---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-129270"
form_type: "8-K"
ticker: "TPHS"
cik: "0000724742"
company_name: "Trinity Place Holdings Inc."
filed_at: "2021-10-25T23:59:59+00:00"
generated_at: "2026-06-28T18:37:16.801597+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trinity Place completes $166.7M refinancing with Macquarie, $4.8M private placement, and announces rights offering

## Summary
- $166.7M inventory loan from Macquarie; 2-yr term +1-yr extension; interest LIBOR+7% (floor 7.25%), step-up to 9%+ if balance >$91M after Apr 2023.
- Private placement of 2,539,473 shares at $1.90 from MFP Partners and Third Avenue Management, raising $4.825M.
- Rights offering: record date Nov 3, 2021; rights to buy up to 2.65M shares at $1.90; CEO to subscribe for at least 52,631 shares.
- 77 Greenwich occupancy begun; school opening Sep 2022; blended interest rate ~115bps lower than prior construction loan.

## SEC filing metadata
- accession: 0001104659-21-129270
- form_type: 8-K
- ticker: TPHS
- cik: 0000724742
- company_name: Trinity Place Holdings Inc.
- filed_at: 2021-10-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724742/000110465921129270/0001104659-21-129270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724742/000110465921129270/tm2130844d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-129270
- JSON: https://secwatch.observer/filing/0001104659-21-129270.json
- Plain text: https://secwatch.observer/filing/0001104659-21-129270.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.