup, Security (finance)

Office Properties Income Trust (Nasdaq: OPI) today announced that it has consummated the offering of $300 million aggregate principal amount of 9.000% senior secured notes due 2029.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has consummated the offering of $300 million aggregate principal amount of 9.000% senior secured notes due 2029.
  • The notes are guaranteed by certain of OPI’s subsidiaries and secured by first-priority liens on 17 office properties with a gross carrying value of approximately $574 million and a pledge of the equity interests of the subsidiary guarantors.
  • The net proceeds from this transaction, after initial purchaser discounts and offering costs, are approximately $272 million and will be used, together with borrowings under OPI's secured revolving credit facility, to redeem OPI's 4.250% Senior Unsecured Notes due 2024 (the "2024 Notes").
  • 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.