Office Properties Income Trust in an exchange agreement with certain noteholders to exchange up to $340.0 million of its Senior Notes due 2025 for up to $445.0 million of new Senior Secured Notes due 2027 and 11.5 million shares of common stock

On November 24, 2024, Office Properties Income Trust entered into an exchange agreement with certain noteholders to exchange up to $340.0 million of its Senior Notes due 2025 for up to $445.0 million of new Senior Secured Notes due 2027 and 11.5 million shares of common stock, plus certain premiums.  Pursuant to the exchange agreement, certain of the noteholders have agreed to purchase for cash any exchange consideration to the extent that the maximum $340.0 million of Senior Notes due 2025 is not exchanged.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to OPI.