Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On September15, 2017, Starwood Property Trust,Inc. (the “Company”) exercised its option under the Fifth Amended and Restated Master Repurchase and Securities Contract (the “Fifth Wells Repurchase Agreement”; and the financing facility provided thereunder, the “Wells Repurchase Facility”), among Starwood Property Mortgage Sub-2, L.L.C., Starwood Property Mortgage Sub-2-A, L.L.C. and SPT CA Fundings 2, LLC, each, an indirect wholly-owned subsidiary of the Company, and Wells Fargo Bank, National Association (“Wells Fargo”) to increase the maximum financings available under the Wells Repurchase Facility from $1.80 billion to $2 billion, which increase was agreed to by Wells Fargo.
About Starwood Property Trust,Inc. (NYSE:STWD)
Starwood Property Trust, Inc. is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes servicing businesses in the United States and Europe that manage and work out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.