secwatch.observer — SEC 8-K summary
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Issuer:     Terra Property Trust, Inc. (TPTA)
CIK:        0001674356
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001104659-24-076381
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Terra Property Trust amends credit facility with Western Alliance Bank, extends maturity to December 31, 2024
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- Extended the revolving credit facility maturity date to December 31, 2024 under the Sixth Amendment.
- Eliminated the ability to make additional revolving borrowings under the facility agreement.
- Decreased the minimum net worth covenant and introduced a minimum liquidity covenant for the Company.
- Established an interest reserve account and removed minimum profitability and maximum global leverage covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674356/000110465924076381/0001104659-24-076381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674356/000110465924076381/tm2418575d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-076381

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