Office Properties Income Trust Exits Bankruptcy With $714MM Debt Cut as Creditors Seize Control of Silicon Valley-Heavy REIT

A national office REIT with six Silicon Valley properties has emerged from Chapter 11 after a court-supervised restructuring that wiped out existing shareholders, slashed $714 million in debt and handed control to a creditor group led by Helix Partners Management. Office Properties Income Trust completed its financial reorganization and exited bankruptcy protection on June 17, […]