Terra Property Trust extends exchange offer to June 25; projects cash inflows of $47.1M vs outflows up to $51.9M

Terra Property Trust, Inc.

Exchange offer for 6.00% Senior Notes due June 30, 2026 extended to June 25, 2026; new terms include 11.00% rate, first-lien collateral, shorter maturity.
Cash flow projections (Apr-Sep 2026): $47.1M inflows vs $51.9M outflows (65.7% participation) or $37.9M outflows (full participation).
June cash payments on Existing Notes: $27.7M (partial) or $13.6M (full); $13.3M secured borrowing repayment due Sept.
Anticipated $31.6M from multifamily equity monetization in Sept; $6M distributions from equity/preferred equity expected May-June.

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