secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Oak Strategic Opportunity REIT, Inc. (—)
CIK:        0001452936
Form:       8-K
Filed at:   2026-06-10T15:44:38+00:00
Accession:  0001452936-26-000037
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

BVI subsidiary's bond restructuring approved by Israeli court; Series B/D bonds at 11.5%, due June 2028
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- Principal of Series B (NIS 388M) and Series D (NIS 587M) bonds unchanged; interest 11% then 11.5% after Completion Date.
- Final maturity June 30, 2028; bondholders receive additional 1.5% incremental interest or 50% residual value.
- Parent and OP may receive up to ~$2.9M discretionary funding from BVI under Second Loan; $540k already advanced.
- BVI must maintain $6M liquidity reserve (min $2M); G&A capped at $5M (2026), $4M (2027), $3M (2028).
- Bondholders gained board representation; Israeli court appointed administrator to decide creditor claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1452936/000145293626000037/0001452936-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1452936/000145293626000037/pacoaksor-20260605.htm
  HTML page:      https://secwatch.observer/filing/0001452936-26-000037

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