Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds
Starwood Property Trust (NYSE: STWD) has announced the pricing of a $400 million private offering of 6.000% unsecured senior notes due 2030. The notes priced at 100.0% of the principal amount, with settlement expected on October 10, 2024. The company plans to use the net proceeds to finance or refinance eligible green and/or social projects. Pending full allocation, funds will be used for general corporate purposes, including repayment of outstanding indebtedness under repurchase facilities.
The notes were offered only to qualified institutional buyers and non-U.S. persons outside the United States. They will not initially be registered under the Securities Act or state securities laws. Starwood Property Trust, an affiliate of Starwood Capital Group, is a leading diversified finance company focusing on real estate and infrastructure sectors. As of June 30, 2024, it has deployed over $98 billion of capital since inception and manages a $26 billion portfolio across debt and equity investments.
Starwood Property Trust (NYSE: STWD) ha annunciato la determinazione del prezzo di un offerta privata di 400 milioni di dollari di note senior unsecured con un tasso d'interesse del 6.000% con scadenza nel 2030. Le note sono state prezzate al 100,0% dell'importo principale, con regolamento previsto per il 10 ottobre 2024. L'azienda prevede di utilizzare il ricavato netto per finanziare o rifinanziare progetti verdi e/o sociali eleggibili. In attesa di un'allocazione completa, i fondi saranno utilizzati per scopi aziendali generali, inclusa la restituzione di debiti in essere sotto le strutture di riacquisto.
Le note sono state offerte solo a acquirenti istituzionali qualificati e a non residenti negli Stati Uniti. Non saranno inizialmente registrate ai sensi del Securities Act o delle leggi sulla sicurezza statali. Starwood Property Trust, un'affiliata di Starwood Capital Group, è una delle principali aziende di finanza diversificata concentrata nei settori immobiliare e delle infrastrutture. Al 30 giugno 2024, ha impiegato oltre 98 miliardi di dollari di capitale dalla sua nascita e gestisce un portafoglio di 26 miliardi di dollari tra investimenti in debito e capitale.
Starwood Property Trust (NYSE: STWD) ha anunciado el precio de una oferta privada de 400 millones de dólares de notas senior no garantizadas con un interés del 6.000% que vencerán en 2030. Las notas se fijaron al 100,0% del monto principal, con la liquidación prevista para el 10 de octubre de 2024. La empresa planea usar los ingresos netos para financiar o refinanciar proyectos verdes y/o sociales elegibles. Hasta que se complete la asignación, los fondos se utilizarán para fines corporativos generales, incluyendo el reembolso de deudas pendientes bajo las instalaciones de recompra.
Las notas se ofrecieron únicamente a compradores institucionales calificados y a personas no estadounidenses fuera de los Estados Unidos. No se registrarán inicialmente bajo la Ley de Valores o las leyes de valores estatales. Starwood Property Trust, una filial de Starwood Capital Group, es una empresa líder en finanzas diversificadas centrada en los sectores inmobiliario e infraestructura. A partir del 30 de junio de 2024, ha desplegado más de 98 mil millones de dólares en capital desde su creación y gestiona un portafolio de 26 mil millones de dólares entre inversiones en deuda y capital.
스타우드 프로퍼티 트러스트 (NYSE: STWD)가 2030년에 만기가 도래하는 6.000% 무담보 선순위 노트의 4억 달러 규모의 사모 발행 가격을 발표했습니다. 노트는 원금의 100.0%로 가격이 책정되며, 정산은 2024년 10월 10일로 예정되어 있습니다. 이 회사는 순수익을 적격한 녹색 및/또는 사회적 프로젝트를 금융 또는 재융자하는 데 사용할 계획입니다. 전체 배정이 완료될 때까지 자금은 일반 기업 용도를 위해 사용되며, 여기에는 재매입 시설 하의 미지급 부채 상환이 포함됩니다.
노트는 자격이 갖춰진 기관 투자자와 미국 외의 비거주자에게만 제공되었습니다. 이들은 처음에는 증권법이나 주 증권법에 따라 등록되지 않을 것입니다. 스타우드 프로퍼티 트러스트는 스타우드 캐피탈 그룹의 계열사로, 부동산 및 인프라 부문에 중점을 둔 선도적인 다각화 금융 회사입니다. 2024년 6월 30일 기준 이들은 설립 이래로 980억 달러 이상의 자본을 배치했으며, 부채 및 자본 투자에 걸쳐 260억 달러 규모의 포트폴리오를 관리하고 있습니다.
Starwood Property Trust (NYSE: STWD) a annoncé le prix d'une offre privée de 400 millions de dollars d'obligations senior non garanties à 6,000% arrivant à échéance en 2030. Les obligations ont été fixées à 100,0% du montant principal, avec un règlement prévu pour le 10 octobre 2024. L'entreprise prévoit d'utiliser les recettes nettes pour financer ou refinancer des projets verts et/ou sociaux éligibles. En attendant une attribution complète, les fonds seront utilisés à des fins générales pour l'entreprise, y compris le remboursement de dettes existantes dans le cadre des installations de rachat.
Les obligations ont été offertes uniquement à des acheteurs institutionnels qualifiés et à des personnes non américaines en dehors des États-Unis. Elles ne seront pas initialement enregistrées en vertu de la loi sur les valeurs mobilières ou des lois étatiques sur les valeurs mobilières. Starwood Property Trust, une filiale de Starwood Capital Group, est une entreprise de financement diversifiée de premier plan se concentrant sur les secteurs immobilier et des infrastructures. Au 30 juin 2024, elle a déployé plus de 98 milliards de dollars de capital depuis sa création et gère un portefeuille de 26 milliards de dollars d'investissements en dette et en capital.
Starwood Property Trust (NYSE: STWD) hat die Preisfestsetzung für ein privates Angebot von 400 Millionen US-Dollar von 6,000% unbesicherten vorrangigen Anleihen mit Fälligkeit im Jahr 2030 bekanntgegeben. Die Anleihen wurden zu 100,0% des Nennwerts bepreist, die Abwicklung wird für den 10. Oktober 2024 erwartet. Das Unternehmen plant, die Nettoerlöse zur Finanzierung oder Refinanzierung von förderfähigen grünen und/oder sozialen Projekten zu verwenden. Bis zur vollständigen Zuteilung werden die Mittel für allgemeine Unternehmenszwecke verwendet, einschließlich der Rückzahlung von bestehenden Verbindlichkeiten unter Rückkaufverträgen.
Die Anleihen wurden nur an qualifizierte institutionelle Käufer und nicht-US-Personen außerhalb der Vereinigten Staaten angeboten. Sie werden zunächst nicht unter dem Securities Act oder den Staatswertpapiergesetzen registriert. Starwood Property Trust, eine Tochtergesellschaft der Starwood Capital Group, ist ein führendes diversifiziertes Finanzunternehmen, das sich auf die Immobilien- und Infrastrukturbranche konzentriert. Bis zum 30. Juni 2024 hat das Unternehmen seit seiner Gründung mehr als 98 Milliarden US-Dollar Kapital eingesetzt und verwaltet ein Portfolio von 26 Milliarden US-Dollar, das sich über Schulden- und Eigenkapitalinvestitionen erstreckt.
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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 were 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.
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
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 settlement of the 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.
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
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SOURCE Starwood Property Trust, Inc.
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