other_material
confidence high
sentiment negative
materiality 0.95
OPI files Chapter 11, obtains $125M DIP facility at 12% interest
OFFICE PROPERTIES INCOME TRUST
- Voluntary Chapter 11 petitions filed Oct 30, 2025 to implement restructuring under RSA.
- DIP term loan facility up to $125M; initial $10M drawn, remaining $115M after final order.
- DIP loans bear 12.00% cash interest plus upfront (2.25%), anchor (10.00%) and exit (5.75%) fees payable in cash or equity.
- Facility matures 185 days after petition date, or earlier on plan effective date or sale of substantially all assets.
- Common stock now quoted on OTC Pink (OPITS); 6.375% Senior Notes quoted on OTC Pink (OPILR).