OFFICE PROPERTIES INCOME TRUST (OPIRQ): going-concern / distress — Bankruptcy court confirms OPI reorganization plan; existing equity cancelled, no recovery for shareholders

OFFICE PROPERTIES INCOME TRUST

Court entered Confirmation Order on April 22, 2026, approving Fourth Amended Joint Chapter 11 Plan.
73.9M common shares outstanding as of Oct 30, 2025 will be cancelled with no distribution; equity value eliminated.
Allowed DIP Claims receive Reorganized Common Equity at a 37% discount to Plan value.
$385M in new 8.375% senior secured notes to 2027 Noteholders; $300M in new 10% notes due 2031 plus equity to Sep 2029 Noteholders.
Conditions precedent to Effective Date remain unsatisfied; no assurance of when or if plan will become effective.

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, the Company and its debtor affiliates (collectively, the “ Debtors ”) each commenced with the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”) a voluntary case (collectively, the “ Chapter 11 Cases ”) under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”). The Chapter 11 Cases are jointly administered under the caption In re Office Properties Income Trust , et al., Case No. 25-90530.

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OFFICE PROPERTIES INCOME TRUST filing history →

Source: SEC EDGAR

accession 0001104659-26-050398

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