---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-123301"
form_type: "8-K"
ticker: "TPHS"
cik: "0000724742"
company_name: "Trinity Place Holdings Inc."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:55:07.286858+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Trinity Place extends loan milestone to Sept 2023, cures defaults; strategic talks end

## Summary
- Loan amendment extends final completion milestone to Sept 29, 2023; $4M letter of credit returned, $1M to PIK interest, $3M deposit for interest shortfalls.
- Quarterly amortization payments of $7.5M from unit sales proceeds, first period from amendment date through April 1, 2023.
- Company cured defaults under mortgage and mezzanine loans resulting from delays due to COVID-19 and supply-chain issues.
- Exclusivity with large asset manager ended without a transaction; company continues exploring strategic opportunities.

## SEC filing metadata
- accession: 0001104659-22-123301
- form_type: 8-K
- ticker: TPHS
- cik: 0000724742
- company_name: Trinity Place Holdings Inc.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724742/000110465922123301/0001104659-22-123301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724742/000110465922123301/tm2231646d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-123301
- JSON: https://secwatch.observer/filing/0001104659-22-123301.json
- Plain text: https://secwatch.observer/filing/0001104659-22-123301.txt

## Key facts
- Material Agreements
  Trinity Place Holdings Inc. amended Mortgage Loan Amendment with Macquarie PF Inc., as lender and administrative agent (effective 2022-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Macquarie PF Inc., as lender and administrative agent
  - Effective: 2022-11-30
  source text: On November 30, 2022, a wholly-owned subsidiary (the “Mortgage Borrower”) of Trinity Place Holdings Inc. (the “Company”) and owner of the real property known as 77 Greenwich Street, New York, New York, entered into an amendment to the Master Loan Agreement, dated as of October 22, 2021 (the “Mortgage Loan Agreement”) with Macquarie PF Inc., as lender and administrative agent (the “Mortgage Lender”), which provided for (i) the extension of certain milestone dates including extension of the final completion milestone date, as contemplated under the Mortgage Loan Agreement, to September 29, 2023, in order to accommodate final construction items, including the outside dog-run, punchlist items and general contractor settlements, (ii) the return to the Company of a $4 million letter of credit held by the Mortgage Lender, a $1 million payment to be applied to reduce accrued PIK interest and a $3 million deposit to be held by the Mortgage Lender and made available to cover certain potential fu
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465922123301/0001104659-22-123301-index.htm
- Material Agreements
  Trinity Place Holdings Inc. amended Mezzanine Loan Amendment with Mezzanine Lender (effective 2022-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Mezzanine Lender
  - Effective: 2022-11-30
  source text: On the same date, in connection with the Mortgage Loan Amendment, the subsidiary of the Company that is the indirect parent of the Mortgage Borrower (the “Mezzanine Borrower”), entered into an amendment to the Amended and Restated Mezzanine Loan Agreement (the “Mezzanine Loan Agreement”), dated as of December 22, 2020, by and among the Mezzanine Borrower and the lender and administrative agent thereunder (“Mezzanine Lender”), which incorporated the amendments included in the Mortgage Loan Amendment (the “Mezzanine Loan Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465922123301/0001104659-22-123301-index.htm

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