Starwood Property Trust Announces Upsizing and Pricing of Private Offering of Sustainability Bonds
Starwood Property Trust (NYSE: STWD) has successfully priced a private offering of $500 million sustainability bonds, upsized from the initially announced $400 million. The unsecured senior notes, due 2030, carry a 6.500% interest rate and priced at 100.0% of principal amount.
The settlement is expected on April 8, 2025. The company plans to use the net proceeds to finance or refinance eligible green and/or social projects. Until full allocation, funds may be used for general corporate purposes, including repayment of outstanding indebtedness under repurchase facilities.
The Notes are exclusively offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The securities will not be initially registered under the Securities Act or state securities laws.
Starwood Property Trust (NYSE: STWD) ha concluso con successo un'offerta privata di 500 milioni di dollari in obbligazioni sostenibili, aumentata rispetto ai 400 milioni di dollari inizialmente annunciati. Le note senior non garantite, in scadenza nel 2030, hanno un tasso d'interesse del 6,500% e sono state prezzate al 100,0% del valore nominale.
Il regolamento è previsto per il 8 aprile 2025. L'azienda prevede di utilizzare il ricavato netto per finanziare o rifinanziare progetti verdi e/o sociali idonei. Fino all'allocazione completa, i fondi possono essere utilizzati per scopi aziendali generali, inclusa la restituzione di debiti in essere nell'ambito di strutture di riacquisto.
Le note sono offerte esclusivamente a compratori istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi ai sensi della Regolamentazione S della Securities Act. I titoli non saranno inizialmente registrati ai sensi della Securities Act o delle leggi statali sui titoli.
Starwood Property Trust (NYSE: STWD) ha realizado con éxito una oferta privada de 500 millones de dólares en bonos de sostenibilidad, aumentada desde los 400 millones de dólares inicialmente anunciados. Las notas senior no garantizadas, con vencimiento en 2030, tienen una tasa de interés del 6,500% y se han fijado al 100,0% del monto principal.
Se espera que el acuerdo se realice el 8 de abril de 2025. La empresa planea utilizar los ingresos netos para financiar o refinanciar proyectos verdes y/o sociales elegibles. Hasta la asignación completa, los fondos pueden ser utilizados para fines corporativos generales, incluyendo el reembolso de deudas pendientes bajo instalaciones de recompra.
Las notas se ofrecen exclusivamente a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses bajo la Regulación S de la Ley de Valores. Los valores no estarán inicialmente registrados bajo la Ley de Valores o las leyes estatales de valores.
스타우드 프로퍼티 트러스트 (NYSE: STWD)는 5억 달러의 지속 가능성 채권을 성공적으로 가격을 책정했으며, 이는 처음 발표된 4억 달러에서 증가한 것입니다. 2030년 만기인 무담보 선순위 채권은 6.500%의 이자율을 가지고 있으며, 원금의 100.0%로 가격이 책정되었습니다.
정산은 2025년 4월 8일로 예상됩니다. 회사는 순수익을 사용하여 적격한 녹색 및/또는 사회적 프로젝트를 금융하거나 재금융할 계획입니다. 전체 배정까지 자금은 일반 기업 용도로 사용될 수 있으며, 여기에는 재매입 시설에 대한 미지급 부채 상환이 포함됩니다.
노트는 규칙 144A에 따라 자격을 갖춘 기관 투자자에게만 제공되며, 증권법의 규정 S에 따라 비미국인에게도 제공됩니다. 이 증권은 증권법 또는 주 증권법에 따라 처음에 등록되지 않습니다.
Starwood Property Trust (NYSE: STWD) a réussi à fixer le prix d'une offre privée de 500 millions de dollars d'obligations de durabilité, augmentée par rapport aux 400 millions de dollars initialement annoncés. Les obligations senior non garanties, arrivant à échéance en 2030, portent un taux d'intérêt de 6,500% et ont été fixées à 100,0% du montant nominal.
Le règlement est prévu pour le 8 avril 2025. L'entreprise prévoit d'utiliser le produit net pour financer ou refinancer des projets verts et/ou sociaux éligibles. Jusqu'à l'allocation complète, les fonds peuvent être utilisés pour des fins d'entreprise générales, y compris le remboursement de dettes en cours dans le cadre de facilités de rachat.
Les obligations sont offertes exclusivement à des acheteurs institutionnels qualifiés en vertu de la règle 144A et à des personnes non américaines en vertu de la réglementation S de la loi sur les valeurs mobilières. Les titres ne seront pas initialement enregistrés en vertu de la loi sur les valeurs mobilières ou des lois étatiques sur les valeurs mobilières.
Starwood Property Trust (NYSE: STWD) hat erfolgreich ein privates Angebot von 500 Millionen Dollar für Nachhaltigkeitsanleihen bepreist, das von den ursprünglich angekündigten 400 Millionen Dollar erhöht wurde. Die unbesicherten Senior Notes mit Fälligkeit im Jahr 2030 haben einen Zinssatz von 6,500% und wurden zu 100,0% des Nennbetrags bepreist.
Die Abwicklung wird für den 8. April 2025 erwartet. Das Unternehmen plant, die Nettoerlöse zur Finanzierung oder Refinanzierung von förderfähigen grünen und/oder sozialen Projekten zu verwenden. Bis zur vollständigen Zuteilung können die Mittel für allgemeine Unternehmenszwecke verwendet werden, einschließlich der Rückzahlung bestehender Verbindlichkeiten aus Rückkaufvereinbarungen.
Die Notes werden ausschließlich an qualifizierte institutionelle Käufer gemäß Regel 144A und an nicht-US-Personen gemäß Regulation S des Securities Act angeboten. Die Wertpapiere werden zunächst nicht gemäß dem Securities Act oder den staatlichen Wertpapiergesetzen registriert.
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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, which may include 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.
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 December 31, 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 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, 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) 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; and (xiii) 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.
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