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TPG RE Finance Trust, Inc. Announces Closing of New $400 Million Senior Secured Term Loan B and $100 Million Revolving Credit Facility

  • TPG RE Finance Trust, Inc. closed a $400 million Term Loan B due in 2033 & a $100 million Revolving Credit Facility due in 2031.
  • The company intends to use net proceeds to repay outstanding indebtedness, partially fund the redemption of its TRTX 2022-FL5 CLO, or for general corporate purposes.
  • The Term Loan B priced at 99.75% carries interest at Term SOFR plus 275 basis points.
  • The Revolving Credit Facility bears interest at Term SOFR plus 200 basis points.
  • CEO Doug Bouquard stated the financing expands the company's diversified liability structure.
  • TRTX is a commercial real estate finance company externally managed by TPG RE Finance Trust Management, L.P., part of TPG Inc.