Restructuring Report

November 10, 2025 - Office Properties Income Trust, Groff Tractor Mid Atlantic, The Bon Morro, Pine Gate Renewables

• Stretto • Episode 10

This episode covers key developments in four major restructuring cases:

Office Properties Income Trust seeks approval for a $125 million DIP facility with a unique feature allowing full conversion to equity upon emergence.

Groff Tractor Mid Atlantic proposes a three-member Restructuring Committee to oversee the sale of its CASE construction equipment dealerships across the Mid-Atlantic region.

In Boston, The Bon Morro apartment complex files for Chapter 11 amid a dispute over restrictive ground lease terms that hindered refinancing efforts—potentially wiping out leasehold equity value.

And solar developer Pine Gate Renewables seeks approval to pay up to $168 million to critical vendors while pursuing $248 million in DIP financing.

đź’ˇ From commercial real estate and construction to renewable energy, this episode examines how financing structures, lease disputes, and liquidity management are shaping the latest wave of complex restructurings in late 2025.

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