Office Properties Income Trust

NASDAQ:OPIUnited States

Office Properties Income Trust (Nasdaq: OPI) ("OPI") today announced the final results for the previously announced private exchange offers (as amended, the "Exchange Offers") to exchange its outstanding senior unsecured notes due 2025 (the "Existing 2025 Notes"), 2026 (the "Existing 2026 Notes"), 2027 (the "Existing 2027 Notes") and 2031 (the "Existing 2031 Notes", and together with the Existing 2025 Notes, Existing 2026 Notes and the Existing 2027 Notes, the "Existing Notes") for new 9.000% Senior Secured Notes due 2029 (the "New Notes") and related guarantees pursuant to the terms and conditions set forth in an Offering Memorandum, dated as of May 1, 2024 (the "Offering Memorandum"), as amended by OPI's press releases dated May 20, 2024, May 23, 2024 and June 10, 2024.

Office Properties Income Trust (Nasdaq: OPI) ("OPI") today announced that it has entered into a Support Agreement, dated June 10, 2024 (the "Support Agreement"), with certain holders (together, the "Supporting Noteholders") of its Existing Notes (as defined below) with respect to its previously announced private exchange offers (as extended as set forth in this press release, the "Amended Exchange Offers") to exchange its outstanding senior unsecured notes due 2025 (the "Existing 2025 Notes"), 2026 (the "Existing 2026 Notes"), 2027 (the "Existing 2027 Notes") and 2031 (the "Existing 2031 Notes", and together with the Existing 2025 Notes, Existing 2026 Notes and the Existing 2027 Notes, the "Existing Notes") for new 9.000% Senior Secured Notes due 2029 (the "New Notes") and related guarantees pursuant to the terms and conditions set forth in an Offering Memorandum, dated as of May 1, 2024, as amended by this press release and as previously amended by OPI's press releases dated May 20, 2024 and May 23, 2024 (collectively, the "Offering Memorandum"). OPI also announced the extension of the expiration date of the Amended Exchange Offers. Except as described in this press release, all terms and conditions in the Offering Memorandum as previously amended remain unchanged.