other material
confidence high
sentiment negative
materiality 0.90
OFFICE PROPERTIES INCOME TRUST (OPIRQ): Nasdaq/NYSE listing notice — OPI receives Nasdaq delisting notice, misses interest payments on two senior secured notes
OFFICE PROPERTIES INCOME TRUST
- Common shares to be delisted from Nasdaq on Oct 6, 2025 after bid price stayed below $1.00; no appeal planned.
- Missed $27.4M interest payment on 9.000% Senior Secured Notes due Sept 2029 and $3.4M on 3.250% Notes due Mar 2027.
- 30-day grace period before non-payment constitutes an event of default under note indentures and credit agreement.
- Delivered notice to Wells Fargo under Credit Agreement citing expected defaults from delisting and missed payments.