Starwood Property Trust closes ~$340.5M common stock offering of 17.5M shares

STARWOOD PROPERTY TRUST, INC.

Issued 17,500,000 shares of common stock at ~$19.46 per share; net proceeds ~$340.5M.
Underwriters have a 30-day option to purchase up to an additional 2,625,000 shares, potentially raising ~$391.7M total.
Underwriting agreement signed September 3, 2024; offering closed September 5, 2024.
Underwriters include Citigroup, Goldman Sachs, and Morgan Stanley.

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