Terra Property Trust — Real Estate Services M&A

Terra Property Trust, Inc. has completed the acquisition of Terra Property Trust, a real estate services other business in New York, for $105.8 million. The company is engaged in real estate services, including REIT-style financing and note exchange activity tied to its subsidiary Terra Income Fund 6, LLC. The restructuring supports real estate services M&A by converting unsecured 6.00% senior notes due June 30, 2026 and unsecured 7.00% senior notes due March 31, 2026 into newly issued 7.00% senior secured notes due 2029. Terra Property Trust acquisition and NY acquisitions also involve a consent solicitation for the TPT Notes, with exchange terms based on $25 principal amounts tendered. The company has hired restructuring advisors and filed an amended Form S-4 to facilitate the exchange offers and related consent process.