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TPG RE Finance Trust closes common stock offering

TPG RE Finance Trust Inc on March 19 completed an underwritten public offering of 6 million common shares.

The price to the underwriters was $19.80 per share, and net proceeds to the company were about $118.5 million after deducting the underwriting discount and estimated offering expenses payable by the company.

Morgan Stanley and Citigroup were the joint book-running managers for the offering, with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC also working as underwriters.