Loan & DebtMay 12, 2026, 06:08 AM
Starwood Property Trust Prices $600M Senior Notes Due 2031
AI Summary
Starwood Property Trust, Inc. announced the pricing of its private offering of $600 million aggregate principal amount of 6.125% unsecured senior notes due 2031. The notes were priced at 100.0% of the principal amount, with settlement expected on May 26, 2026. The company intends to allocate 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.
Key Highlights
- Priced private offering of $600 million aggregate principal amount of unsecured senior notes.
- Notes carry an interest rate of 6.125% and are due in 2031.
- The offering was priced at 100.0% of the principal amount.
- Settlement of the offering is expected to occur on May 26, 2026.
- Net proceeds will finance or refinance eligible green and/or social projects.
- Proceeds will also redeem $400 million of 3.625% Senior Notes due 2026.
- Remaining proceeds are for general corporate purposes, including repaying repurchase facilities.
Price Impact
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