The issuance of new secured notes at a higher interest rate to redeem lower-cost unsecured notes might seem counterintuitive at first. However, this move likely reflects a strategic decision by OPI to secure financing against its assets, potentially improving its debt profile and financial stability. The redemption of the 2024 Notes ahead of schedule could be seen positively by investors as it demonstrates proactive financial management and a commitment to reducing higher-cost debt. This could lead to a short-term positive impact on OPI's stock price as the market reacts to the company's efforts to strengthen its balance sheet.