TPG RE Finance Trust closes TRTX 2026-FL8 CLO, issues $600 million Class A notes due 2044
TRTX•TPG RE Finance Trust closed its TRTX 2026-FL8 CLO on Oct. 2, 2026, co-issuing $873.75 million of notes due 2044, including $600 million of Class A notes. Proceeds funded about $1 billion of commercial real estate loan collateral, repaid warehouse financing and funded an interest reserve.
1. CLO closing
TPG RE Finance Trust closed its TRTX 2026-FL8 CLO through Cayman and Delaware issuing subsidiaries. The co-issued notes totaled $873.75 million and included $600 million of Class A Senior Secured Floating Rate Notes, all due in 2044.
2. Collateral and terms
Proceeds funded about $1 billion of commercial real estate loan collateral, repaid pre-closing warehouse financing and funded an interest reserve. The collateral comprised three whole loans and 17 participation interests, representing about 23.1% of the loan portfolio as of June 30, 2026. Interest is payable monthly from October 2026, and the structure includes a 30-month reinvestment period and note protection tests.
