Starwood Property Trust Prices $500M Senior Notes Offering Due 2029
STWD is trading near its 52-week low of $16.58 (0.4% above the low).
Summary
Starwood Property Trust priced a $500 million private offering of 5.875% unsecured senior notes due 2029, primarily to refinance existing debt and for general corporate purposes.
Key Events · Financing and Capital Events · STWD
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$500 Million Senior Notes Priced
The company priced a private offering of $500 million aggregate principal amount of 5.875% unsecured senior notes due 2029 at 100.0% of principal amount. This finalizes the terms of the offering announced on June 25, 2026.
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Refinancing and General Corporate Use
Proceeds will primarily refinance $500 million of 4.375% Senior Notes due 2027, or be used for general corporate purposes and repayment of repurchase facilities. The notes are designated as sustainability bonds for green and/or social projects.
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Maturity Extension at Higher Rate
This offering extends the maturity of $500 million in debt from 2027 to 2029, but at a higher interest rate (5.875% vs. 4.375%) compared to the notes being refinanced.
Analysis · STWD · Real Estate & Construction
Starwood Property Trust has finalized the terms for its $500 million private offering of senior unsecured notes. This debt issuance, priced at a 5.875% interest rate and due in 2029, is primarily intended to refinance existing 4.375% senior notes maturing in 2027. While the new notes carry a higher interest rate, the offering successfully extends the maturity profile of a significant portion of the company's debt, providing crucial liquidity and financial flexibility, especially following a quarter with a substantial decline in EPS and loan foreclosures. The designation as 'sustainability bonds' also aligns with ESG investment criteria.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 32% of the 2040 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STWD was trading at $16.64 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $16.58 to $21.05. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.