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TPG RE Finance Trust, Inc. closed a $1.1 billion commercial real estate CLO with $957 million of investment-grade securities placed with institutional investors. The CLO includes a 30-month reinvestment period, an advance rate of 87%, and a weighted average interest rate of Term SOFR plus 1.67%. The issuance is expected to produce net cash proceeds of $58.5 million for investment and corporate purposes.

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