Loan & DebtMay 26, 2026, 04:43 PM
Starwood Property Trust Closes $600M Senior Notes Offering at 6.125%
AI Summary
Starwood Property Trust, Inc. closed its private offering of $600 million aggregate principal amount of 6.125% unsecured senior notes due 2031. The notes, priced on May 11, 2026, and issued on May 26, 2026, will mature on June 1, 2031, with interest paid semi-annually. The company intends to use the net proceeds to finance or refinance eligible green and/or social projects, redeem its $400 million 3.625% Senior Notes due 2026, and for general corporate purposes, including repaying repurchase facility debt.
Key Highlights
- Starwood Property Trust closed a $600 million private offering of unsecured senior notes.
- The notes bear an interest rate of 6.125% per year.
- The senior notes will mature on June 1, 2031.
- Net proceeds will finance or refinance eligible green and/or social projects.
- The company plans to redeem or repay $400 million of 3.625% Senior Notes due 2026.
- Interest on the notes will be paid semi-annually, commencing December 1, 2026.
Price Impact
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