# EDGAR Filing Document

**Accession Number:** 0001837671
**File Stem:** 0001837671-25-000053
**Filing Date:** 2025-9
**Character Count:** 13030
**Document Hash:** b0981ac233e86dd93a08a45932e73d6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001837671-25-000053.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001837671-25-000053

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250908

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250908

**DATE AS OF CHANGE**: 20250908

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Copper Property CTL Pass Through Trust
- **CENTRAL INDEX KEY:** 0001837671
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56236
- **FILM NUMBER:** 251299700

**BUSINESS ADDRESS:**
- **STREET 1:** 6501 LEGACY DRIVE
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 972-243-1100

**MAIL ADDRESS:**
- **STREET 1:** 6501 LEGACY DRIVE
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

?xml version='1.0' encoding='ASCII'? cpt-20250908

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**SEPTEMBER 8, 2025**

Date of Report (date of earliest event reported)

**Copper Property CTL Pass Through Trust**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**New York** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**000-56236** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**85-6822811** |
| &nbsp;&nbsp;&nbsp;&nbsp;(State or other jurisdiction of incorporation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Commission File Number) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IRS Employer Identification No.) |

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| | |
|:---|:---|
| **3 Second Street, Suite 206** | |
| **Jersey City, NJ** | **07311-4056** |
| (Address of Principal Executive Offices) | (Zip Code) |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(201) 839-2200**

Registrant's telephone number, including area code

**Not Applicable**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>N/A</u> <u>N/A</u> <u>N/A</u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01. Entry into a Material Definitive Agreement.**

*Purchase and Sale Agreement Amendment*

On September 8, 2025, Copper Property CTL Pass Through Trust, through its subsidiaries (the "Trust") and an affiliate of Onyx Partners, Ltd. of Boston, MA (the "Buyer"), entered into a Second Amendment to its Purchase and Sale Agreement (as amended, the "Agreement") for the sale of the Trust's portfolio of remaining properties (collectively, the "Properties").

The Amendment extended the scheduled closing date to October 8, 2025, which may be further extended under certain specified circumstances. While the Trust strongly believes that all conditions for closing as required by the Agreement will be satisfied, the Amendment was entered into to allow sufficient time to complete all steps required for the closing.

On September 4, 2025, the Trust completed the sale of two properties in accordance with right of first refusals (ROFR) in favor of adjoining property owners. The total purchase price for the two properties was equal to the $12.4 million total amount allocated under the Agreement for those properties. Accordingly, an adjustment to the purchase price under the Agreement in the amount of $12.4 million was made to bring the total purchase price under the Agreement to $935 million in an all-cash transaction, subject to customary closing adjustments and prorations.

The Properties are subject to a long-term triple-net master lease with Penney Intermediate Holdings LLC or affiliates thereof. The Buyer has completed its due diligence, and its deposit under the Agreement is non-refundable.

The Trust intends to distribute the net proceeds to Certificateholders in accordance with the terms of the Trust Agreement following the consummation of the sale.

The Agreement provides certain limited termination rights on a property-by-property basis in connection with purchase rights in favor of ground lessors or purchase rights pursuant to reciprocal easement agreements, certain title defects, casualty events, or condemnation proceedings.

Due to various conditions to closing, the Trust cannot make any assurances that the disposition of the Properties is certain.

*Forward Looking Statements*

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed sale of properties, the expected timing of the transaction, and the anticipated distribution of proceeds. These statements are based on the Trust's current expectations, assumptions, estimates, and projections, and involve risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the Trust's filings with the SEC. The Trust undertakes no obligation to update any forward-looking statements, except as required by law.

**Item 8.01.&nbsp;&nbsp;&nbsp;&nbsp;Other Events.**

On September 8, 2025, the Trust issued a press release announcing that it entered into a Second Amendment to its Purchase and Sale Agreement, which extended the scheduled closing date to October 8, 2025.

A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

<u>(d)</u><u>Exhibits.</u>

**<u>Number</u>**

<u>[99.1](cptexhibit991aug25-2.htm)</u>&nbsp;&nbsp;&nbsp;&nbsp;Press Release, dated September 8, 2025.

\*Certain schedules and similar attachments have been omitted. The Company agrees to furnish a supplemental copy of any omitted schedule or attachment to the SEC upon request.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | COPPER PROPERTY CTL PASS THROUGH TRUST | COPPER PROPERTY CTL PASS THROUGH TRUST |
| | By: | /s/ Larry Finger |
| | | Larry Finger |
| | | Principal Financial Officer |
| Date: September 8, 2025 |  |  |

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## Exhibit 99.1

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| |
|:---|
| **Exhibit 99.1** |
| ![image_9.jpg](image_9.jpg) |

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**<u>FOR IMMEDIATE RELEASE</u>**

September 8, 2025

**Copper Property CTL Pass Through Trust Announces Purchase and Sale Agreement Amendment**

**Jersey City, New Jersey –** Copper Property CTL Pass Through Trust (the "Trust") announced today that on September 8, 2025, the Trust and an affiliate of Onyx Partners, Ltd. of Boston, MA (the "Buyer"), entered into a Second Amendment to its Purchase and Sale Agreement (as amended, the "Agreement") for the sale of the Trust's portfolio of remaining properties (collectively, the "Properties").

The Amendment extended the scheduled closing date to October 8, 2025, which may be further extended under certain specified circumstances. While the Trust strongly believes that all conditions for closing as required by the Agreement will be satisfied, the Amendment was entered into to allow sufficient time to complete all steps required for the closing.

On September 4, 2025, the Trust completed the sale of two properties in accordance with right of first refusals (ROFR) in favor of adjoining property owners. The total purchase price for the two properties was equal to the $12.4 million total amount allocated under the Agreement for those properties. Accordingly, an adjustment to the purchase price under the Agreement in the amount of $12.4 million was made to bring the total purchase price under the Agreement to $935 million in an all-cash transaction, subject to customary closing adjustments and prorations.

Additional information, including the Trust's Monthly and Quarterly Reports, as well as other filings with the SEC can be accessed via the Trust's website at www.ctltrust.net.

**About Copper Property CTL Pass Through Trust**

Copper Property CTL Pass Through Trust (the "Trust") was established to acquire 160 retail properties and 6 warehouse distribution centers (the "Properties") from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust's operations consist solely of owning, leasing and selling the Properties. The Trust's objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/.

**Forward Looking Statement**

This news release contains certain "forward-looking statements". All statements other than statements of historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "our vision," "plan," "potential," "preliminary," "predict," "should," "will," or "would" or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust's expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust's Registration Statement on Form 10 filed with the Securities and Exchange Commission (the "SEC"), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust's filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust's SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

<br>**CONTACT** <br>

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| | |
|:---|:---|
| **Larry Finger \| Principal Financial Officer**<br>Copper Property CTL Pass Through Trust<br>310-526-1707 \| <u>lfinger@ctltrust.net</u>  | **Jessica Cummins \| Sr VP Finance & Accounting**<br>Copper Property CTL Pass Through Trust<br>847-313-4755 \| <u>jcummins@hilcoglobal.com</u> |

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