Pacific Oak Strategic Opportunity REIT disclosed two related financing actions involving its BVI subsidiary. An Israeli court approved a comprehensive debt arrangement for the BVI’s Series B and D bonds, keeping principal intact, setting interest at 11.0% until effectiveness and 11.5% thereafter, and extending final maturity to June 30, 2028. The plan adds first-priority liens, a liquidity reserve and strict covenants with creditor oversight. Separately, the company and its operating partnership established a Second Loan framework with BVI for limited operational funding under a roughly $2.9 million budget plus $61,000 per month from August 2026, with advances at BVI’s discretion.
Agreement 1: Pacific Oak Strategic Opportunity REIT Wins Court Approval for BVI Bond Debt Plan; 11.5% Due 2028
- Agreement type: Court-approved debt arrangement and amended trust deeds for Series B and D bonds
- Counterparty: Reznik Paz Nevo Trusts, as trustee for BVI bondholders
- Duration / Termination: Through Jun 30 2028
- Reason: Restructure BVI bonds and stabilize liquidity
Agreement 2: Pacific Oak Strategic Opportunity REIT Sets $2.9M+ Monthly-Linked Funding Pact With BVI Unit
- Agreement type: Operational funding arrangement (Second Loan) with budgeted advances
- Counterparty: Pacific Oak SOR (BVI) Holdings
- Duration / Termination: At will
- Reason: Provide limited funding to support operations and reporting
Original SEC Filing:
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