TPG RE Finance expands senior secured credit facility to $500 million

By Marisa Wong

Morgantown, W.Va., June 21 – TPG RE Finance Trust, Inc. exercised the accordion feature of its Bank of America, NA senior secured credit facility on June 15, according to an 8-K filing with the Securities and Exchange Commission.

The maximum facility amount was increased to $500 million from $250 million.

The amount available to borrow from time to time under the senior secured credit facility will vary based on the company’s operating activities and any financial covenant limitations.

TPG RE Finance Trust is a New York-based commercial real estate finance company that focuses primarily on originating, acquiring and managing first mortgage loans and other commercial real estate-related debt instruments secured by U.S.-based institutional properties.

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