UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
| (Commission File Number) | (IRS Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
| Title Of each class | Trading Symbol(s) | Name Of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01 | Other Events. |
On December 17, 2024, Office Properties Income Trust, or the Company, filed with the Securities and Exchange Commission a prospectus supplement to the prospectus contained in the Company’s effective shelf registration statement on Form S-3 (Registration No. 333-265997), relating to the resale from time to time by certain selling shareholders of up to 5,700,900 shares of the Company’s common shares of beneficial interest, $.01 par value per share, or Common Shares, that the Company issued to the selling shareholders pursuant to the Exchange Agreement dated November 24, 2024 between the Company and the selling shareholders, or the Exchange Agreement, entered into in connection with the Company’s previously announced private exchange offer to exchange up to an aggregate principal amount of $340,000,000 of the Company’s outstanding senior unsecured notes due 2025 for (i) up to an aggregate principal amount of $445,000,000 of new 3.250% Senior Secured Notes due 2027, and related guarantees, (ii) up to 11,533,380 Common Shares and (iii) certain cash payments, pursuant to the terms and conditions set forth in the Exchange Agreement.
In connection with the filing of the prospectus supplement, a copy of the opinion of Duane Morris LLP, regarding the validity of the common shares being registered under the prospectus supplement, is filed with this Current Report on Form 8-K as Exhibit 5.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit Number |
Description | |
| 5.1 | Opinion of Duane Morris LLP. (Filed herewith.) | |
| 23.1 | Consent of Duane Morris LLP (contained in Exhibit 5.1). | |
| 104 | Cover Page Interactive Data File. (Embedded within the Inline XBRL document.) |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OFFICE PROPERTIES INCOME TRUST | ||
| By: | /s/ Brian E. Donley | |
| Name: | Brian E. Donley | |
| Title: | Chief Financial Officer and Treasurer | |
Dated: December 17, 2024