secwatch.observer — SEC 8-K summary
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Issuer:     STARWOOD PROPERTY TRUST, INC. (STWD)
CIK:        0001465128
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001104659-24-107731
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starwood Property Trust closes $400M 6.000% senior notes due 2030
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- $400M aggregate principal of 6.000% unsecured senior notes due April 15, 2030; interest semi-annual beginning April 15, 2025.
- Net proceeds allocated to eligible green/social projects or general corporate purposes, including repaying repurchase facility debt.
- Notes are senior unsecured, pari passu with other senior unsecured debt; springing guarantee covenant requires certain domestic subsidiaries to guarantee under conditions.
- Optional redemption: make-whole prior to Oct 15, 2029; up to 40% equity clawback at 106% before Oct 15, 2027.
- Change of control triggering event requires repurchase at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465128/000110465924107731/0001104659-24-107731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465128/000110465924107731/tm2425816d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-107731

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