$OPI·8-K

OFFICE PROPERTIES INCOME TRUST · May 6, 4:29 PM ET

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OFFICE PROPERTIES INCOME TRUST 8-K

Research Summary

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Updated

Office Properties Income Trust Files Chapter 11 Monthly Report; DIP Maturity Extended

What Happened
Office Properties Income Trust announced it filed its Monthly Operating Report (MOR) with the Bankruptcy Court on April 30, 2026, covering the period March 1, 2026 through March 30, 2026, and confirmed it continues to operate as a debtor‑in‑possession in its jointly administered Chapter 11 cases (Case No. 25‑90530). The filing also discloses that the company’s amended and restated debtor‑in‑possession (DIP) term loan facility — a multiple‑draw secured facility of up to $125.0 million entered into on February 5, 2026 — had its original May 4, 2026 maturity date extended to May 31, 2026 by consenting holders of the company’s 9.000% Senior Secured Notes due September 2029.

Key Details

  • MOR filed April 30, 2026 covering March 1–30, 2026; the Company’s MOR is attached as Exhibit 99.1.
  • Debtors continue operating as debtors‑in‑possession under the Bankruptcy Court’s jurisdiction (Case No. 25‑90530).
  • DIP Facility: amended Feb 5, 2026; multiple‑draw secured term loan up to $125.0 million.
  • DIP maturity extended from May 4, 2026 to May 31, 2026 by the Consenting September 2029 Noteholders.
  • The company cautions the MORs are unaudited, not prepared in accordance with GAAP, limited in scope, and were prepared solely to meet bankruptcy reporting requirements.

Why It Matters
For investors, the filing provides an updated operating snapshot and confirms short‑term liquidity arrangements: the $125M DIP facility remains in place but its maturity was only extended to the end of May 2026, underscoring near‑term timeline pressures in the Chapter 11 process. The MOR’s limitations (unaudited, non‑GAAP, limited period) mean investors should treat the report as bankruptcy reporting information rather than full financial statements and refer to official SEC and court filings for material updates.

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