Terra Property Trust, Inc. (TPTA): debt financing — Terra Property Trust completes exchange of $25.6M in notes due 2026 for 7% secured notes due 2029

Terra Property Trust, Inc.

Exchanged $24.0M of its 6% notes due 2026 and $1.55M of TIF6 7% notes due 3/31/2026 for new 7% secured notes due 2029.
New notes aggregate $25.6M, secured by equity interests in 18 subsidiaries; interest 7% payable monthly.
Indenture limits dividends to 90% of taxable income and restricts additional debt unless collateral coverage ratio ≥1.35x.
Redemption price 101% before Dec 31, 2026; 100% after; no change-of-control put.
TIF6 repaid remaining TIF6 Notes outstanding balance on March 31, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Terra Property Trust, Inc. incurred senior notes of $25,578,000 with U.S. Bank Trust Company, National Association at 7.00% per annum maturing March 31, 2029.

Instrument: senior notes
Principal: $25,578,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.00% per annum
Maturity: March 31, 2029
Event: incurrence

Exact text from the filing

On March 30, 2026 (the "Issue Date"), the Company issued Exchange Notes with an aggregate principal balance of $25,578,000.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Terra Property Trust, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $25,578,000 (effective 2026-03-30).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $25,578,000
Effective: 2026-03-30

Exact text from the filing

On March 30, 2026 (the “Issue Date”), the Company issued Exchange Notes with an aggregate principal balance of $25,578,000. The Exchange Notes were issued pursuant to an Indenture (the “Indenture”), dated March 30, 2026, by and between the Company and U.S. Bank Trust Company, National Association, in its capacity as trustee and collateral agent

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Terra Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-038710

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