TPG Real Estate Finance Trust Closes $500M in New Financing With Term Loan B and Revolving Credit Facility

TPG RE Finance Trust, Inc. (NYSE: TRTX) has closed a $400 million senior secured Term Loan B and a $100 million revolving credit facility, the company announced May 14, 2026, bringing total new financing to $500 million.

The Term Loan B carries a maturity of 2033 and priced at 99.75% of par, bearing interest at Term SOFR plus 275 basis points. The revolving credit facility matures in 2031 and bears interest at Term SOFR plus 200 basis points.

Use of Proceeds and Debt Management

TPG RE Finance Trust said it intends to use net proceeds from the Term Loan B and revolving credit facility to repay outstanding indebtedness, including partially funding the redemption of its TRTX 2022-FL5 collateralized loan obligation, or for other general corporate purposes.

"We believe that the closing of this financing further expands our best in-class, diversified liability structure at an exciting moment for TRTX," said Doug Bouquard, Chief Executive Officer of TRTX.

About TPG RE Finance Trust

TPG RE Finance Trust is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset management firm TPG Inc. (NASDAQ: TPG).

Forward-looking statements in the company's announcement, including statements regarding the intended use of proceeds and the expansion of its liability structure, are subject to risks and uncertainties as described in TRTX's filings with the Securities and Exchange Commission.