Office Properties Income Trust Enters into Restructuring Support Agreement with Noteholders to Reduce Debt and Strengthen Balance Sheet
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust ("OPI†or the "Company†) today announced that it has entered into a Restructuring Support Agreement ("RSA†) with an ad hoc group (the "September 2029 Ad Hoc Group†) of certain holders of its senior secured notes due September 2029 (the "September 2029 Notes†) to restructure its corporate debt and allow the Company to substantially deleverage its balance sheet. The transactions contemplated by the RSA provide the Company with a signi. ...