Starwood Property Trust Offers $500M Senior Notes for Green/Social Projects

Starwood Property Trust is offering $500 million of unsecured senior notes due 2028, with proceeds intended to finance or refinance green and/or social projects. Pending full allocation, proceeds will be used for general corporate purposes, including repaying outstanding indebtedness.

Starwood Property Trust (NYSE: STWD) has announced a private offering of $500 million in unsecured senior sustainability bonds due 2028. The offering will be exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S Starwood Property Trust Announces Private Offering of Sustainability Bonds^[1].

The company plans to use the net proceeds to finance or refinance eligible green and/or social projects. Pending full allocation, funds may also be used for general corporate purposes, including the repayment of outstanding indebtedness under the company's repurchase facilities Starwood Property Trust Announces Private Offering of Sustainability Bonds^[1].

This issuance underscores Starwood Property Trust's commitment to sustainable investing and its ongoing efforts to meet environmental, social, and governance (ESG) standards. The proceeds from the bonds will support the company's initiatives in green and social projects, aligning with broader industry trends towards sustainable finance.

Investors and financial professionals should closely monitor the allocation and utilization of these funds to assess their impact on Starwood Property Trust's financial health and its overall sustainability goals.