NEW YORK, March 27, 2026 (GLOBE NEWSWIRE) -- Terra Property Trust, Inc. (the “Company”) announced today the results of its previously announced exchange offers and consent solicitation (the “Exchange Offers”). The Company offered to exchange all validly tendered (i) unsecured 6.00% Senior Notes due June 30, 2026, issued by the Company (the “TPT Notes”) and (ii) unsecured 7.00% Senior Notes due March 31, 2026, issued by Terra Income Fund 6, LLC (“TIF6”), the Company’s wholly owned subsidiary (the “TIF6 Notes ...

The Consent Solicitation is being made solely on the terms and subject to the conditions set forth in the consent solicitation statement dated March 5, 2026, as supplemented by the first supplement thereto dated March 16, 2026, and as further supplemented by the second supplement thereto dated March 19, 2026, as amended by this announcement (the "Consent Solicitation Statement"). Holders of the 2028 Notes are referred to the Consent Solicitation Statement for the detailed terms and conditions of the Consent ...

Core Viewpoint - AES Corporation has successfully received the necessary consents for its 5.800% Senior Notes due 2032 and is amending and extending consent solicitations for its other notes in connection with a merger agreement with Horizon Parent, L.P. [1][8] Summary by Sections 2032 Notes Consent Solicitation - The consent solicitation for the 2032 Notes expired on March 18, 2026, at 5:00 p.m. New York City time [2] - A supplemental indenture was executed on March 18, 2026, to amend the indenture governing the 2032 Notes, effective upon the consummation of the merger and payment of the consent fee [3] - Holders who delivered valid consents are eligible for a consent fee of $2.50 per $1,000 of the 2032 Notes [4] Revised Consent Solicitations - AES is amending and extending consent solicitations for its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030, and 2.450% Senior Notes due 2031 [5] - The expiration time for these revised solicitations has been extended to March 24, 2026 [5] - The consent fee structure has been modified, with potential fees ranging from $2.50 to approximately $5.00 per $1,000 depending on the level of consents received [7] Merger Agreement Context - The consent solicitations are part of the merger agreement dated March 1, 2026, where Horizon Merger Sub, Inc. will merge with AES [8] - If the merger is not completed, no consent payments will be made, and the current terms of the notes will remain in effect [9] - Consent payments are expected to occur concurrently with the merger, anticipated in late 2026 or early 2027 [9] Additional Information - Holders who previously consented do not need to take further action to receive the modified consent fee [10] - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [11]

Core Viewpoint - DPL LLC is amending and extending its consent solicitation for its 4.35% Senior Notes due 2029, increasing the consent fee and extending the expiration time for the solicitation [1][3]. Group 1: Consent Solicitation Details - The expiration time for the consent solicitation has been extended to 5:00 p.m. New York City time on March 18, 2026 [3]. - The consent fee for holders who grant consents has been increased from $1.00 to $2.50 per $1,000 principal amount of Notes [3][4]. - The payment of the increased consent fee is contingent upon obtaining consent from a majority of the aggregate principal amount of Notes outstanding and the consummation of a merger expected in late 2026 or early 2027 [4]. Group 2: Holder Information - Holders who have previously granted consents do not need to take further action to receive the increased consent fee [5]. - Detailed terms and conditions of the consent solicitation can be found in the consent solicitation statement [5]. Group 3: Company Background - DPL LLC is a regional energy provider and part of AES Corporation, serving over 541,000 customers in West Central Ohio [8]. - The primary subsidiaries of DPL include The Dayton Power and Light Company and Miami Valley Insurance Company [8].

Core Viewpoint - AES Corporation is amending and extending its consent solicitations for various series of senior notes to adopt proposed amendments to the indentures governing these notes [1][2]. Summary by Sections Consent Solicitations - AES has extended the expiration time for its consent solicitations to March 18, 2026, at 5:00 p.m. New York City time [2]. - The consent fee for holders who grant consents has increased from $1.00 to $2.50 per $1,000 principal amount of notes [2]. - The definition of "Permitted Holders" in the proposed amendments has been revised [2]. Conditions and Payment - Payment of the increased consent fee is contingent upon obtaining consent from a majority of the aggregate principal amount of the applicable series of notes and the consummation of a merger [3]. - The increased consent fee is expected to be paid concurrently with the merger's consummation, anticipated in late 2026 or early 2027 [3]. Holder Actions - Holders who have already granted consents do not need to take further action to receive the increased consent fee [4]. Agents Involved - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [5].

Core Viewpoint - Bombardier Inc. has initiated consent solicitations for its 7.450% Notes due 2034 and 7.35% Debentures due 2026 to amend the indentures governing these Notes to include a permitted lien basket provision [1] Group 1: Consent Solicitations Details - The consent solicitations are for two series of Notes: 7.35% Debentures due 2026 with an outstanding principal of Cdn$150 million and 7.450% Notes due 2034 with an outstanding principal of US$510 million [2] - The consent payment for the Canadian Notes is Cdn$1.00 per Cdn$1,000 principal amount, and for the US Notes, it is US$2.50 per US$1,000 principal amount [3] - The deadlines for submitting consents are March 20, 2026, for the US Notes and March 27, 2026, for the Canadian Notes [3] Group 2: Consent Requirements - For the US Notes, consents from holders representing a majority of the outstanding principal amount are required, while for the Canadian Notes, consents from holders representing 66 2/3% are necessary [4] - If the requisite consents are received before the deadlines, Bombardier will make the consent payments to those who validly deliver their consent [4] Group 3: Record Date and Agents - The Record Date for determining holders entitled to give consents is March 13, 2026 [4] - Global Bondholder Services Corporation is acting as the U.S. Information and Tabulation Agent, while Kingsdale Advisors is the Canadian Information and Tabulation Agent for the consent solicitations [5] Group 4: Contact Information - For further information regarding the consent solicitations, holders can contact Global Bondholder Services Corporation or Kingsdale Advisors [5]

Core Viewpoint - Terra Property Trust, Inc. is conducting exchange offers for its existing unsecured senior notes to improve its financial position by offering newly issued secured notes with better terms [1][4]. Group 1: Exchange Offers - The company filed a registration statement for exchange offers to swap its unsecured 6.00% and 7.00% Senior Notes for newly issued 7.00% Senior Secured Notes due in 2029 [1]. - Each $25 principal amount of existing notes will be exchanged for $25 principal amount of the new secured notes, which will be backed by a first lien pledge in the equity interests of certain subsidiaries [1]. - As of March 12, 2026, only 3.80% of the TPT Notes and 0.37% of the TIF6 Notes have been tendered in connection with the exchange offers [4]. Group 2: Financial Position - TIF6 has an outstanding principal balance of approximately $38.4 million and cash equivalents of $0.4 million as of December 31, 2025 [3]. - The company owes TIF6 approximately $48.1 million under a promissory note due on March 31, 2027, and has no obligation to lend further to TIF6 for repayment of the TIF6 Notes [3]. - The company has an outstanding principal balance of approximately $80.4 million for the TPT Notes and cash equivalents of approximately $33.2 million as of December 31, 2025 [3]. Group 3: Strategic Actions - The company has engaged Portage Point Partners, LLC as restructuring banker and Alston & Bird LLP as restructuring counsel to explore strategic alternatives, including restructuring options [5]. - Ladenburg Thalmann & Co. Inc. is serving as Dealer Manager for the exchange offers, indicating a structured approach to managing the existing notes [5]. - The company is evaluating all options regarding the existing notes while adhering to its fiduciary duties [5]. Group 4: Company Overview - Terra Property Trust, Inc. is an externally managed real estate investment trust that focuses on loans and assets secured by commercial real estate across the U.S. [6]. - The company's objective is to provide attractive risk-adjusted returns primarily through high current income and potential capital appreciation [6].

Core Viewpoint - DPL LLC has extended the expiration time for its consent solicitation regarding its 4.35% Senior Notes due 2029 to 5:00 p.m. on March 13, 2026, maintaining the original terms of the solicitation [1][2]. Group 1: Consent Solicitation Details - The expiration time for the consent solicitation was initially set for March 11, 2026, and has now been extended without any changes to the terms [1]. - Holders of the Notes who have already delivered valid consents do not need to take further action due to this extension [1]. - The consent solicitation is being conducted according to the terms outlined in the consent solicitation statement dated March 5, 2026, which remains unchanged except for the expiration time [1]. Group 2: Company Background - DPL LLC is a regional energy provider and part of the AES Corporation, with primary subsidiaries including The Dayton Power and Light Company and Miami Valley Insurance Company [1]. - The Dayton Power and Light Company serves over 541,000 customers across a 6,000-square-mile area in West Central Ohio [1]. - AES Corporation is a Fortune 500 global energy company focused on delivering innovative energy solutions [1].

Core Viewpoint - DPL LLC has initiated a consent solicitation to amend the indenture governing its 4.35% Senior Notes due 2029, in connection with a merger agreement involving its parent company, AES Corporation, and an investor consortium led by Global Infrastructure Partners and EQT [1][2]. Group 1: Consent Solicitation Details - The consent solicitation aims to amend the indenture to clarify that the upcoming merger will not constitute a "Change of Control" and to define affiliates of GIP and EQT as "Permitted Holders" [1]. - DPL is offering a consent fee of $1.00 per $1,000 in principal amount of the Notes for holders who validly deliver their consents before the expiration time [1][2]. - The consent solicitation will expire on March 11, 2026, and holders of record as of February 27, 2026, are eligible to participate [1][2]. Group 2: Merger Agreement Context - The merger agreement involves AES merging with Horizon Merger Sub, a subsidiary of an investor consortium, with AES surviving the merger [1]. - The consummation of the merger is not contingent upon the consent solicitation or the proposed amendments becoming operative [1]. - The merger is expected to close in late 2026 or early 2027, and the consent fee will be paid concurrently with the merger's consummation [1][2]. Group 3: Company Background - DPL LLC is a regional energy provider and a subsidiary of AES Corporation, serving over 541,000 customers in West Central Ohio [2]. - AES Corporation is a Fortune 500 global energy company focused on delivering innovative energy solutions [2]. - Global Infrastructure Partners manages over $193 billion in assets, specializing in infrastructure investments, while EQT has €270 billion in total assets under management [2].

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].