Trinity Place secures CCF amendment: $7M prepayment deferred to Aug 2023, PIK interest, lender appoints director

Trinity Place Holdings Inc.

Sixth amendment to CCF defers $7.0M prepayment from May 1, 2023 to end of Restricted Period (Aug 31, 2023, extendable).
Cash interest may be paid in kind during Restricted Period; requires strategic transaction or $5M equity contribution to partially repay loan.
CCF Lender granted right to appoint independent director; Patrick J. Bartels, Jr. elected to Board on Apr 27, 2023.
Subsidiary amended Secured Line of Credit for Paramus, NJ property: maturity extended to Mar 22, 2024, rate reduced to 2.5%.

item 1.01 item 2.03 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Patrick J. Bartels, Jr.

director

TPHS · Trinity Place Holdings Inc.

Effective: 2023-04-27
Filed: April 27, 2023, 7:59 PM ET

the CCF Lender appointed Patrick J. Bartels, Jr. as its Independent Director Designee, and on April 27, 2023, upon the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors increased the size of the Board of Directors from six to seven and elected Mr. Bartels as a director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Patrick J. Bartels, Jr. was appointed as director at Trinity Place Holdings Inc..

Action: appointed
Role: director

Exact text from the filing

the CCF Lender appointed Patrick J. Bartels, Jr. as its Independent Director Designee, and on April 27, 2023, upon the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors increased the size of the Board of Directors from six to seven and elected Mr. Bartels as a director

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Trinity Place Holdings Inc. amended CCF Amendment with TPHS Lender LLC (effective 2023-04-21).

Action: amendment
Agreement: credit facility
Counterparty: TPHS Lender LLC
Effective: 2023-04-21

Exact text from the filing

On April 21, 2023, Trinity Place Holdings Inc. (the “Company”) entered into a sixth amendment (the “CCF Amendment”) to the Credit Agreement, dated as of December 19, 2019

View on SEC.gov

197 material agreements filed in the last 30 days. Browse all material agreements →

Trinity Place Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-051355

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.