# Debt

Debt offerings on TerraVest represent structured borrowing instruments with predictable income returns.\
They include fixed or floating coupon rates and scheduled principal repayments, offering no dilution for issuers.

***

#### What It Is

Borrowing with a **coupon + principal repayment schedule**.\
No dilution applies. May include **security, collateral, or covenants** such as DSCR, leverage limits, or minimum cash requirements.

***

#### Typical Terms (Per Deal)

* **Coupon:** Fixed or floating rate `[TBD %]`
* **Tenor:** `[TBD months]` (e.g., 6–24 months)
* **Repayment:** Bullet at maturity or amortizing over time
* **Security:** Secured/unsecured (describe collateral if applicable)
* **Covenants (if any):** DSCR ≥ \[x], leverage ≤ \[y], minimum cash \[z]

***

#### Distributions

* **Coupons:** Paid monthly or quarterly
* **Principal:** Bullet or amortizing according to schedule
* **Channel:** On-chain to investor wallets or off-chain via administrator
* **Proof:** Transaction hashes or statements provided as transparent evidence

> Exact coupon rates, durations, and covenant terms are disclosed per project in the term sheet.
