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Terra Property Trust plans to sell $40 million of $25-par notes
By Rebecca Melvin
Concord, N.H., June 2 – Terra Property Trust Inc. plans to price $40 million of $25-par notes, for which proceeds will be used to make investments and for general corporate purposes, according to a company news release and a registration statement filed with the Securities and Exchange Commission.
Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., Incapital LLC and William Blair & Co. LLC are acting as joint bookrunning managers of the registered offering.
Interest will be payable quarterly.
The notes are expected to be listed on the New York Stock Exchange under the symbol “TPTA.”
The real estate investment manager is based in New York City.
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