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, subject to market conditions. The company plans to use the net proceeds to finance or refinance eligible green and/or social projects. Pending full allocation, the funds will be used for general corporate purposes, including repayment of outstanding indebtedness under the Company's repurchase facilities.
The sustainability bonds will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S of the Securities Act. The Notes will not be initially registered under the Securities Act or state securities laws, limiting their offer and sale in the United States without proper registration or exemption.
Starwood Property Trust (NYSE: STWD) ha annunciato un'offerta privata di $400 milioni in note senior non garantite con scadenza nel 2030, soggette a condizioni di mercato. L'azienda prevede di utilizzare i proventi netti per finanziare o rifinanziare progetti verdi e/o sociali ammissibili. In attesa di un'allocazione completa, i fondi saranno utilizzati per scopi aziendali generali, incluso il rimborso di debiti in sospeso ai sensi delle strutture di riacquisto della Società.
Le obbligazioni sostenibili saranno offerte esclusivamente a compratori istituzionali qualificati secondo la Regola 144A e a persone non statunitensi al di fuori degli Stati Uniti secondo la Regolamentazione S della legge sui titoli. Le Note non saranno inizialmente registrate ai sensi della legge sui titoli o delle leggi statali sui titoli, limitando la loro offerta e vendita negli Stati Uniti senza la registrazione adeguata o un'esenzione.
Starwood Property Trust (NYSE: STWD) ha anunciado una oferta privada de $400 millones en notas senior no garantizadas con vencimiento en 2030, sujeta a las condiciones del mercado. La empresa planea utilizar los ingresos netos para financiar o refinanciar proyectos verdes y/o sociales elegibles. Pending una asignación completa, los fondos se utilizarán para propósitos corporativos generales, incluyendo el reembolso de deudas pendientes bajo las facilidades de recompra de la Compañía.
Los bonos de sostenibilidad se ofrecerán exclusivamente a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses fuera de los Estados Unidos bajo la Regulación S de la Ley de Valores. Las Notas no estarán inicialmente registradas bajo la Ley de Valores o las leyes de valores estatales, lo que limita su oferta y venta en los Estados Unidos sin el registro adecuado o una exención.
스타우드 프라퍼티 트러스트 (NYSE: STWD)는 시장 상황에 따라 2030년 만기인 4억 달러 규모의 비보장 선순위 채권의 사모 발행을 발표했습니다. 회사는 순수익을 사용하여 적격한 친환경 및/또는 사회적 프로젝트를 금융하거나 재융자하는 것을 계획하고 있습니다. 전체 배분이 완료될 때까지 자금은 회사의 재구매 시설에 따라 미지급 채무의 상환을 포함한 일반 기업 목적에 사용될 것입니다.
지속 가능성 채권은 144A 규칙에 따라 자격이 있는 기관 투자자에게만 제공되며, 미국의 법률에 따라 미국 외의 비미국인에게는 S 규정에 따라 제공됩니다. 이 노트는 처음에 증권법이나 주 증권법에 따라 등록되지 않으므로 적절한 등록이나 면제 없이 미국 내에서의 제공 및 판매가 제한됩니다.
Starwood Property Trust (NYSE: STWD) a annoncé une offre privée de 400 millions $ en obligations senior non garanties avec une maturité en 2030, sous réserve des conditions du marché. La société prévoit d'utiliser les produits nets pour financer ou refinancer des projets verts et/ou sociaux éligibles. En attendant une allocation complète, les fonds seront utilisés à des fins corporatives générales, y compris le remboursement des dettes en cours dans le cadre des installations de rachat de la société.
Les obligations de durabilité seront offertes exclusivement aux acheteurs institutionnels qualifiés conformément à la règle 144A et aux personnes non américaines en dehors des États-Unis conformément à la réglementation S de la loi sur les valeurs mobilières. Les obligations ne seront pas initialement enregistrées conformément à la loi sur les valeurs mobilières ou aux lois sur les valeurs mobilières des États, ce qui limite leur offre et leur vente aux États-Unis sans enregistrement approprié ou exemption.
Starwood Property Trust (NYSE: STWD) hat eine private Platzierung von 400 Millionen US-Dollar in unbesicherten Senioranleihen mit Fälligkeit 2030 angekündigt, vorbehaltlich der Marktbedingungen. Das Unternehmen plant, die Nettoerlöse zur Finanzierung oder Refinanzierung von förderfähigen grünen und/oder sozialen Projekten zu verwenden. Bis zur vollständigen Zuweisung werden die Mittel für allgemeine Unternehmenszwecke verwendet, einschließlich der Rückzahlung von ausstehenden Verbindlichkeiten im Rahmen der Rückkaufvereinbarungen des Unternehmens.
Die nachhaltigen Anleihen werden ausschließlich an qualifizierte institutionelle Käufer gemäß Regel 144A und an nicht-US-Personen außerhalb der Vereinigten Staaten gemäß der Regulierung S des Wertpapiergesetzes angeboten. Die Notes werden zunächst nicht gemäß dem Wertpapiergesetz oder den Wertpapiergesetzen der Bundesstaaten registriert, was ihr Angebot und den Verkauf in den Vereinigten Staaten ohne die entsprechende Registrierung oder Ausnahmeregelung einschränkt.
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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 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 June 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 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.
FAQ
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