---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-033926"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:21:17.087669+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-033926
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465924033926/0001104659-24-033926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465924033926/tm248762-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-033926
- JSON: https://secwatch.observer/filing/0001104659-24-033926.json
- Plain text: https://secwatch.observer/filing/0001104659-24-033926.txt

## Key facts
- Executive change
  Sarah Schwarzschild was appointed as Chief Operating Officer at Terra Property Trust, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674356/000110465924033926/0001104659-24-033926-index.htm

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