OFFICE PROPERTIES INCOME TRUST Exits Chapter 11; Issues $420M Notes

OFFICE PROPERTIES INCOME TRUST successfully emerged from Chapter 11 bankruptcy on June 17, 2026, following the confirmation of its Plan of Reorganization. As part of the restructuring, the company issued $420 million in 2029 Secured Exit Notes at 10.000% interest and $385 million in New 2027 Senior Secured Notes. Additionally, $98 million in new common shares were issued, reflecting a material reduction in outstanding liabilities. The company also addressed significant federal income tax considerations, including cancellation of debt income and an ownership change under IRC Section 382, while maintaining its REIT qualification.