---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-051355"
form_type: "8-K"
ticker: "TPHS"
cik: "0000724742"
company_name: "Trinity Place Holdings Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:52:53.070326+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001104659-23-051355
- form_type: 8-K
- ticker: TPHS
- cik: 0000724742
- company_name: Trinity Place Holdings Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724742/000110465923051355/0001104659-23-051355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724742/000110465923051355/tm2313995d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051355
- JSON: https://secwatch.observer/filing/0001104659-23-051355.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051355.txt

## Key facts
- Executive change
  Patrick J. Bartels, Jr. was appointed as director at Trinity Place Holdings Inc..
  - Action: appointed
  - Role: director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465923051355/0001104659-23-051355-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465923051355/0001104659-23-051355-index.htm

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