TPG RE Finance Trust Inc. (NYSE: TRTX) closed a $400 million senior secured Term Loan B due in 2033 and a $100 million revolving credit facility due in 2031, according to a company statement.

The Term Loan B priced at 99.75% and bears interest at Term SOFR plus 275 basis points. The revolving credit facility bears interest at Term SOFR plus 200 basis points.

The company plans to use proceeds to repay outstanding debt, including partial funding for the redemption of its TRTX 2022-FL5 collateralized loan obligation, or for general corporate purposes.

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