{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-030286","form_type":"8-K","ticker":"OPIRQ","cik":"0001456772","company_name":"OFFICE PROPERTIES INCOME TRUST","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.338886+00:00","generated_at":"2026-05-24T00:42:42.391650+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"OPI fails to agree on debt exchange; projections show covenant breaches and cash depletion by Q2 2026","bullets":["Confidential exchange discussions ended without agreement on rate, guaranties, or covenants; no deal reached.","Q2 2026 projected cash balance of -$60M under the $20M exchange scenario.","Unencumbered assets / unsecured debt ratio drops to 146.8% in Q1 2026, breaching the 150% minimum covenant.","Consolidated income available for debt service / debt service ratio falls to 1.37x by Q1 2026 (minimum 1.50x).","Proposed $95M exchange assumed partial conversion of 2026/2027/2031 notes into new notes, but no agreement reached."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-030286","json":"https://secwatch.observer/filing/0001104659-25-030286.json","markdown":"https://secwatch.observer/filing/0001104659-25-030286.md","text":"https://secwatch.observer/filing/0001104659-25-030286.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1456772/000110465925030286/0001104659-25-030286-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1456772/000110465925030286/tm2510925d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:42:42.391650+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"}