TPG RE Finance Trust, Inc. Prices $1.0 Billion Commercial Real Estate CLO
TPG RE Finance Trust, Inc. (TRTX)
Last tpg re finance trust, inc. earnings: 2/18 08:28 pm
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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”) announced today that the Company priced TRTX 2018-FL2, a $1.0 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO"). The Company placed $795.1 million of investment grade bonds with institutional investors, providing TRTX with matched-term financing on a non-mark-to-market and non-recourse basis. The CRE CLO features a two-year reinvestment period, an advance rate of 79.5%, and a weighted average interest rate at issuance of LIBOR plus 1.45%, before transaction costs. The transaction is expected to close on November 29, 2018 and is subject to customary closing conditions. Goldman Sachs & Co. LLC acted as sole structuring agent, co-lead manager and joint bookrunner. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC acted as co-lead managers and joint bookrun
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News
- TPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Dates [Yahoo! Finance]Yahoo! Finance
- TPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call DatesBusiness Wire
- Three REITs With New Downgrades This Week [Yahoo! Finance]Yahoo! Finance
- TPG RE Finance Trust, Inc. (NYSE: TRTX) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating. They now have a $8.50 price target on the stock.MarketBeat
- TPG RE Finance Trust, Inc. (NYSE: TRTX) had its price target raised by analysts at JPMorgan Chase & Co. from $7.00 to $7.50. They now have a "neutral" rating on the stock.MarketBeat
TRTX
Earnings
- 2/20/24 - Beat
TRTX
Sec Filings
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- TRTX's page on the SEC website