Office Properties Income Trust Secures $125 Million DIP Financing in Chapter 11 Restructuring

Reuters11-07
<a href="https://laohu8.com/S/OPINI">Office Properties Income Trust</a> Secures $125 Million DIP Financing in Chapter 11 Restructuring

Office Properties Income Trust has received court approval to enter into a secured debtor-in-possession $(DIP)$ term loan credit agreement, providing access to up to $125 million in financing. The DIP facility, backstopped by holders of the company's 9.000% Senior Secured Notes due September 2029, will support OPI's working capital, general corporate needs, and the costs associated with its ongoing Chapter 11 proceedings. An initial $10 million draw has been made available, with the remainder contingent on the court's final approval and satisfaction of other customary conditions.

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