secwatch.observer — SEC 8-K summary
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Issuer:     STARWOOD PROPERTY TRUST, INC. (STWD)
CIK:        0001465128
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001104659-24-039765
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starwood Property Trust closes $600M 7.250% senior notes due 2029
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- Issued $600M aggregate principal of 7.250% unsecured senior notes maturing April 1, 2029.
- Net proceeds allocated to eligible green/social projects or general corporate purposes, including repayment of repurchase facility debt.
- Notes are senior unsecured, pari passu with existing and future unsecured debt; subject to springing guarantee and asset coverage covenant requiring unencumbered assets ≥120% of unsecured debt.
- Redeemable at make-whole prior to October 1, 2028; on/after at par; change of control offer at 101% of principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465128/000110465924039765/0001104659-24-039765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465128/000110465924039765/tm249772d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-039765

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