Terra Property Trust, Inc. Commences Registered Exchange Offers and Consent Solicitation

Core Viewpoint - Terra Property Trust, Inc. has initiated Exchange Offers to exchange its existing notes for newly issued senior secured notes with a higher interest rate, aiming to improve its financial structure and reduce restrictive covenants [1][2]. Group 1: Exchange Offers - The Company is offering to exchange its outstanding 6.00% Notes and 7.00% Notes for newly issued 9.75% Senior Secured Notes due 2029 [1]. - The Exchange Offers commenced on February 13, 2026, and will expire on March 16, 2026, unless extended or terminated [7]. - The consideration for the exchange is set at $25.00 per $25.00 principal amount of Existing Notes validly tendered [5]. Group 2: Consent Solicitation - The Company is soliciting consents from holders of the TPTA Notes to approve amendments that would eliminate most restrictive covenants and certain reporting obligations [2]. - The Proposed Amendments will apply to all TPTA Notes that remain outstanding after the Exchange Offers [2]. - A majority consent from TPTA Notes holders is required for the amendments to be adopted [3]. Group 3: New Notes Details - The newly issued Exchange Notes will bear an interest rate of 9.75% per annum and will mature on March 31, 2029 [6]. - Interest on the Exchange Notes will be payable monthly, starting April 30, 2026 [6]. - The Exchange Notes will be secured by perfected liens granted by the Company in certain collateral [6]. Group 4: Company Overview - Terra Property Trust, Inc. is a real estate investment trust that invests in loans and assets secured by commercial real estate across the U.S. [9]. - The Company's objective is to provide attractive risk-adjusted returns primarily through high current income and potential capital appreciation [9].