Loan & DebtJul 10, 2026, 04:42 PM
Starwood Property Trust Closes $500M 5.875% Senior Notes Offering
AI Summary
Starwood Property Trust, Inc. closed a private offering of $500 million aggregate principal amount of its 5.875% unsecured senior notes due 2029. The company intends to allocate the net proceeds to finance or refinance eligible green and/or social projects. Pending full allocation, proceeds may be used to redeem its outstanding $500 million 4.375% Senior Notes due 2027 or for general corporate purposes.
Key Highlights
- Closed private offering of $500 million 5.875% unsecured senior notes.
- Notes mature on August 15, 2029.
- Interest payable semi-annually on February 15 and August 15, starting February 15, 2027.
- Proceeds to finance or refinance eligible green and/or social projects.
- May redeem $500 million outstanding 4.375% Senior Notes due 2027.
- Notes are senior unsecured obligations of the company.
Price Impact
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