{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-002583","form_type":"8-K","ticker":"TPTA","cik":"0001674356","company_name":"Terra Property Trust, Inc.","filed_at":"2026-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.852979+00:00","generated_at":"2026-05-16T10:53:29.393868+00:00","sec_items":["2.02","7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"medium","headline":"Terra Property Trust reports debt reduction to ~$186M as of Dec 31, 2025","bullets":["Total debt reduced from $439M (Dec 2022) to ~$186M (Dec 2025), down over 12 quarters.","Promissory notes of $28.9M fully repaid in Nov. 2025 after borrower refinancing provided $39M.","Cash and cash equivalents of $33.0M as of Dec. 31, 2025.","Estimated debt-to-equity ratio 1.15-1.25x; net debt-to-equity 0.95-1.05x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-002583","json":"https://secwatch.observer/filing/0001104659-26-002583.json","markdown":"https://secwatch.observer/filing/0001104659-26-002583.md","text":"https://secwatch.observer/filing/0001104659-26-002583.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674356/000110465926002583/0001104659-26-002583-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674356/000110465926002583/tm262775d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:53:29.393868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}