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Stock impact report

TPG RE Finance Trust, Inc. Closes $1.1 Billion Commercial Real Estate CLO [Yahoo! Finance]

TPG Inc. - Class A (TPG) 
Company Research Source: Yahoo! Finance
today that it closed 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 includes 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 TRTX 2025-FL7, the Company intends to redeem on November 18, 2025 TRTX 2021-FL4, a CRE CLO with approximately $411.5 million of investment grade securities outstanding. The issuance of TRTX 2025-FL7 and the subsequent redemption of TRTX 2021-FL4 are expected to produce net cash proceeds to the Company of approximately $58.5 million for investment and other corporate purposes. Goldman Sachs & Co. LLC acted as sole structuring agent, co-lead manager and joint bookrunner for TRTX 2025-FL7. W Show less Read more
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