Starwood Property Trust, Inc. has announced a private offering of $400 million aggregate principal amount of its unsecured senior notes due 2029, which will be used to finance or refinance green and/or social projects. The company intends to allocate the net proceeds from the offering for this purpose and, pending full allocation, will use the remaining funds for general corporate purposes, including the repayment of outstanding indebtedness under the company’s repurchase facilities.
As of December 31, 2023, Starwood Property Trust, Inc. has successfully deployed over $97 billion of capital since inception and manages a portfolio of over $27 billion across debt and equity investments.
The company's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk-adjusted returning investments across its target assets. The market has reacted to these announcements by moving the company's shares 0.5% to a price of $20.53. If you want to know more, read the company's complete 8-K report here.
