GREENWICH, Conn., March 13,
2024 /PRNewswire/ -- Starwood Property Trust, Inc.
(NYSE: STWD) (the "Company") today announced that, subject to
market and other conditions, it is offering $400 million aggregate principal amount of its
unsecured senior notes due 2029 (the "Notes") in a private
offering.
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-U.S. persons outside the United
States pursuant to Regulation S under 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 in
the United States absent 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 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, 2023, the Company has successfully deployed over
$97 billion of capital since
inception and manages a portfolio of over $27 billion across 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 premiere global organization to identify
and execute on the best risk adjusted returning investments across
its target assets.
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, 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.