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Office Properties Income Trust to offer fixed-rate senior notes
By Devika Patel
Knoxville, Tenn., May 6 – Office Properties Income Trust intends to sell fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
Citigroup Global Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to repay borrowings under the company’s revolving credit facility and for general business purposes, including debt repayment.
The real estate investment trust is based in Newton, Mass.
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