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Stock impact report

TPG RE Finance Trust, Inc. Announces Public Offering of Common Stock

TPG RE Finance Trust, Inc. (TRTX) 
Last tpg re finance trust, inc. earnings: 2/18 08:28 pm Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/5388379
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced that it has commenced an underwritten public offering of 6,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of its common stock. The Company intends to use the net proceeds from the offering to originate or acquire loans secured by primarily institutional quality commercial properties, primarily first mortgage loans, and other investments involving commercial real estate that are consistent with the Company’s investment strategy. The Company may also use a portion of the net proceeds for working capital and other general corporate purposes, which may include, among others, the repayment of outstanding indebtedness under the Company’s secured revolving repurchase agreements, senior secured and secured c Show less Read more
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