Office Properties Income Trust said it has reached a proposed plan settlement term sheet with its debtors, the official committee of unsecured creditors, a September 2029 ad hoc group and The RMR Group in its Chapter 11 case. The proposal sets a plan enterprise value of $1.75 billion and an implied equity value of $428 million, eliminates the ERO B offering, and provides for a $35 million ERO A rights offering at a 15% discount with a 10% equity backstop fee. Under the term sheet, unsecured noteholders would receive 6.3% of reorganized equity plus seven-year warrants for 5% of equity at a 125% strike, trade and vendor claims would be paid in full in cash after the plan effective date, and the reorganized board would be appointed primarily by the September 2029 group.
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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-023459), on March 04, 2026, and is solely responsible for the information contained therein.
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