Announced
Financials
Tags
Diversified Financials
Domestic
Majority
Friendly
Acquisition
specialty finance
real estate investment
Public
Pending
United States
Single Bidder
Synopsis
Terra Property Trust, a real estate credit-focused company, agreed to merge with Terra Income Fund 6, an externally managed, specialty finance company that invests primarily in commercial real estate loans, preferred equity real estate investments and select commercial real estate-related debt securities of private companies, in a $350m deal. The merger is expected to close during the third quarter of 2022, subject to approval by the stockholders of Terra BDC and other customary closing conditions.
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