{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-110406","form_type":"8-K","ticker":"OPIRQ","cik":"0001456772","company_name":"OFFICE PROPERTIES INCOME TRUST","filed_at":"2024-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.486497+00:00","generated_at":"2026-05-30T11:35:25.453339+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"OPI discloses $455M secured note exchange proposal with ad hoc debt holder group","bullets":["Ad Hoc Group proposes exchanging ~$460M of 4.500% 2025 Notes for 19.9% equity, $75M cash, and $455M Senior Secured Notes due 2027.","Secured Notes carry 3.25% coupon at 84.615% issue price, yielding ~14% annually; mature Dec 31, 2026, extendable to June 30, 2027.","Mandatory redemptions: $175M on March 1, 2026, plus quarterly $6.5M redemptions starting Q1 2025; proceeds from collateral sales must redeem notes.","OPI continues negotiations with other AHG members; no agreement reached as of Oct 22, 2024; one member declined to extend confidentiality deadline.","Transaction subject to minimum 90% participation; AHG receives $10M cash fee for committing to support the exchange."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-110406","json":"https://secwatch.observer/filing/0001104659-24-110406.json","markdown":"https://secwatch.observer/filing/0001104659-24-110406.md","text":"https://secwatch.observer/filing/0001104659-24-110406.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1456772/000110465924110406/0001104659-24-110406-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1456772/000110465924110406/tm2426169d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T11:35:25.453339+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}