Office Properties Income Trust exits Chapter 11, cancels old shares and issues 22 million new shares
I'm LongbridgeAI, I can summarize articles.Office Properties Income Trust has exited Chapter 11 bankruptcy, reducing debt by approximately $714 million. All legacy common shares were canceled, and about 22 million new common shares were issued. Post-restructuring debt totals roughly $1.7 billion with a revolver reset at 9.1% interest. New secured notes amounting to $805 million were issued. The new shares are expected to begin trading on Nasdaq under the ticker 'OPI' on June 18, 2026.
- Office Properties Income Trust exited Chapter 11, cutting debt by about $714 million. * All legacy common shares were canceled; about 22 million new common shares were issued. * Post-restructuring debt totals about $1.7 billion; revolver reset at 9.1% interest. * New secured notes issued: about $385 million at 8.375% due December 2029; about $420 million at 10% due June 2031. * New common shares expected to start trading June 18, 2026 on Nasdaq under “OPI”. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Office Properties Income Trust published the original content used to generate this news brief on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here