Office Properties Income Trust in its secured credit facilities

On January 29, 2024, Office Properties Income Trust entered into a $425 million amended and restated credit facility, consisting of a $325 million revolving credit facility and $100 million of term loans, with OPI and certain other subsidiaries as guarantors, a subsidiary of OPI, as the borrower, certain lenders party thereto and Wells Fargo Bank, N.A., as agent.  The facilities are secured by 19 office properties with a gross carrying value of $942 million, and replace OPI’s previous $750 million unsecured revolving credit facility that was scheduled to mature on January 31.  Wachtell, Lipton, Rosen & Katz is serving as legal advisor to OPI.