debt
confidence high
sentiment neutral
materiality 0.60
TPG RE Finance Trust closes $1.03B CLO (TRTX 2025-FL6) on $1.1B loan pool
TPG RE Finance Trust, Inc.
- Nine classes of notes issued totaling ~$1.03B; Class A $616M at 1.537% over benchmark, ratings AAAsf/Aaa(sf).
- Proceeds used to purchase 19 CRE loans/participations (aggregate $1.1B), repay warehouse lines, and fund delayed collateral.
- Collateral pool equals 33.5% of the company's loan portfolio as of Dec 31, 2024.
- Manager TPG RE Finance Trust Management waived collateral management fee; 30-month reinvestment period.
- Press release issued March 31, 2025; notes mature September 2042 unless redeemed earlier.