TPG RE Finance Trust Prices $1.1 Billion Commercial Real Estate CLO

Reuters
2025/11/18
TPG RE Finance Trust Prices $1.1 Billion Commercial Real Estate CLO

TPG RE Finance Trust, Inc. $(TRTX)$ has announced the closing of TRTX 2025-FL7, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO). The company placed approximately $957.0 million of investment grade securities with institutional investors, providing term financing on a non-mark-to-market, non-recourse basis. TRTX 2025-FL7 features a 30-month reinvestment period, an advance rate of 87.0%, and a weighted average interest rate at issuance of Term SOFR plus 1.67%, before transaction costs. In connection with this transaction, TRTX intends to redeem its previous CRE CLO, TRTX 2021-FL4, which has approximately $411.5 million of investment grade securities outstanding, on November 18, 2025. The issuance and redemption are expected to generate net cash proceeds of about $58.5 million for the company's investment and other corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TPG RE Finance Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251117973086) on November 17, 2025, and is solely responsible for the information contained therein.

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