Bonus for early redemption. If called on or after 1/31/2022 and prior to 1/31/2023 the redemption is $25.75 plus accrued and unpaid interest. If called on or after 1/31/2023 and prior to 1/31/2024 the redemption is at $25.50 plus accrued and unpaid interest. If called on or after 1/31/2024 but before 1/31/2025 the call is at $25.25 plus accrued but unpaid interest. After 1/31/2025 standard terms apply
The Terra Income Fund is a non-traded BDC–there is no parent company that is publicly traded. They are taxed as a REIT
Notes are rated BBB by Egan Jones
So long as no event of default with respect to the Notes has occurred and is continuing, we have the right, on one or more occasions, to defer the payment of interest on the Notes for one or more consecutive interest periods for up to five years as described in “Description of the Notes—Option to Defer Interest Payments” in this prospectus supplement. We may not defer interest beyond the maturity date, any earlier accelerated maturity date arising from an event of default or any other earlier redemption of the Notes. During a deferral period, interest will continue to accrue on the Notes at the then-applicable rate of the Notes described above and deferred interest on the Notes will bear additional interest at the then-applicable interest rate of the Notes, compounded on each interest payment date, subject to applicable law. If we have paid all deferred interest (including compounded interest thereon) on the Notes, we can again defer interest payments on the Notes as described above.
Acquired by United Rentals
We may defer interest payments on the Notes on one or more occasions for up to 20 consecutive quarterly periods per deferral period as described in this prospectus supplement. Deferred interest payments will accrue additional interest at a rate equal to the interest rate then applicable to the Notes, compounded quarterly, to the extent permitted by applicable law.
