Trinity Place Holdings Inc. Completes Recapitalization Transactions
Trinity Place Holdings Inc. (TPHS)
NASDAQ:AMEX Investor Relations:
trinityplaceholdings.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Trinity Place Holdings Inc. (NYSE American: TPHS) (the “Company”) announced that on February 14, 2024 the Company closed its previously announced recapitalization transactions. In connection with these transactions, the maturity date of each of the mortgage loan agreement and mezzanine loan agreement for the 77 Greenwich property was extended to October 23, 2025 with an option to extend for an additional year. At the closing, the lender under the Company’s corporate credit facility purchased 25,112,245 shares of common stock of the Company and the maturity date of the Company’s corporate credit facility was extended to June 30, 2026. In addition, an affiliate of the lender acquired a 5% interest in and became the manager of the joint venture that holds the Company’s real estate assets and related liabilities, including the corporate credit facility, with the Company retaining a 95% interest in the joint venture, in addition to substantial federal, state
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TPHS
Sec Filings
- 5/6/24 - Form 4/A
- 5/2/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- TPHS's page on the SEC website