Starwood Property Trust Announces $500M Sustainability Bonds Offering.

Starwood Property Trust has announced a private offering of $500 million in unsecured senior notes due 2028. The company plans to allocate proceeds to finance or refinance eligible green and/or social projects. Net proceeds will be available for repayment of previously incurred indebtedness. The offering is subject to market and other conditions.

Starwood Property Trust (NYSE: STWD) has announced a private offering of $500 million in unsecured senior notes due 2028. The company plans to allocate the proceeds to finance or refinance eligible green and/or social projects. Additionally, the net proceeds will be available for the repayment of previously incurred indebtedness. The offering is subject to market and other conditions.

The offering, which is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, is part of Starwood Property Trust's ongoing efforts to support sustainable development and social initiatives. The company has outlined that any proceeds applied to past project costs may be used to repay related debt, while the remaining funds will be used for general corporate purposes, including the repayment of outstanding indebtedness under the company's repurchase facilities.

This move aligns with the broader trend of corporations issuing sustainability-linked bonds to finance environmentally friendly and socially responsible projects. The offering is expected to provide Starwood Property Trust with additional funding to support its ongoing investment activity and capital deployment initiatives.

For more information on Starwood Property Trust's financial activities and recent earnings, refer to the company's press releases and financial statements.