Starwood Property Trust issues $350M of 6.750% Convertible Senior Notes due 2027

STARWOOD PROPERTY TRUST, INC.

Issued $350M of 6.750% Convertible Senior Notes due July 15, 2027; settlement July 3, 2023.
Net proceeds approx. $340.5M ($391.7M if over-allotment exercised in full).
Proceeds to finance or refinance eligible green/social projects; pending allocation, used for general corporate purposes.
Conversion rate initially 48.1783 shares per $1,000 principal; redeemable after April 15, 2027 at par.
Notes are senior unsecured obligations ranking equally with existing senior unsecured debt.

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