Starwood Property Trust, Inc. has announced the pricing of its private offering of $500 million aggregate principal amount of its 6.500% unsecured senior notes due 2030, which was upsized from the previously announced $400 million aggregate principal amount. The notes were offered to qualified institutional buyers and non-U.S. persons outside the United States.
The company intends to allocate the net proceeds from the offering to finance or refinance recently completed or future eligible green and/or social projects. Pending full allocation of the net proceeds to eligible projects, the company plans to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness under its repurchase facilities.
As of December 31, 2024, the company has successfully deployed over $102 billion of capital since inception and manages a portfolio of $25 billion across debt and equity investments.
This offering reflects the company's commitment to financing sustainable projects and its strategy to generate attractive and stable returns for shareholders. As a result of these announcements, the company's shares have moved -0.1% on the market, and are now trading at a price of $20.01. Check out the company's full 8-K submission here.
