Office Properties Income Trust Price $ 400 million of 3.450% senior notes due 2031


NEWTON, Massachusetts, September 21, 2021– (BUSINESS WIRE) – Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced a $ 400 million subscribed public offering of 3.450% senior bonds due 2031 ( the obligations “). Settlement of this offer is expected to occur on September 28, 2021, subject to customary closing conditions. OPI expects to use the net proceeds of this offering for general business purposes, which may include the repayment of amounts overdue under its revolving credit facility.

The co-book managers for this offering are BofA Securities, Inc., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC and RBC Capital Markets, LLC. The principal co-managers of this offer are BMO Capital Markets Corp., Regions Securities LLC, SMBC Nikko Securities America, Inc., Truist Securities, Inc. and US Bancorp Investments, Inc. The co-managers of this offer are Samuel A. Ramirez & Company, Inc., Barclays Capital Inc., FHN Financial Securities Corp., Morgan Stanley & Co. LLC and UBS Securities LLC.

This offering is made pursuant to a prior registration statement and prospectus and a related preliminary prospectus supplement filed by OPI with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of such securities in any state or jurisdiction in which the offer, solicitation or the sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction. Copies of the prospectus supplement relating to this offering and the related prospectus can be obtained by contacting the offices of: BofA Securities, Inc. toll-free at 1-800-294-1322 or Wells Fargo Securities, LLC toll-free at 1-800 -645-3751.

Office Properties Income Trust is a real estate investment trust, or REIT, which focuses on the ownership, operation and rental of properties primarily leased to single tenants and to individuals with high credit quality characteristics, such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company headquartered in Newton, Massachusetts.

Warning Regarding Forward-Looking Statements

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. In addition, whenever the OPI uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, ” power ”and expressions that are negative or derivative of such expressions or similar expressions, the OPI makes forward-looking statements. These forward-looking statements are based on OPI’s current intention, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained or implied by OPI’s forward-looking statements due to various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond OPI’s control. For example:

  • This press release indicates that the closing of the offer of notes is expected to occur on September 28, 2021. Closing of this offer is subject to various conditions and contingencies as is customary in underwriting agreements in the United States. . If these conditions are not met or if the specified contingencies do not occur, this offer may not be closed.

  • OPI’s current intention is to use the proceeds of the Note offering for general business purposes, which may include the repayment of amounts outstanding under its revolving credit facility. Receipt and use of product is dependent on this offer closing and may not take place.

Information contained in, or incorporated into, documents filed by OPI with the SEC, including under the heading “Risk Factors” in OPI’s periodic reports, identifies other material factors that could cause OPI’s actual results differ materially from those indicated or implied by OPI’s forward-looking statements. . The documents filed by OPI with the SEC are available on the SEC’s website at

You should not place undue reliance on 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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Kevin Barry, Director, Investor Relations
(617) 219-1410


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