TPG RE Finance Trust prices $1 billion commercial real estate CLO

TPG RE Finance Trust, Inc. (NYSE: TRTX) has priced TRTX 2026-FL8, a $1.0 billion managed commercial real estate collateralized loan obligation, according to a press release from the company.

The company expects approximately $820.0 million of investment grade securities to be placed with institutional investors. The financing is structured on a non-mark-to-market, non-recourse basis and includes a 30-month reinvestment period. The weighted average interest rate at issuance is Term SOFR plus 1.43%, before transaction costs.

TRTX 2026-FL8 is expected to close on or around October 2, 2026, subject to customary closing conditions.

Wells Fargo Securities, LLC is acting as sole structuring agent, co-lead manager, and joint bookrunner. Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are serving as co-lead managers and joint bookrunners. BofA Securities, Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., Raymond James & Associates, Inc., and TPG Capital BD, LLC are acting as co-managers.

TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties in the United States. The company is externally managed by TPG RE Finance Trust Management, L.P., part of TPG Real Estate, the real estate investment platform of TPG Inc. (NASDAQ: TPG).

You May Also Be Interested In

• US Financial 15 Split Corp. declares $0.07883 monthly preferred dividend
• Janus Henderson names two senior equity portfolio managers
• Corpay agrees to $100M FTC settlement over marketing practices