secwatch.observer — SEC 8-K summary
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Issuer:     OFFICE PROPERTIES INCOME TRUST (—)
CIK:        0001456772
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001104659-26-050398
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bankruptcy court confirms OPI reorganization plan; existing equity cancelled, no recovery for shareholders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000110465926050398/0001104659-26-050398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000110465926050398/tm2612569d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-050398

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