OPI Transaction

Transaction Announcement

Office Properties Income Trust (“OPI”), a REIT owning 122 office properties comprising 17mm+ rentable square feet, has completed a Chapter 11 restructuring.

Upon emergence, OPI eliminated over $700mm of debt obligations by equitizing all of its unsecured and portions of its secured debt. As part of the Chapter 11 Plan, lenders under the Company’s $425mm Credit Facility agreed to waive certain events of default in exchange for several economic enhancements, including an increased interest rate and fees. The Credit Facility was reinstated at emergence and deemed unimpaired under the Chapter 11 Plan. OPI exited Chapter 11 in June 2026 with an improved capital structure and additional operating flexibility.

GLC served as exclusive financial advisor to the Ad Hoc Group of Credit Facility Lenders.

GLC Advisors Overview

GLC Advisors & Co. is a leading independent investment banking advisory firm, delivering objective, senior-level expertise to successfully execute lower middle market to large cap financial advisory engagements for our clients. Founded in 2009, GLC delivers conflict-free counsel on restructurings and other complex or special situation mandates. Today, GLC serves clients in a variety of advisory capacities including mergers & acquisitions, equity and debt capital advisories, restructurings and recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles, and San Francisco.