secwatch.observer — SEC 8-K summary
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Issuer:     OFFICE PROPERTIES INCOME TRUST (OPIRQ)
CIK:        0001456772
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001104659-26-023459
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000110465926023459/0001104659-26-023459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000110465926023459/tm267890d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-023459

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer