Starwood Property Trust Launches $400 Million Private Offering

MT Newswires Live12-17

Starwood Property Trust (STWD) said Tuesday it is launching a private offering of $400 million of unsecured senior notes due 2030.

Starwood said it will use the net proceeds to repay $400 million of 3.750% senior notes due 2024.

The company also said it plans to allocate an amount equal to the net proceeds from the offering to finance or refinance green and social projects.

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