OFFICE PROPERTIES INCOME TRUST (OPIRQ): going-concern / distress — OPI gets $125M DIP facility in Chapter 11, exit fee cut to 4.5%

OFFICE PROPERTIES INCOME TRUST

Bankruptcy Court entered Final DIP Order on Feb 4, 2026, approving amended DIP credit agreement with up to $125M total facility.
Tranche A1 of $64.3M funded immediately; Tranche A2 of $10.7M after syndication; Tranche B of $40M available around Apr 3, 2026.
Maturity date set as earliest of May 4, 2026 (extendable), effective date of plan, asset sale, or acceleration; else July 2, 2026.
Exit fee reduced to 4.5% from 5.75%; upfront fee payable in cash (2.25%) or 3.6% equity in reorganized company.
Company remains in Chapter 11 pursuing restructuring under Restructuring Support Agreement.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

OFFICE PROPERTIES INCOME TRUST entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-10-30).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of Texas
Petition: 2025-10-30

Exact text from the filing

on October 30, 2025, OPI and certain of its subsidiaries (collectively, the “Debtors”) commenced voluntary cases (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”).

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OFFICE PROPERTIES INCOME TRUST filing history →

Source: SEC EDGAR

accession 0001104659-26-011514

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