---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-042189"
form_type: "8-K"
ticker: null
cik: "0001913724"
company_name: "TPG Twin Brook Capital Income Fund"
filed_at: "2026-06-10T20:08:59+00:00"
generated_at: "2026-06-10T20:10:11.896399+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TPG Twin Brook issues $225M Series D notes in private placement (6.67%/7.03% coupons)

## Summary
- $225M aggregate: $50M Tranche A at 6.67% due 2029, $175M Tranche B at 7.03% due 2031.
- Issued to qualified institutional investors in private placement; guaranteed by subsidiary Twin Brook Capital Funding XXXIII LLC.
- Notes unsecured, rank pari passu; covenants include min shareholders' equity $1.25B+25% of net equity proceeds after Oct 2025.
- Interest payable semiannually; optional redemption at par plus make-whole; change-in-control prepayment obligation.
- Rating event triggers: 1% step-up on Below Investment Grade, 1.5% on Secured Debt Ratio, 2% if both.

## SEC filing metadata
- accession: 0001628280-26-042189
- form_type: 8-K
- cik: 0001913724
- company_name: TPG Twin Brook Capital Income Fund
- filed_at: 2026-06-10T20:08:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1913724/000162828026042189/0001628280-26-042189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1913724/000162828026042189/agci-20260604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-042189
- JSON: https://secwatch.observer/filing/0001628280-26-042189.json
- Plain text: https://secwatch.observer/filing/0001628280-26-042189.txt

## Key facts
- Debt Financings
  TPG Twin Brook Capital Income Fund incurred senior notes of $225,000,000 aggregate principal amount with qualified institutional investors at 6.67% per annum for Tranche A and 7.03% per annum for Tranche B maturing June 4, 2029 for Tranche A and June 4, 2031 for Tranche B.
  - Instrument: senior notes
  - Principal: $225,000,000 aggregate principal amount
  - Counterparty: qualified institutional investors
  - Rate: 6.67% per annum for Tranche A and 7.03% per annum for Tranche B
  - Maturity: June 4, 2029 for Tranche A and June 4, 2031 for Tranche B
  - Event: incurrence
  source text: On June 4, 2026, TPG Twin Brook Capital Income Fund, a Delaware statutory trust (the “Company”), entered into a Third Supplement (the “Third Supplement”), to the Master Note Purchase Agreement dated as of March 19, 2024 (the “Note Purchase Agreement”), governing the issuance of $225,000,000 aggregate principal amount of Series D Notes consisting of (i) $50,000,000 aggregate principal amount of 6.67% Series D Senior Notes, Tranche A, due June 4, 2029 (the “Tranche A Notes”), and (ii) $175,000,000 aggregate principal amount of 7.03% Series D Senior Notes, Tranche B, due June 4, 2031 (the “Tranche B Notes,” together with the Tranche A Notes, the “Series D Notes”), to qualified institutional investors in a private placement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913724/000162828026042189/0001628280-26-042189-index.htm
- Material Agreements
  TPG Twin Brook Capital Income Fund amended Third Supplement to Master Note Purchase Agreement with qualified institutional investors valued at $225,000,000 aggregate principal amount (effective 2026-06-04).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: qualified institutional investors
  - Value: $225,000,000 aggregate principal amount
  - Effective: 2026-06-04
  source text: On June 4, 2026, TPG Twin Brook Capital Income Fund, a Delaware statutory trust (the “Company”), entered into a Third Supplement (the “Third Supplement”), to the Master Note Purchase Agreement dated as of March 19, 2024 (the “Note Purchase Agreement”), governing the issuance of $225,000,000 aggregate principal amount of Series D Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1913724/000162828026042189/0001628280-26-042189-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.