secwatch.observer — SEC 8-K summary
======================================

Issuer:     OFFICE PROPERTIES INCOME TRUST (OPIRQ)
CIK:        0001456772
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001104659-26-038561
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPI reaches amended settlement with 2027 noteholders; $385M note at 8.375%
--------------------------------------------------------------------------

- Amended settlement includes $385M secured promissory note at 8.375% interest, issued by a new SPV.
- Reorganized company provides $60M limited guaranty; $10M support fee paid upfront.
- 2027 noteholders accept $493.15M appraised value of collateral; effective date on/before Aug 1, 2026.
- Monthly operating report filed for Feb 2026; company continues as debtor-in-possession.
- Plan provides for cancellation of common shares with no recovery to equity holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000110465926038561/0001104659-26-038561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000110465926038561/tm2610825d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-038561

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