NEW YORK, Feb. 3, 2021 /PRNewswire/ -- Terra Income Fund 6,
Inc. (the "Company") today announced that it has priced an
underwritten public offering of $34.75
million in aggregate principal amount of 7.00% unsecured
notes due 2026 (the "Notes"). The Notes will mature on
March 31, 2026, and may be redeemed in whole or in part at any
time or from time to time at the Company's option on or after
February 10, 2023. The Notes will bear interest at a rate of
7.00% per year payable quarterly on March
30, June 30, September 30 and December
30 of each year, beginning June
30, 2021. The Company has granted the underwriters an
option to purchase up to an additional $5.21
million in aggregate principal amount of notes. The offering
is expected to close on February 10,
2021, subject to customary closing conditions.
The Company expects to use the net proceeds from this offering
to make investments in its targeted investments in accordance with
its investment objectives and strategies and for general corporate
purposes.
The Notes are expected to be listed on the New York Stock
Exchange under the symbol "TFSA" and to trade thereon within 30
days of the original issue date.
Ladenburg Thalmann & Co. Inc., William Blair & Company L.L.C., and National
Securities Corporation, a wholly owned subsidiary of National
Holdings, Inc. (NASDAQ:NHLD) are acting as joint book-running
managers. Investors are advised to consider carefully the
investment objective, risks and charges and expenses of the Company
before investing.
Alston & Bird LLP acted as legal counsel to the Company, and
Blank Rome LLP acted as legal counsel to the underwriters.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of, the
Notes referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction. A registration
statement relating to these securities was filed and has been
declared effective by the Securities and Exchange Commission.
The offering will be made only by means of a prospectus.
Copies of the preliminary prospectus relating to the offering may
be obtained for free by visiting the SEC's website at www.sec.gov
or may be obtained from of any of the following investment banks:
Ladenburg Thalmann & Co. Inc., Attn: Syndicate Department, 640
5th Ave, 4th Floor New York, NY
10019, or by emailing prospectus@ladenburg.com (telephone
number 1-800-573-2541); William
Blair & Company, L.L.C., Attn: Preferred Syndicate
Department, the William Blair Building, 150 North Riverside Plaza,
Chicago, Illinois 60606 or by
emailing astout@williamblair.com (telephone number 312-364-8095);
or National Securities Corporation, Attn: Syndicate Department, 200
Vesey Street, 25th Floor New York,
NY 10281, or by emailing
prospectusrequest@nationalsecurities.com (telephone number
1-212-417-3634). The preliminary prospectus contains a
description of these matters and other important information about
the Company and should be read carefully before investing.
About Terra Income Fund 6, Inc.
Terra Income Fund 6,
Inc. is 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. The Company's primary
investment objectives are to pay attractive and stable cash
distributions and to preserve, protect and return capital
contributions to stockholders. The Company is a non-diversified,
closed-end management investment company that has elected to be
regulated as a business development company ("BDC") under the
Investment Company Act of 1940, as amended (the "1940 Act"), and to
be taxed as a real estate investment trust ("REIT") under the
Internal Revenue Code of 1986, as amended (the "Code"). The Company
is externally advised by Terra Income Advisors, LLC, an affiliate
of Terra Capital Partners.
Cautionary Notice Regarding Forward-Looking
Statements
This press release may contain forward-looking
statements within the meaning of the federal securities laws
because they relate to future events or the Company's future
performance or financial condition. All statements, other than
statements of historical facts, including, among others, statements
regarding the Company's intended use of proceeds from the offering
noted above, future financial position or operating results, future
distributions and dividends, and future performance, are
forward-looking statements. Those statements include statements
regarding the intent, belief, or current expectations of the
Company, as well as the assumptions on which such statements are
based, and generally are identified by the use of words such as
"may," "will," "seeks," "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "should," or similar expressions,
although not all forward-looking statements may contain such words.
Forward-looking statements are not guarantees of future events or
performance and involve risks and uncertainties that actual results
may differ materially from those contemplated by such
forward-looking statements. Many of these factors are beyond the
Company's abilities to control or predict. Such factors include,
but are not limited to, (i) the Company's future operating results;
(ii) the potential negative impacts of COVID-19 on the global
economy and the impacts of COVID-19 on the Company's financial
condition, results of operations, liquidity and capital resources
and business operations; (iii) actions that may be taken by
governmental authorities to contain the COVID-19 outbreak or to
treat its impact; (iv) the Company's business prospects and the
prospects of its portfolio companies; (v) the impact of the
investments that the Company expects to make; (vi) the ability of
the Company's portfolio companies to achieve their objectives;
(vii) the Company's current and expected financings and
investments; (viii) the adequacy of the Company's cash resources,
financing sources and working capital; (ix) the timing and amount
of cash flows, distributions and dividends, if any, from the
Company's portfolio companies; (x) the Company's contractual
arrangements and relationships with third parties; (xi) actual and
potential conflicts of interest with any of the following
affiliated entities: Terra Income Advisors, LLC, the Company's
investment adviser; Terra Capital Partners, LLC, the Company's
sponsor; Terra REIT Advisors, LLC, a subsidiary of the Company's
sponsor; Terra Fund Advisors, LLC, an affiliate of the Company's
sponsor; Terra Secured Income Fund, LLC; Terra Property Trust,
Inc.; Terra Property Trust 2, Inc.; Terra International Fund 3
REIT, LLC; Terra Capital Advisors, LLC; Terra Capital Advisors 2,
LLC; Terra Income Advisors 2, LLC; or any of their affiliates;
(xii) the dependence of the Company's future success on the general
economy and its effect on its investments; (xiii) the Company's use
of financial leverage; (xiv) the ability of the Company's advisor
to locate suitable investments for the Company and to monitor and
administer the Company's investments; (xv) the ability of the
Company's advisor or its affiliates to attract and retain highly
talented professionals; (xvi) the Company's ability to elect to be
taxed as, and maintain thereafter, its qualification as a REIT
under the Code and as a BDC under the 1940 Act; (xvii) the impact
on the Company's business of the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 and the rules and regulations
issued thereunder; (xviii) the effect of changes to tax legislation
and the Company's tax position; and (xix) the tax status of the
enterprises in which the Company invests. Additional information
concerning factors that could cause actual results to differ
materially from those forward-looking statements is contained from
time to time in the Company's filings with the SEC. The Company
refers you to the sections entitled "Risk Factors" and
"Special Note Regarding Forward-Looking Statements" contained in
the Company's registration statement on Form N-2 which relates to
this offering. Copies of each filing may be obtained from the
Company or the SEC.
Terra Media Contacts
Jonathan Keehner / Julie Hamilton
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
Filed Pursuant to 497(a)
File No. 333-251166
Rule 482ad
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SOURCE Terra Capital Partners