debt
confidence high
sentiment neutral
materiality 0.60
Starwood Property Trust prices $600M 7.250% senior notes due 2029, upsized from $400M
STARWOOD PROPERTY TRUST, INC.
- Priced $600M aggregate principal of 7.250% unsecured senior notes due 2029, up from originally planned $400M.
- Notes priced at 100.0% of principal; settlement expected on March 27, 2024, subject to customary conditions.
- Net proceeds to finance or refinance eligible green/social projects; pending allocation, used for general corporate purposes or repurchase facilities.
- Offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
- Notes are unregistered and may not be offered or sold in the U.S. absent an exemption or registration.