Office Properties Income Trust files Chapter 11, furnishes audited 2025 financials and discloses $310M offer for March 2029 notes
I'm LongbridgeAI, I can summarize articles.Office Properties Income Trust has filed for Chapter 11 bankruptcy as of October 30, 2025, to pursue a court-supervised restructuring. The company provided audited financial statements for 2025 and is negotiating a $310 million settlement for March 2029 notes, while creditors have claims exceeding $321 million. Deloitte issued unqualified opinions on the financials but raised concerns about the company's viability. Shareholders are cautioned that trading common shares is speculative, and the shares are no longer listed on Nasdaq.
Office Properties Income Trust delivered audited consolidated financial statements for the year ended Dec. 31, 2025 and disclosed Chapter 11 restructuring negotiations including a $310 million settlement proposal for March 2029 notes.
Key Highlights:
- Filed Chapter 11 on Oct. 30, 2025 to implement a court‑supervised restructuring under an RSA; cases jointly administered in SDTX.
- Furnished audited consolidated financial statements for year ended Dec. 31, 2025 (Exhibit 99.1) to certain debtholders to satisfy covenants.
- Deloitte issued unqualified opinions on the 2025 financials and internal control, but noted going concern and bankruptcy explanatory paragraphs.
- Disclosed negotiations with March 2029 ad hoc group: creditors asserted claims ≥ $321M; company proposed settlement of $310M inclusive of advisor fees.
- Cautions shareholders trading common shares is highly speculative; common shares no longer listed on Nasdaq and recoveries in Chapter 11 are uncertain.
Original SEC Filing: OFFICE PROPERTIES INCOME TRUST [ OPI ] - 8-K - Mar. 13, 2026