Terra Property Trust, Inc. completed an exchange offer on June 30, 2026, exchanging $36.2 million of 6.00% Senior Notes due 2026 for $27.2 million of new 11.00% Senior Secured Notes due July 1, 2027, and cash. The company also repaid the remaining principal of the 2026 notes. Additionally, on June 29, 2026, a subsidiary borrowed $25 million from Strategic Yieldco LLC at 11.00% interest maturing December 29, 2027, to fund the exchange and repayments. Terra Property Trust is a real estate investment trust that manages property and mortgage portfolios.
