Starwood Property Trust Announces $500M Sustainability Bond Offering, Targets 2027 Debt Redemption
Summary
Starwood Property Trust announced a private offering of $500 million in unsecured senior notes due 2029. This follows a similar $600 million sustainability bond offering announced in May. The company plans to use the proceeds to finance eligible green and social projects, and/or redeem its $500 million 4.375% Senior Notes due 2027. This offering represents a material capital raise and a proactive step in managing its debt maturities.
At the time of this announcement, STWD was trading at $16.72 on NYSE in the Finance sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $16.60 to $21.05. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.