GREENWICH, Conn., Sept. 26,
2024 /PRNewswire/ -- Starwood Property Trust, Inc.
(NYSE: STWD) (the "Company") today announced that, subject to
market and other conditions, it is offering $400 million aggregate principal amount of its
unsecured senior notes due 2030 (the "Notes") in a private
offering.
The Company intends to allocate an amount equal to the net
proceeds from the offering to finance or refinance, in whole or in
part, recently completed or future eligible green and/or social
projects. Net proceeds allocated to previously incurred costs
associated with eligible green and/or social projects will be
available for the repayment of indebtedness previously incurred.
Pending full allocation of an amount equal to the net proceeds to
eligible green and/or social projects, the Company intends to use
the net proceeds for general corporate purposes, including the
repayment of outstanding indebtedness under the Company's
repurchase facilities.
The Notes will be offered only to persons reasonably believed to
be qualified institutional buyers in reliance on Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act"), and
non-U.S. persons outside the United
States pursuant to Regulation S under the Securities Act.
The Notes will not initially be registered under the Securities Act
or any state securities laws and may not be offered or sold in
the United States absent an
effective registration statement or an applicable exemption from
the registration requirements of the Securities Act or any state
securities laws.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Starwood Property Trust, Inc.
Starwood Property Trust, Inc. (NYSE: STWD), an affiliate of
global private investment firm Starwood Capital Group, is a leading
diversified finance company with a core focus on the real estate
and infrastructure sectors. As of June 30,
2024, the Company has successfully deployed over
$98 billion of capital since
inception and manages a portfolio of $26
billion across debt and equity investments. Starwood
Property Trust's investment objective is to generate attractive and
stable returns for shareholders, primarily through dividends, by
leveraging a premiere global organization to identify and execute
on the best risk adjusted returning investments across its target
assets.
Forward-Looking Statements
Statements in this press release which are not historical fact
may be deemed forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements with respect
to the anticipated offering and the use of proceeds. Although the
Company believes the expectations reflected in any forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. Factors
that could cause actual results to differ materially from the
Company's expectations include: (i) factors described in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2023 and its Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2024 and
June 30, 2024, including those set
forth under the captions "Risk Factors", "Business", and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations"; (ii) defaults by borrowers in paying debt
service on outstanding indebtedness; (iii) impairment in the value
of real estate property securing the Company's loans or in which
the Company invests; (iv) availability of mortgage origination and
acquisition opportunities acceptable to the Company; (v) potential
mismatches in the timing of asset repayments and the maturity of
the associated financing agreements; (vi) the Company's ability to
achieve the benefits that it anticipates from the prior acquisition
of the project finance origination, underwriting and capital
markets business of GE Capital Global Holdings, LLC; (vii) national
and local economic and business conditions, including as a result
of the impact of public health emergencies; (viii) the occurrence
of certain geo-political events (such as wars, terrorist attacks
and tensions between states) that affect the normal and peaceful
course of international relations; (ix) general and local
commercial and residential real estate property conditions; (x)
changes in federal government policies; (xi) changes in federal,
state and local governmental laws and regulations; (xii) increased
competition from entities engaged in mortgage lending and
securities investing activities; (xiii) changes in interest rates;
and (xiv) the availability of, and costs associated with, sources
of liquidity.
Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
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SOURCE Starwood Property Trust, Inc.