Office Properties Income Trust does not expect to appeal Nasdaq’s determination that the company it hasn’t regained compliance with Nasdaq Listing Rule 5450(a)(1).
- If it doesn’t appeal, its common shares are set to be delisted at the opening of business on Oct. 6
- On Sept. 30, the company didn’t make the required $27.4 million interest payment due on its 9.000% senior secured notes due Sept. 2029 or the required $3.4 million interest payment due on its 3.250% senior secured notes due March 2027
- Working with advisers to pursue restructuring efforts
- Has 30-day grace period to make payment before non-payment constitutes ...