OPI secures 27-day DIP loan extension as bankruptcy losses reach $50.5M

Filed May 6, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  DIP lenders extended the $125M bankruptcy financing maturity from May 4 to May 31, 2026, providing temporary liquidity relief but signaling continued time pressure to finalize the Chapter 11 reorganization plan.

  Item 8.01 — Other Events verify on EDGAR →
• high

  Company disclosed $2.77B in unsecured debt subject to compromise and $1.31B in secured debt, with total liabilities of $4.23B exceeding assets of $3.60B by $626M.

  Exhibit 99.1 verify on EDGAR →
• medium

  Received final $10.7M tranche of DIP facility on March 13, completing the syndication and bringing total DIP borrowings to $85M to fund restructuring operations.

  Exhibit 99.1 verify on EDGAR →