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Starwood Property Trust (NYSE:STWD) announced a private offering of $500 million aggregate principal amount of unsecured senior notes due 2028. The company said it will allocate net proceeds to finance or refinance eligible green and social projects, and may apply proceeds to repay previously incurred indebtedness tied to those projects. Pending allocation, proceeds may be used for general corporate purposes, including repayment of outstanding indebtedness under the company's repurchase facilities. The Notes will be offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and will not be registered under the Securities Act.
Starwood Property Trust (NYSE:STWD) ha annunciato un'offerta privata di 500 milioni di dollari di titoli senior non garantiti in scadenza nel 2028. L'azienda ha dichiarato che destinerà i proventi netti al finanziamento o al rifinanziamento di progetti verdi e sociali idonei, e potrebbe utilizzare i proventi per estinguere debiti precedentemente contratti legati a tali progetti. In attesa di assegnazione, i proventi potranno essere utilizzati per scopi aziendali generali, inclusa la rimessa in pagamento del debito pendente previsto dalle strutture di riacquisto dell'azienda. Le note saranno offerte agli acquirenti istituzionali qualificati ai sensi della Rule 144A e a persone non statunitensi ai sensi del Regulation S, e non saranno registrate ai sensi del Securities Act.
Starwood Property Trust (NYSE:STWD) anunció una oferta privada por un monto total de 500 millones de dólares en pagarés senior no asegurados con vencimiento en 2028. La compañía dijo que asignará los ingresos netos para financiar o refinanciar proyectos verdes y sociales elegibles, y podría utilizar los ingresos para pagar la deuda contraída previamente vinculada a esos proyectos. Mientras se asignan los fondos, los ingresos podrán utilizarse para fines corporativos generales, incluida la recompra de la deuda pendiente en las facilidades de recompra de la compañía. Las notas se ofrecerán a compradores institucionales calificados conforme a la Rule 144A y a personas no estadounidenses conforme al Regulation S, y no estarán registradas conforme al Securities Act.
Starwood Property Trust (NYSE:STWD)가 2028년 만기의 무담보 선순위 채권 5억 달러의 비공개 공모를 발표했습니다. 회사는 순수익금을 녹색 및 사회적 프로젝트에 자금을 조달하거나 재융자하는데 배정하고, 해당 프로젝트와 관련된 이전에 발생한 차입금을 상환하는 데도 사용할 수 있다고 밝혔습니다. 배정이 보류된 동안에는 회사의 일반 기업 목적을 위한 용도로 사용될 수 있으며, 회사의 재매입 시설에 따른 미상환 차입금의 상환도 포함됩니다. 채권은 Rule 144A에 따라 적격 기관 투자자에게, Regulation S에 따라 미국 외의 사람들에게 제공되며, 증권법에 따라 등록되지 않습니다.
Starwood Property Trust (NYSE:STWD) a annoncé une offre privée d'un montant total de 500 millions de dollars d'obligations senior non garanties arrivant à maturité en 2028. La société a déclaré qu'elle allouera le produit net au financement ou au refinancement de projets verts et sociaux éligibles, et pourrait affecter les produits au remboursement de dettes antérieurement contractées liées à ces projets. En attendant l'affectation, les produits pourraient être utilisés à des fins générales d'entreprise, y compris le remboursement de la dette en cours au titre des facilités de rachat de la société. Les notes seront offertes à des acheteurs institutionnels qualifiés conformément à la Rule 144A et à des personnes non américaines conformément au Regulation S, et ne seront pas enregistrées en vertu du Securities Act.
Starwood Property Trust (NYSE:STWD) kündigte ein privates Angebot von insgesamt 500 Millionen USD an unbesicherten Senior Notes mit Fälligkeit 2028 an. Das Unternehmen sagte, dass es Nettoprovenienzen zur Finanzierung oder Refinanzierung zulässiger grüner und sozialer Projekte verwenden wird und die Mittel auch zur Tilgung zuvor aufgenommener Verbindlichkeiten im Zusammenhang mit diesen Projekten eingesetzt werden könnten. Bis zur Zuteilung können die Erlöse für allgemeine Unternehmenszwecke verwendet werden, einschließlich der Rückzahlung offener Verbindlichkeiten unter den Rückkauffazilitäten des Unternehmens. Die Anleihen werden Institutionellen Käufern gemäß Rule 144A und Nicht-US-Personen gemäß Regulation S angeboten und nach dem Securities Act nicht registriert.
Starwood Property Trust (NYSE:STWD) أعلنت عن عرض خاص بقيمة 500 مليون دولار من سندات كبار غير مضمونة تستحق في عام 2028. قالت الشركة إنها ستخصص صافي العائدات لتمويل أو إعادة تمويل مشاريع خضراء واجتماعية مؤهلة، وقد تستخدم العائدات أيضاً لسداد ديون تم تكبدها سابقاً مرتبطة بتلك المشاريع. وبانتظار التخصيص، قد تُستخدم العائدات لأغراض الشركات العامة، بما في ذلك سداد الدين المستحق بموجب تسهيلات إعادة الشراء للشركة. ستُعرض السندات على مشترين مؤسسيين مؤهلين وفق Rule 144A وعلى أشخاص غير أمريكيين وفق Regulation S، ولن تُسجل وفقاً لقانون الأوراق المالية.
- $500 million debt raise announced
- Proceeds earmarked for green and social projects
- Proceeds can repay existing indebtedness
- Notes are unsecured (no asset-backed claim)
- Offering is private (Rule 144A/Reg S) and unregistered
- Pending allocation, proceeds may be used for general corporate purposes
Insights
Starwood is issuing
The company plans a private Rule 144A/Reg S offering of unsecured senior notes due
Key dependencies include successful placement with institutional buyers and the timing of allocation to eligible projects, which affects permitted use of proceeds and potential balance-sheet effects. Watch near-term allocation disclosures and any use of proceeds for debt repayment; those items will surface within standard post-offering filings and within the offering closing timeline.
The offering links raising capital to green/social projects but temporarily allows general corporate uses until allocations complete.
Net proceeds are earmarked to finance or refinance eligible green and social projects, and previously incurred eligible costs may be paid down with proceeds. Until full allocation, the company may use proceeds for general corporate purposes, including repurchase facility debt repayment. The structuring as a private Rule 144A/Reg S placement limits the buyer base to institutional and non-U.S. investors.
Material items to monitor are the final allocation report and any statements about project eligibility and timing, which will clarify the environmental/social impact and compliance with any green financing assertions; expect those details in subsequent disclosures following the offering close.
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, which may include 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-
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 (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, 2025, the Company has successfully deployed
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, 2024 and our Quarterly Reports on Form 10-Q for the quarters ended March 31 2025 and June 30, 2025, 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) national and local economic and business conditions, including as a result of the impact of public health emergencies; (vii) the occurrence of certain geo-political events (such as wars, terrorist attacks and tensions between states, including global trade disputes related to tariffs) that affect the normal and peaceful course of international relations; (viii) general and local commercial and residential real estate property conditions; (ix) changes in federal government policies; (x) changes in federal, state and local governmental laws and regulations; (xi) increased competition from entities engaged in mortgage lending and securities investing activities; (xii) changes in interest rates; (xiii) the availability of, and costs associated with, sources of liquidity; and (xiv) unanticipated difficulties or expenditures relating to, or the failure to realize the benefits of, the acquisition of Fundamental Income Properties, LLC.
Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
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SOURCE Starwood Property Trust, Inc.
FAQ
What is Starwood Property Trust announcing with the $500 million note offering (STWD)?
How will Starwood (STWD) use the net proceeds from the $500M 2028 notes?
Who can buy the STWD 2028 notes and are they registered?
What does it mean that the STWD notes are unsecured?
Could proceeds from the STWD offering reduce outstanding repurchase facility debt?
