TPG RE Finance Trust secures $500M credit facility to refinance debt, redeem CLO

Filed May 15, 2026 · Period ending May 14, 2026 · ~1 min read

Key Changes

• high

  Company closed $400M term loan (maturing 2033) and $100M revolving credit facility (maturing 2031) with Wells Fargo as agent. Proceeds will repay existing debt including partial redemption of TRTX 2022-FL5 CLO.

  Item 1.01 verify on EDGAR →
• high

  New debt carries strict covenants: max debt-to-assets 83.3%, minimum interest coverage 1.30x, and minimum liquidity of greater of $15M or 5% of recourse debt. Breach could trigger default.

  Item 1.01 verify on EDGAR →
• medium

  Term loan priced at SOFR plus 2.75% or Base Rate plus 1.75%. Secured by substantially all company assets on first-priority basis with subsidiary guarantees.

  Item 1.01 verify on EDGAR →