secwatch.observer — SEC 8-K summary
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Issuer:     STARWOOD PROPERTY TRUST, INC. (STWD)
CIK:        0001465128
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001104659-23-077614
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465128/000110465923077614/0001104659-23-077614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465128/000110465923077614/tm2320374d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-077614

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