---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-023459"
form_type: "8-K"
ticker: "OPIRQ"
cik: "0001456772"
company_name: "OFFICE PROPERTIES INCOME TRUST"
filed_at: "2026-03-04T23:59:59+00:00"
generated_at: "2026-05-15T21:38:15.934748+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# OPI Chapter 11 settlements: $35M ERO, $385M 2027 note, unsecured 6.3% recovery

## Summary
- Plan enterprise value $1.75B; implied plan equity value $428M.
- Unsecured noteholders receive 6.3% of reorganized equity plus warrants (125% strike, 7yr).
- 2027 holders: $385M secured note at 8.125%, 42-month maturity, plus $60M near-term payments.
- $35M equity rights offering for unsecured noteholders at 15% discount, backstopped.
- Common shares to be cancelled; holders receive no distribution under the Plan.

## SEC filing metadata
- accession: 0001104659-26-023459
- form_type: 8-K
- ticker: OPIRQ
- cik: 0001456772
- company_name: OFFICE PROPERTIES INCOME TRUST
- filed_at: 2026-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456772/000110465926023459/0001104659-26-023459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456772/000110465926023459/tm267890d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-023459
- JSON: https://secwatch.observer/filing/0001104659-26-023459.json
- Plain text: https://secwatch.observer/filing/0001104659-26-023459.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.