secwatch.observer — SEC 8-K summary
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Issuer:     STARWOOD PROPERTY TRUST, INC. (STWD)
CIK:        0001465128
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001104659-24-132146
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 issues $500M in 6.500% senior notes due 2030
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465128/000110465924132146/0001104659-24-132146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465128/000110465924132146/tm2431648d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-132146

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