OPI emerges from Chapter 11, cuts debt by $714M, reports Q2 2026 results

Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read

Key Changes

• high

  Emerged from Chapter 11 bankruptcy protection and reduced total debt by $714 million, significantly deleveraging the balance sheet through restructuring.

  Exhibit 99.2 view on EDGAR →
• high

  Reported net loss of $789.0M for Predecessor period (April 1-June 17) driven primarily by $745.3M in reorganization items; Successor period (June 18-30) showed $3.1M net loss.

  Exhibit 99.2 view on EDGAR →
• high

  Post-emergence debt structure includes $425M in secured credit facilities at 9.150% maturing January 2027, plus $1.105B in secured senior notes at 8.375%-10.000% maturing 2029-2031; total debt $1.707B at 9.017% weighted average rate.

  Exhibit 99.2 view on EDGAR →