Office Properties Income (OPI) has provided an announcement.
On May 1, 2024, a corporation initiated a private exchange offer to swap several series of its senior unsecured notes for new secured notes, a process which concluded on June 20, 2024, with the issuance of new notes totaling approximately $567 million. Additionally, the company issued over 1.4 million common shares to specific note holders. These new notes and shares, not registered under the Securities Act, targeted qualified institutional buyers and were not offered publicly to avoid legal complications. The report cautions investors about forward-looking statements, reminding them of the inherent risks and uncertainties in such predictions.
For detailed information about OPI stock, go to TipRanks’ Stock Analysis page.
