Starwood Property Trust, Inc. (NYSE: STWD) has announced a private offering of $400 million aggregate principal amount of its unsecured senior notes due 2030. The company intends to allocate the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. If the net proceeds are allocated to previously incurred costs associated with eligible projects, they will be available for the repayment of previously incurred indebtedness.
As of June 30, 2024, the company has successfully deployed over $98 billion of capital since inception and manages a portfolio of $26 billion across debt and equity investments. Starwood Property Trust'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 the best risk-adjusted returning investments across its target assets. Today the company's shares have moved 1.0% to a price of $20.7. For the full picture, make sure to review Starwood Property Trust's 8-K report.
