Loan & DebtMay 11, 2026, 09:31 AM
Starwood Property Trust Announces $600M Senior Notes Offering
AI Summary
Starwood Property Trust announced a private offering of $600 million aggregate principal amount of unsecured senior notes due 2031. The company intends to allocate the net proceeds to finance or refinance eligible green and/or social projects, marketing these as "Sustainability Bonds". Pending full allocation, proceeds will be used to redeem or repay $400 million of 3.625% Senior Notes due 2026 and for general corporate purposes, including repaying outstanding indebtedness. The notes will be offered privately to qualified institutional buyers and non-U.S. persons.
Key Highlights
- Starwood Property Trust commenced a private offering of $600 million unsecured senior notes due 2031.
- Net proceeds will finance or refinance eligible green and/or social projects, marketed as "Sustainability Bonds".
- The company intends to redeem or repay $400 million of 3.625% Senior Notes due 2026.
- Remaining proceeds will be used for general corporate purposes and repayment of outstanding indebtedness.
- The notes are offered privately to qualified institutional buyers and non-U.S. persons.