---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-080408"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2026-07-02T21:00:46+00:00"
generated_at: "2026-07-02T21:02:08.076398+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Terra Property Trust completes exchange of 6% notes for 11% secured notes; obtains $25M term loan

## Summary
- Exchanged $36.2M of 6.00% Senior Notes due 2026 for $27.2M of new 11.00% Senior Secured Notes due 2027 plus cash.
- Repaid remaining outstanding principal of TPTA Notes on June 30, 2026.
- Borrowed $25M term loan from Strategic Yieldco LLC at 11.00% interest, maturing Dec 29, 2027, with 4% upfront fee.
- New notes mature July 1, 2027, interest payable monthly, redeemable at 102% under certain conditions.

## SEC filing metadata
- accession: 0001104659-26-080408
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2026-07-02T21:00:46+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465926080408/0001104659-26-080408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465926080408/tm2619604d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-080408
- JSON: https://secwatch.observer/filing/0001104659-26-080408.json
- Plain text: https://secwatch.observer/filing/0001104659-26-080408.txt

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