secwatch.observer — SEC 8-K summary
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Issuer:     OFFICE PROPERTIES INCOME TRUST (—)
CIK:        0001456772
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001104659-25-104631
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPI files Chapter 11, enters RSA to reduce debt from $2.4B to $1.3B
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- Filed voluntary Chapter 11 petitions on Oct 30, 2025 in Southern District of Texas to implement comprehensive restructuring.
- RSA with ad hoc noteholder group equitizes ~$1B of existing notes; September 2029 notes convert to $98M equity + $420M takeback debt.
- Balance sheet debt to drop from ~$2.4B to ~$1.3B upon emergence; funded debt rendered unimpaired or restructured.
- Committed $125M debtor-in-possession financing from September 2029 noteholders to support operations during Chapter 11.
- Common shareholders expected to face significant or complete loss; new management agreement with RMR for 5-year term at $14M annual fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000110465925104631/0001104659-25-104631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000110465925104631/tm2529875d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-104631

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