Terra Property Trust, Inc. Announces Offering of Notes - WIRE.RealEstate

Terra Property Trust, Inc. Announces Offering of Notes

Jun 9, 2021 2:12 PM ET

Terra Property Trust, Inc. (the “Company”) announced the commencement of a registered public offering of $40 million in aggregate principal amount of its notes (the “Notes”). The Company expects to use the net proceeds from this offering to make investments in its targeted investments in accordance with its investment objectives and strategies and for general corporate purposes.

The Notes are expected to be listed on the New York Stock Exchange under the symbol “TPTA” and to trade thereon within 30 days of the original issue date.

The Notes have been rated “BBB-“* by Egan-Jones Ratings Company (“Egan-Jones”).

Egan-Jones is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA).

Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., Incapital LLC, and William Blair & Company L.L.C. are acting as joint book-running managers. Investors are advised to consider carefully the investment objective, risks and charges and expenses of the Company before investing.

Alston & Bird LLP acted as legal counsel to the Company, and Blank Rome LLP acted as legal counsel to the underwriters.

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to the Notes has been filed with the U.S. Securities and Exchange Commission (the “SEC”), but has not yet become effective. The Notes may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the Notes referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Terra Property Trust, Inc.

Terra Property Trust, Inc. is an externally managed, real estate credit focused company that originates, structures, funds and manages commercial real estate credit investments, including mezzanine loans, first mortgage loans, subordinated mortgage loans and preferred equity investments throughout the United States. The Company’s objective is to continue to provide attractive risk-adjusted returns to its stockholders, primarily through regular distributions. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016.  The Company is externally advised by Terra REIT Advisors, LLC (the “Manager”), an affiliate of Terra Capital Partners.  

See Campaign: https://www.tcp-us.com
Contact Information:
Jonathan Keehner / Julie Hamilton Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449

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