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Terra Property Trust, Inc. (NYSE:TPTA) reported Thursday that it intends to repay its 6.00% Senior Notes due June 30, 2026, as well as the 7.00% Senior Notes due March 31, 2026, issued by its wholly owned subsidiary, Terra Income Fund 6, LLC. The company stated that these repayments will be funded through a combination of ordinary loan repayments, asset sales and distributions, and other debt or equity capital sources or facilities.
According to a statement in the press release, Terra Property Trust management discussed with potential investors and capital sources the company’s efforts to strengthen its balance sheet. The company noted that in response to challenges in the commercial real estate market and higher interest rates, it has adopted a more conservative financing strategy, using lower leverage compared to the broader mortgage REIT sector.
Over the last three fiscal years through September 30, 2025, Terra Property Trust reported repayment of approximately $200 million in various financing obligations.
The company’s 6.00% Notes due 2026 are listed on the New York Stock Exchange under the ticker NYSE:TPTA.
This information is based on a statement in a press release filed with the Securities and Exchange Commission.
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