OFFICE PROPERTIES INCOME TRUST 8-K

What Happened
Office Properties Income Trust (OPITQ) filed an 8‑K (Regulation FD disclosure) announcing that mediation in its Chapter 11 cases was terminated by the court‑appointed mediator on December 22, 2025. The Debtors commenced voluntary Chapter 11 cases on October 30, 2025, and entered non‑binding mediation in early November 2025 under the Agreed Mediation Order appointing Judge Marvin Isgur (Docket No. 190). As of 10:25 a.m. CT on December 22, 2025, the mediator ended the mediation because the Parties had not reached an agreement; negotiations are not currently continuing and may or may not resume.

Key Details

• Chapter 11 cases commenced: October 30, 2025.
• Mediator: Judge Marvin Isgur under Agreed Mediation Order (Docket No. 190). Mediation terminated Dec 22, 2025 at 10:25 a.m. CT.
• Parties involved: Debtors; Official Committee of Unsecured Creditors; ad hoc holders of 9.000% Senior Secured Notes due Sept 30, 2029 (September 2029 Ad Hoc Group) and Mar 31, 2029 (March 2029 Ad Hoc Group); ad hoc holders of 3.250% Senior Secured Notes due Dec 11, 2027 (2027 Ad Hoc Group); trustees (U.S. Bank Trust Co., UMB Bank, Computershare); Secured Credit Facility Agent (Wilmington Savings Fund Society, FSB).
• Issues in mediation included the treatment of the 2027 Senior Secured Notes under any Chapter 11 plan and disputes related to the Debtors’ Emergency Motion for use of cash collateral and post‑petition financing (Docket No. 32) and an adversary proceeding (Adv. Pro. No. 25‑03802).

Why It Matters
This disclosure informs investors that court‑supervised mediation aimed at resolving key creditor disputes in OPITQ’s Chapter 11 cases ended without a deal. That means material issues—such as how secured note classes (including 3.250% and 9.000% notes) will be treated and disputes over cash collateral and financing—remain unresolved. For investors, the termination of mediation increases uncertainty about the timing and outcome of the restructuring process and whether additional litigation, renegotiation, or alternative resolution steps will follow.