Terra Property Trust priced their previously announced baby bonds.
The issue prices at 6.00% for 3.14 millions shares (bonds) with another 460,000 for over allotment.
The pricing term sheet can be read here.
Skip to content
11/23/2024
Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!
Click Here to Donate
No traded equity apparently. Some background stuff on Terra. Looks like the notes support a roll-up of several private partnerships to facilitate the sale of the manager by Bruce Batkin, former CEO. https://www.linkedin.com/in/bruce-batkin-2a698b8/
https://www.sec.gov/Archives/edgar/data/1639928/000110465920034174/tm2011783d9_sc13d.htm
https://securities.portal.conduent.com/Terra/rep/FundPortfolio/TPT_Portfolio_051520p2.pdf
Properties look OK, but Terra is a pig in a poke to me.