Quarterly report pursuant to Section 13 or 15(d)

Orion Office REIT, Subsequent Events (Details)

v3.21.2
Orion Office REIT, Subsequent Events (Details)
Nov. 12, 2021
USD ($)
shares
Nov. 10, 2021
$ / shares
shares
Nov. 01, 2021
Jul. 15, 2021
$ / shares
shares
Sep. 30, 2021
$ / shares
Subsequent Event [Line Items]          
Shares issued during capitalization (in shares) | shares       100,000  
Common stock, par value (in dollars per share) | $ / shares       $ 0.01 $ 0.001
Subsequent Event          
Subsequent Event [Line Items]          
Distributions to Realty Income $ 595,000,000        
Outstanding debt 620,000,000        
Cash 15,600,000        
Shares issued during capitalization (in shares) | shares   56,525,650      
Common stock, par value (in dollars per share) | $ / shares   $ 0.001      
Right of First Offer Agreement, expiration terms, asset value threshold $ 50,000,000        
Warrants to purchase (in shares) | shares 1,120,000        
Warrants exercise price determination period 30 days        
Warrants, exercise price determination, multiplier 1.15        
Warrants, exercise period following distribution 31 days        
Warrants, term 10 years        
Subsequent Event | Realty Income          
Subsequent Event [Line Items]          
Common stock, shares owned by Realty Income (in shares) | shares   56,625,650      
Subsequent Event | Revolving Credit Facility          
Subsequent Event [Line Items]          
Borrowing capacity $ 425,000,000        
Proceeds from lines of credit 90,000,000        
Remaining borrowing capacity $ 335,000,000        
Commitment fee percentage 0.25%        
Subsequent Event | Revolving Credit Facility | Line of Credit          
Subsequent Event [Line Items]          
Debt instrument, term 3 years        
Covenant, total debt to total asset value, maximum 0.60        
Covenant, adjusted EBITDA to fixed charges, minimum 1.50        
Covenant, secured debt to total asset value, maximum 0.45        
Covenant, unsecured debt to unencumbered asset value, maximum 0.60        
Covenant, unencumbered real properties to unsecured interest expense, minimum 2.00        
Subsequent Event | Revolving Credit Facility | Line of Credit | LIBOR          
Subsequent Event [Line Items]          
Variable rate 2.50%        
Subsequent Event | Revolving Credit Facility | Line of Credit | Base Rate          
Subsequent Event [Line Items]          
Variable rate 1.50%        
Subsequent Event | Letter of Credit          
Subsequent Event [Line Items]          
Borrowing capacity $ 25,000,000        
Subsequent Event | Term Loan Facility          
Subsequent Event [Line Items]          
Borrowing capacity $ 175,000,000        
Subsequent Event | Term Loan Facility | Line of Credit          
Subsequent Event [Line Items]          
Debt instrument, term 2 years        
Subsequent Event | Term Loan Facility | Line of Credit | LIBOR          
Subsequent Event [Line Items]          
Variable rate 2.50%        
Subsequent Event | Term Loan Facility | Line of Credit | Base Rate          
Subsequent Event [Line Items]          
Variable rate 1.50%        
Subsequent Event | CMBS Bridge Credit Agreement          
Subsequent Event [Line Items]          
Borrowing capacity $ 355,000,000        
Extension period     6 months    
Subsequent Event | CMBS Bridge Credit Agreement | Line of Credit          
Subsequent Event [Line Items]          
Debt instrument, term 6 months        
Subsequent Event | CMBS Bridge Credit Agreement | Line of Credit | LIBOR          
Subsequent Event [Line Items]          
Variable rate 2.50%        
Subsequent Event | CMBS Bridge Credit Agreement | Line of Credit | LIBOR | Maximum          
Subsequent Event [Line Items]          
Variable rate 3.50%        
Subsequent Event | CMBS Bridge Credit Agreement | Line of Credit | Base Rate          
Subsequent Event [Line Items]          
Variable rate 1.50%        
Subsequent Event | CMBS Bridge Credit Agreement | Line of Credit | Base Rate | Maximum          
Subsequent Event [Line Items]          
Variable rate 2.50%