{ "docId": "019de515-cba0-70a7-a6b9-851525291990", "docSlug": "74300d5991267f2d4038bce07bae27e6", "documentTitle": "Office Properties Income Trust | Investor Presentation Deck | 29 slides", "authorId": "office-properties-income-trust", "authorName": "Office Properties Income Trust", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 23, "pageCount": 29, "prevPage": 22, "nextPage": 24, "slideType": "other", "function": "analyze_data", "density": "dense", "nDataPoints": 60, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-cba0-70a7-a6b9-851525291990/23", "deckHref": "/decks/019de515-cba0-70a7-a6b9-851525291990", "deckJsonHref": "/decks/019de515-cba0-70a7-a6b9-851525291990.json", "deckAnchorHref": "/decks/019de515-cba0-70a7-a6b9-851525291990#slide-23", "components": [ { "bbox": { "h": 0.046, "w": 0.16, "x": 0.049, "y": 0.137 }, "kind": "paragraph", "text": "As of March 31, 2023:\n(dollars in thousands)", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7c740603-e5ff-4717-9eeb-be54cd444f09", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.147, "w": 0.929, "x": 0.026, "y": 0.827 }, "kind": "source-note", "text": "(1) Reflects the interest rate stated in, or determined pursuant to, the contract terms.\n(2) Includes the effect of mark to market accounting for certain mortgages and discounts and premiums on senior unsecured notes. Excludes the effect of debt issuance costs amortization.\n(3) In March 2023, OPI amended its credit agreement governing OPI's revolving credit facility to, among other things, replace LIBOR with the secured overnight financing rate, or SOFR, as the benchmark\ninterest rate for calculating interest payable on amounts outstanding under its revolving credit facility. OPI is required to pay interest at a rate of SOFR plus a premium, which was 110 basis points per\nannum as of March 31, 2023. OPI also pays a facility fee, which was 25 basis points per annum on the total amount of lending commitments under its revolving credit facility as of March 31, 2023. Both\nthe interest rate premium and facility fee are subject to adjustment based upon changes to OPI's credit ratings. The interest rate listed is as of March 31, 2023 and excludes the 25 basis point facility fee.\nEffective April 1, 2023, based upon changes to OPI's credit ratings, the interest rate premium and facility fee increased to 145 basis points per annum and 30 basis points per annum, respectively. Subject\nto the payment of an extension fee and meeting certain other conditions, OPI may extend the maturity date of its revolving credit facility by one six month period.\n(4) The maximum aggregate borrowing availability under the credit agreement governing OPI's revolving credit facility may be increased to up to $1,950,000 in certain circumstances.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "92bcd7f8-7a33-4e5b-8076-1e662fdcb5f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.53, "w": 0.901, "x": 0.049, "y": 0.199 }, "kind": "table", "text": "Unsecured Floating Rate Debt:\n$750,000 unsecured revolving credit facility (3) (4)\n6.000%\n6.000%\n$ 245,000\n7/31/2023\n$ 245,000\n0.3\nUnsecured Fixed Rate Debt:\nSenior unsecured notes due 2024\n4.250%\n4.404%\n350,000\n5/15/2024\n350,000\n1.1\nSenior unsecured notes due 2025\n4.500%\n4.521%\n650,000\n2/1/2025\n650,000\n1.8\nSenior unsecured notes due 2026\n2.650%\n2.815%\n300,000\n6/15/2026\n300,000\n3.2\nSenior unsecured notes due 2027\n2.400%\n2.541%\n350,000\n2/1/2027\n350,000\n3.8\nSenior unsecured notes due 2031\n3.450%\n3.550%\n400,000\n10/15/2031\n400,000\n8.5\nSenior unsecured notes due 2050\n6.375%\n6.375%\n162,000\n6/23/2050\n162,000\n27.2\nSubtotal / weighted average\n3.825%\n3.918%\n2,212,000\n2,212,000\n5.3\nSecured Fixed Rate Debt:\nMortgage debt - One property in Chicago, IL\n3.700%\n4.210%\n50,000\n6/1/2023\n50,000\n0.2\nTotal / weighted average\n4.035%\n4.127%\n$2,507,000\n$ 2,507,000\n4.7", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6e6feb04-f461-4b7e-a784-96fd6dafed32", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.192, "x": 0.404, "y": 0.063 }, "kind": "title", "text": "DEBT SUMMARY", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8d39e3b0-4739-4969-8275-5daeb9be10a2", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "f7ab5d9d-075d-439b-ba31-ce7dcb3d4ceb", "evidence": "The slide contains a table with data, specifically: 'Unsecured Floating Rate Debt: $750,000 unsecured revolving credit facility (3) (4) 6.000% 6.000% $ 245,000 7/31/2023 $ 245,000 0.3'", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 26, "from": 21, "beatId": "b1012813-d7bb-489f-85b7-86bba771c75d", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Financials", "beatSlug": "sequoia-pitch-financials", "evidence": "Explicitly present in the financials section.", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }