OPI Prices $425M of 8.75% Senior Secured Notes Due 2031
OPI is trading near its 52-week low of $15.14 (6.5% above the low) on light trading volume (0.1× avg).
Summary
OPI priced $425M of 8.75% senior secured notes due 2031 to repay its secured revolving credit facility and term loan, extending maturities after its Chapter 11 emergence.
Key Events · Financing and Capital Events · OPI
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$425M Senior Secured Notes Priced
A private Rule 144A/Regulation S offering has priced $425 million aggregate principal amount of 8.75% senior secured notes due 2031.
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Collateral: 19 Office Properties
First-priority liens on 19 office properties and a pledge of equity interests of subsidiary guarantors secure the notes.
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Proceeds to Repay Secured Debt
Net proceeds, together with cash on hand, will repay all outstanding borrowings under the secured revolving credit facility and secured term loan.
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Settlement Expected September 24, 2026
Closing is subject to customary conditions and is expected to occur on September 24, 2026.
Analysis · OPI · Real Estate & Construction
A $425 million senior secured notes offering at 8.75% due 2031 has been priced, with first-priority liens on 19 office properties serving as collateral. The proceeds, together with cash on hand, will repay all outstanding borrowings under the secured revolving credit facility and secured term loan. This refinancing extends debt maturities and reduces near-term liquidity pressure following the company's June 2026 Chapter 11 emergence, but the 8.75% coupon reflects the elevated cost of capital for a recently reorganized office REIT.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1963 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OPI was trading at $16.12 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $353.9M. The 52-week trading range was $15.14 to $27.80. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.