Starwood Property Trust Announces Private Offering of Sustainability Bonds
Starwood Property Trust (NYSE: STWD) has announced a private offering of $400 million in unsecured senior notes due 2030. The sustainability bonds will be used to finance or refinance eligible green and/or social projects. The immediate plan is to use the proceeds to repay the company's existing $400 million of 3.750% Senior Notes due 2024.
The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The Notes will not be initially registered under the Securities Act or state securities laws, requiring registration or applicable exemption for U.S. trading.
Starwood Property Trust (NYSE: STWD) ha annunciato un'offerta privata di 400 milioni di dollari in note senior non garantite con scadenza nel 2030. I bond sostenibili saranno utilizzati per finanziare o rifinanziare progetti verdi e/o sociali idonei. Il piano immediato è utilizzare i proventi per ripagare le note senior esistenti dell'azienda per un valore di 400 milioni di dollari con un tasso del 3,750% in scadenza nel 2024.
L'offerta è riservata a investitori istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi ai sensi della Regolamentazione S del Securities Act. Le note non saranno inizialmente registrate ai sensi del Securities Act o delle leggi statali sui titoli, richiedendo registrazione o esenzione applicabile per il trading negli Stati Uniti.
Starwood Property Trust (NYSE: STWD) ha anunciado una oferta privada de 400 millones de dólares en notas senior no garantizadas con vencimiento en 2030. Los bonos de sostenibilidad se utilizarán para financiar o refinanciar proyectos verdes y/o sociales elegibles. El plan inmediato es usar los ingresos para pagar las notas senior existentes de la compañía por un valor de 400 millones de dólares con un interés del 3.750% que vencen en 2024.
La oferta está restringida a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo la Regulación S del Securities Act. Las notas no estarán inicialmente registradas bajo el Securities Act o las leyes estatales de valores, lo que requiere registro o exención aplicable para el comercio en EE. UU.
스타우드 프로퍼티 트러스트 (NYSE: STWD)는 2030년 만기인 4억 달러의 무담보 선순위 노트를 비공식적으로 발행한다고 발표했습니다. 지속가능성 채권은 적격한 녹색 및/또는 사회적 프로젝트를 금융하거나 재금융하는 데 사용됩니다. 즉각적인 계획은 이 자금을 사용하여 2024년에 만기가 도래하는 4억 달러의 3.750% 선순위 노트를 상환하는 것입니다.
이 제안은 규칙 144A에 따라 자격 있는 기관 투자자와 증권법의 S 규정에 따라 비미국인에게만 제한됩니다. 노트는 처음에 증권법이나 주 증권법에 따라 등록되지 않으므로 미국 거래를 위해 등록이나 적용 가능한 면제가 필요합니다.
Starwood Property Trust (NYSE: STWD) a annoncé une offre privée de 400 millions de dollars en obligations senior non garanties arrivant à échéance en 2030. Les obligations de durabilité seront utilisées pour financer ou refinancer des projets verts et/ou sociaux éligibles. Le plan immédiat consiste à utiliser les produits pour rembourser les 400 millions de dollars d'obligations senior à 3,750% arrivant à échéance en 2024.
L'offre est réservée aux acheteurs institutionnels qualifiés en vertu de la règle 144A et aux personnes non américaines conformément à la réglementation S du Securities Act. Les obligations ne seront pas initialement enregistrées en vertu du Securities Act ou des lois étatiques sur les valeurs mobilières, ce qui nécessite un enregistrement ou une exemption applicable pour le commerce aux États-Unis.
Starwood Property Trust (NYSE: STWD) hat eine private Platzierung von 400 Millionen US-Dollar in unbesicherten Senior Notes mit Fälligkeit im Jahr 2030 angekündigt. Die Nachhaltigkeitsanleihen werden verwendet, um berechtigte grüne und/oder soziale Projekte zu finanzieren oder zu refinanzieren. Der unmittelbare Plan besteht darin, die Erlöse zu verwenden, um die bestehenden 400 Millionen US-Dollar an 3,750% Senior Notes mit Fälligkeit im Jahr 2024 zurückzuzahlen.
Das Angebot richtet sich ausschließlich an qualifizierte institutionelle Käufer gemäß Regel 144A und an Nicht-US-Personen gemäß der Regulierung S des Securities Act. Die Notes werden zunächst nicht gemäß dem Securities Act oder den staatlichen Wertpapiergesetzen registriert, was eine Registrierung oder anwendbare Ausnahme für den US-Handel erfordert.
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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 to repay the Company's
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, 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 September 30, 2024, the Company has successfully deployed over
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, June 30, 2024 and September 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.
FAQ
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