Starwood Property Trust Announces Pricing of Private Sustainable Bond Offering – Starwood Prop Trust (NYSE:STWD)

GREENWICH, Conn., September 26, 2024 /PRNewswire/ — Starwood Property Trust, Inc. STWD (the “Company”) announced today that it has priced its private offering of $400 million aggregate principal amount of its 6.000% senior unsecured notes due 2030 (the “Notes”). The Notes are priced at 100.0% of the principal amount and settlement of the offering is expected to occur on October 10, 2024subject to customary closing conditions.

The Company intends to allocate an amount equal to the net proceeds of 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 repayment of previously incurred indebtedness. Pending the full allocation of an amount equal to the net proceeds for eligible ecological and/or social projects, the Company intends to use the net proceeds for general corporate purposes, including the payment of outstanding debt under the lines of repurchase of the Company.

The Notes were offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States. the united states pursuant to Regulation S of 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 on the united states in the absence of 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 such state or jurisdiction.

About Starwood Property Trust, Inc.

Trust owned by Starwood, Inc. STWDan affiliate of global private investment firm Starwood Capital Group, is a leading diversified financial company with a primary focus on the real estate and infrastructure sectors. From June 30, 2024The company has successfully implemented more than $98 billion of capital since its creation and manages a portfolio of $26 billion in 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 world-class global organization to identify and execute the best risk-adjusted return investments across its target assets.

Forward-looking statements

Statements in this press release that are not historical facts may be deemed to be 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 to the early settlement of the offer and the use of the proceeds. Although the Company believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. 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, 2024including those established in the headings “Risk Factors”, “Business” and “Management's Discussion and Analysis of the Financial Condition and Results of Operations”; (ii) defaults by borrowers in paying debt service on outstanding indebtedness; (iii) impairment of the value of real estate that secures the Company's loans or in which the Company invests; (iv) availability of mortgage origination and acquisition opportunities acceptable to the Company; (v) possible delays in the timing of asset repayments and the expiration of associated financing agreements; (vi) the Company's ability to achieve the benefits it anticipates from its 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 geopolitical events (such as wars, terrorist attacks and tensions between states) that affect the normal and peaceful course of international relations; (ix) general and local conditions of commercial and residential properties; (x) changes in federal government policies; (xi) changes in federal, state and local government laws and regulations; (xii) greater competition from entities dedicated to mortgage lending and securities investment activities; (xiii) changes in interest rates; and (xiv) the availability and costs associated with liquidity sources.

Contact:

Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com

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SOURCE Starwood Property Trust, Inc.