debt
confidence high
sentiment neutral
materiality 0.60
Starwood Property Trust issues $500M in 6.500% senior notes due 2030
STARWOOD PROPERTY TRUST, INC.
- $500M aggregate principal, 6.500% rate, maturity July 1, 2030, semi-annual interest starting July 1, 2025.
- Net proceeds allocated to green/social projects, repayment of $400M 3.750% notes due 2024, and general corporate purposes.
- Notes are senior unsecured; springing guarantee covenant applies until investment grade ratings achieved.
- Optional redemption: make-whole prior to Jan 1, 2030; equity clawback up to 40% at 106.500% before Jan 1, 2028.
- Change of control triggers repurchase at 101% of principal plus accrued interest.