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Get filing alertsRisk Profile Improvements
- Delisting (new) — OPI's shares were delisted from Nasdaq in October 2025 and traded on OTC markets (including Pink Limited Information Market and Expert Market) during bankruptcy before relisting on Nasdaq June 18, 2026.
OPI emerges from bankruptcy, cancels all old shares, issues $805M debt at 8.4%–10% rates
Filed June 23, 2026 · Period ending June 17, 2026 · ~2 min read
Key Changes
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All 73.9 million pre-bankruptcy common shares cancelled with zero recovery; creditors now hold 67% of reorganized equity via new share issuance.
Item 3.03 verify on EDGAR → -
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Issued $420M senior secured notes at 10% (maturing 2031) and $385M notes at 8.375% (maturing 2029), replacing old 2.4%–6.4% debt; credit facility spread rises to SOFR+750 bps by 2027.
Item 1.01 verify on EDGAR → -
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Amended RMR management agreements grant RMR 2% of equity immediately plus up to 8% more based on performance; $14M annual business management fee for two years.
Item 1.01 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 25, 2026 11:14 AM