Financing ·
TPG RE Finance Trust closes $1B CLO with Class A notes rated AAA
TRTXTPG RE Finance Trust, Inc.
On October 2, 2026, TPG RE Finance Trust completed the TRTX 2026-FL8 collateralized loan obligation, issuing approximately $970 million in senior secured floating rate notes due March 2044. The transaction includes $600 million of Class A notes rated AAA by Fitch and DBRS, alongside subordinate tranches ranging from AA to B ratings. Proceeds were used to purchase commercial real estate whole loans and participation interests with an aggregate principal balance of approximately $1 billion, while also repaying pre-closing warehouse financing. The company operates in the commercial real estate finance sector.