debt
confidence high
sentiment neutral
materiality 0.50
Starwood Property Trust closes $600M offering of 6.125% senior notes due 2031
STARWOOD PROPERTY TRUST, INC.
- Issued $600M aggregate principal of 6.125% unsecured senior notes due June 1, 2031, priced May 11, 2026.
- Net proceeds to redeem $400M outstanding 3.625% Senior Notes due 2026, plus general corporate purposes.
- Notes are senior unsecured, initially unguaranteed, with a springing guarantee covenant for domestic subsidiaries.
- Company intends to allocate net proceeds to eligible green and/or social projects.
- Notes subject to change-of-control repurchase at 101% of principal, plus accrued interest.