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Office Properties Income Trust 8-K Filings

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Every 8-K that Office Properties Income Trust (OPIRQ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow OPIRQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPIRQ filings page.

Rhea-AI Summary

Office Properties Income Trust has emerged from Chapter 11 with a new capital structure, new board and rewritten governance documents. On June 17, 2026, its reorganization plan became effective, cancelling all 73,943,439 old common shares, which received no recovery, and issuing 21,953,577 shares of new common equity and new warrants.

The company issued $420 million of 10.000% senior secured exit notes due 2031 and $385 million of new 8.375% senior secured notes due 2029, amended its secured credit facility, and terminated its $125 million DIP facility through equity conversions. Certain former noteholders and DIP lenders now own about 67% of the reorganized equity, and a largely reconstituted board, including Helix Partners and Redwood Capital designees, took office. The declaration of trust and bylaws were amended to change removal rights, board designation rights and shareholder mechanics, while a new five-year management package with RMR includes fixed fees and equity-based compensation.

Rhea-AI Summary

Office Properties Income Trust furnished new financial disclosures while continuing to operate under Chapter 11 protection. The company issued supplemental information for the three months ended March 31, 2026, attached as Exhibit 99.1, and filed Monthly Operating Reports for the period April 1–30, 2026, attached as Exhibit 99.2.

The reports were prepared to satisfy Bankruptcy Court requirements, not as a basis for investment decisions. They are unaudited, not prepared under GAAP, limited in scope, and may be adjusted. The company highlights significant risks around consummating its confirmed plan of reorganization, liquidity, financing, and the broader impact of the Chapter 11 Cases on operations and key relationships.

Rhea-AI Summary

Office Properties Income Trust, which is operating under jointly administered Chapter 11 cases in the Southern District of Texas, filed Monthly Operating Reports covering March 1–31, 2026. The reports give basic financial and operating data but are unaudited, not prepared under GAAP, and may change.

The company also disclosed that lenders holding its 9.000% Senior Secured Notes due September 2029 agreed to extend the maturity of its up to $125.0 million debtor-in-possession term loan facility from May 4, 2026 to May 31, 2026, providing short-term financing continuity during the restructuring.

Rhea-AI Summary

Office Properties Income Trust reports that the Bankruptcy Court has confirmed its Fourth Amended Joint Chapter 11 Plan of Reorganization. The plan provides that, on its Effective Date, all existing common shares will be cancelled and extinguished, and current shareholders will receive no property or recovery for their investment.

The company had 73,943,439 common shares outstanding as of October 30, 2025. Management notes that trading prices may bear little or no relationship to ultimate recoveries in the Chapter 11 cases and urges extreme caution with respect to existing and future investments in its common shares.

Rhea-AI Summary

Office Properties Income Trust reports new developments in its ongoing Chapter 11 restructuring. The company, its 3.250% notes due 2026 holders, and 9.000% notes due 2029 holders entered into an Amended 2027 Settlement, documented in a revised settlement term sheet filed with the bankruptcy court and furnished as Exhibit 99.1. The Debtors also filed Monthly Operating Reports for February 1–28, 2026, with the company’s MOR attached as Exhibit 99.2, providing financial and operational data required by the court. The disclosure reiterates that the current Chapter 11 plan provides for the company’s common shares to be cancelled and extinguished on the plan’s effective date, with holders receiving no recovery, and urges extreme caution regarding existing and future investments in these shares.

Rhea-AI Summary

Office Properties Income Trust reports that court‑supervised mediations in its chapter 11 cases have produced two key settlements with noteholder groups and the unsecured creditors’ committee. A new $35 million equity rights offering, at a 15% discount to plan value and backstopped by certain unsecured noteholders, will help fund the reorganization.

Unsecured noteholders are slated to receive 6.3% of the reorganized common equity plus seven‑year warrants, while priority guaranteed unsecured notes are set for a 100% recovery in equity and September 2029 deficiency claims for 5.3% of equity if the DIP is equitized. Trade and vendor claims are expected to be paid in full in cash after the plan effective date.

A separate settlement for the 3.250% Senior Secured Notes due 2026 provides a $385,000,000 secured promissory note at 8.125% interest, with scheduled payments of $15,000,000 on or before August 1, 2026, another $15,000,000 by November 1, 2026, and $30,000,000 by February 1, 2027. The effective date of the plan is targeted on or before August 1, 2026.

The company warns that, under the plan, existing common shares will be cancelled and extinguished, with holders receiving no recovery, meaning invested amounts will not be recoverable. It urges extreme caution in trading its common shares during the chapter 11 process.

Rhea-AI Summary

Office Properties Income Trust provides an update on its ongoing Chapter 11 restructuring. The company has filed a joint plan of reorganization and related disclosure statement, along with a liquidation analysis, financial projections for May 1, 2026 through December 31, 2030, and a valuation analysis.

The company states that under the proposed plan, its common shares will be cancelled and extinguished on the plan’s effective date, and current shareholders will not receive any property or interest on account of those shares. It warns that amounts invested in the common shares will not be recoverable if the plan is confirmed and urges extreme caution regarding existing and future investments in its common shares.

Rhea-AI Summary

Office Properties Income Trust filed an 8-K describing amended Monthly Operating Reports for its ongoing Chapter 11 cases covering December 1–31, 2025. The amendments mainly reflect interest expense adjustments, including reclassifying certain interest to OPI.

The company explains that these reports are prepared under bankruptcy court rules, are unaudited, not in accordance with GAAP, and may change. It cautions that the MORs are not intended as a basis for investment decisions and may not reflect full financial performance.

OPI also warns that trading in its common shares during the Chapter 11 process is highly speculative and risky. The shares are no longer listed on Nasdaq, and trading prices may bear little or no relationship to any eventual recovery for shareholders.

Rhea-AI Summary

Office Properties Income Trust reports that the bankruptcy court has approved an amended and restated debtor-in-possession term loan credit agreement while its Chapter 11 cases proceed. The new DIP facility totals $125.0 million and is structured as a multiple-draw secured term loan.

The structure includes $10.0 million already drawn in November 2025, about $64.3 million drawn immediately after the final order, a further draw of about $10.7 million after syndication conditions, and a $40.0 million Tranche B term loan targeted around April 3, 2026. The maturity is generally May 4, 2026, with possible extensions or an outside date of July 2, 2026 depending on plan confirmation and certain court rulings.

The agreement reduces the exit fee from 5.75% to 4.50% of each DIP loan and allows the upfront fee to be paid either as a 2.25% cash fee or in common equity equal to 3.60% of commitments. It also adds a 1.0% cash prepayment premium and a 0.75% per annum commitment fee on undrawn Tranche B. DIP obligations have superpriority administrative status and first- or junior-priority liens on specified assets, supporting liquidity during restructuring while the company pursues a plan under its restructuring support agreement.