---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-071630"
form_type: "8-K"
ticker: "TPHS"
cik: "0000724742"
company_name: "Trinity Place Holdings Inc."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:41:32.644499+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trinity Place Holdings ups loan by $5M, issues 750K shares to lender in credit amendment

## Summary
- Loan facility increased by up to $5M: $3M for corporate purposes, $2M for 11th Street Property.
- Interest rate on loan increased by 0.20%.
- Company to issue 750K shares of common stock to TPHS Lender LLC; warrant coverage reduced by 750K shares.
- Revised covenants: lender consent needed for refinancing of 11th Street and Paramus properties; strategic review meeting required by June 30, 2023.
- Ability to incur certain debt, make investments, and pay restricted payments removed or restricted.

## SEC filing metadata
- accession: 0001104659-23-071630
- form_type: 8-K
- ticker: TPHS
- cik: 0000724742
- company_name: Trinity Place Holdings Inc.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724742/000110465923071630/0001104659-23-071630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724742/000110465923071630/tm2318841d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-071630
- JSON: https://secwatch.observer/filing/0001104659-23-071630.json
- Plain text: https://secwatch.observer/filing/0001104659-23-071630.txt

## Key facts
- Debt Financings
  Trinity Place Holdings Inc. amended credit facility of up to $5,000,000 with TPHS Lender LLC at increased by 0.20%.
  - Instrument: credit facility
  - Principal: up to $5,000,000
  - Counterparty: TPHS Lender LLC
  - Rate: increased by 0.20%
  - Event: amendment
  source text: y and between the Company, as borrower, certain subsidiaries of the Company as guarantors, and TPHS Lender LLC, as initial lender (the “CCF Lender”) and as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465923071630/0001104659-23-071630-index.htm
- Material Agreements
  Trinity Place Holdings Inc. amended CCF Amendment with TPHS Lender LLC valued at up to $5,000,000 (effective 2023-06-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: TPHS Lender LLC
  - Value: up to $5,000,000
  - Effective: 2023-06-09
  source text: On June 9, 2023, Trinity Place Holdings Inc. (the “Company”) entered into a seventh amendment (the “CCF Amendment”) to the Credit Agreement, dated as of December 19, 2019 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the “CCF”), by and between the Company, as borrower, certain subsidiaries of the Company as guarantors, and TPHS Lender LLC, as initial lender (the “CCF Lender”) and as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724742/000110465923071630/0001104659-23-071630-index.htm

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