Starwood Property Trust, Inc. has announced a private offering of $400 million aggregate principal amount of unsecured senior notes due 2030. The company intends to allocate the net proceeds from the offering to finance or refinance eligible green and/or social projects. Pending full allocation of the net proceeds to these projects, the company plans to use the funds to repay its $400 million outstanding aggregate principal amount of 3.750% senior notes due 2024.
As of September 30, 2024, the company has successfully deployed over $100 billion of capital since inception and manages a portfolio of $26 billion across debt and equity investments. It is noteworthy that 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.
It is important to note that the company is offering the notes only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The notes will not initially be registered under the Securities Act or any state securities laws.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor does it indicate any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. As a result of these announcements, the company's shares have moved -0.5% on the market, and are now trading at a price of $20.08. If you want to know more, read the company's complete 8-K report here.
