NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $250 million of 4.50% unsecured senior notes due 2025. The Notes are a further issuance of OPI’s existing $400 million of unsecured senior notes due February 1, 2025 initially issued on February 3, 2015. The public offering price for the Notes was 101.414% of the principal amount (plus accrued interest from August 1, 2020) for a re-offer yield of 4.122%. The settlement of this offering is expected to occur on September 24, 2020, subject to customary closing conditions.

OPI expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility and for general business purposes.