09:44 AM EDT, 10/27/2025 (MT Newswires) -- TPG RE Finance Trust ( TRTX ) said Monday that it priced a $1.1 billion managed commercial real estate collateralized loan obligation.

The commercial real estate finance company said it expects about $957 million of investment grade securities to be placed with institutional investors. TPG said the CLO will provide it with term financing on a non-mark-to-market, non-recourse basis.

The CLO, which is expected to close Nov. 17, includes a 30-month reinvestment period, an advance rate of 87%, and a weighted average interest rate at issuance of Term SOFR plus 1.67%, before transaction costs, the company said. It also said that in connection with the CLO, it expects to redeem a commercial real estate CLO that has approximately $411.5 million of outstanding investment grade securities.

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