Terra Property Trust amends three credit facilities, waives covenant, appoints COO

Terra Property Trust, Inc.

Amends Western Alliance Bank facility: waives Dec 31, 2023 min net worth covenant, reduces credit line, increases coupon rate, extends term.
Amends Goldman Sachs Bank facility: extends term and reduces minimum interest coverage ratio covenant.
Amends UBS AG facility: reduces maximum available to zero; waives fees and covenants from Dec 31, 2023 until amounts drawn.
Appoints Sarah Schwarzschild as COO effective Feb 27; she also serves as COO of Mavik Capital and receives no cash compensation from company.
Company announces intention to hold quarterly investor calls beginning in the near future.

item 1.01 item 2.03 item 5.02 item 8.01

Executive movements

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Appointed

Sarah Schwarzschild

Chief Operating Officer

TPTA · Terra Property Trust, Inc.

Effective: 2024-02-27
Filed: March 13, 2024, 7:59 PM ET

on February 27, 2024, the Board of Directors of the Company appointed Sarah Schwarzschild to serve as the Company’s Chief Operating Officer, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Sarah Schwarzschild was appointed as Chief Operating Officer at Terra Property Trust, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

on February 27, 2024, the Board of Directors of the Company appointed Sarah Schwarzschild to serve as the Company’s Chief Operating Officer, effective immediately.

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Terra Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-033926

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