---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-038710"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:51:25.180789+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Terra Property Trust completes exchange of $25.6M in notes due 2026 for 7% secured notes due 2029

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-038710
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465926038710/0001104659-26-038710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465926038710/tm269231d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-038710
- JSON: https://secwatch.observer/filing/0001104659-26-038710.json
- Plain text: https://secwatch.observer/filing/0001104659-26-038710.txt

## Source-grounded claims
- claim_id: b4ea9102df8dc781a814553470c764e29445766f
  claim: 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.
  evidence_excerpt: On March 30, 2026 (the "Issue Date"), the Company issued Exchange Notes with an aggregate principal balance of $25,578,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674356/000110465926038710/0001104659-26-038710-index.htm
- claim_id: 4d84f0c3bbe2082d847b1c522f97c97920d45356
  claim: Terra Property Trust, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $25,578,000 (effective 2026-03-30).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674356/000110465926038710/0001104659-26-038710-index.htm

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