Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Other Events

ME Staff 8-k
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Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Other Events
Item 8.01 Other Events.

Senior Notes Offering

On November27, 2017, Starwood Property Trust,Inc., a Maryland corporation (the “Company”), issued a press release announcing that it had commenced a private offering of $500 million aggregate principal amount of its unsecured senior notes due March 2025 (the “Notes”). A copy of such press release is attached hereto as Exhibit99.1 and is incorporated by reference herein.

The Company intends to use all or substantially all of the net proceeds from the offering to repay a portion of the amount outstanding under its existing repurchase agreements and to use any remaining net proceeds for other general corporate purposes, which may include the repayment of indebtedness under its warehouse facilities and other indebtedness, the origination and purchase of additional commercial mortgage loans and other target assets and investments, the payment of other liabilities and other working capital needs. Amounts that the Company may repay under its revolving repurchase or credit facilities may be re-borrowed, subject to customary conditions.

The Notes will be offered only to qualified institutional buyers in reliance on Rule144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. persons to Regulation S under the Securities Act. The Notes will not initially be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

The information contained in this Current Report on Form8-K, including exhibit hereto, is neither an offer to sell nor a solicitation of an offer to purchase any of the Notes or any other securities.

Ratios of Earnings to Fixed Charges

The Company is filing (i)as Exhibit12.1 to this Current Report on Form8-K, a Statement of Computation of Ratios of Earnings to Fixed Charges, which includes the calculation of its historical ratios of earnings to fixed charges for the nine months ended September30, 2017 and the years ended December31, 2016, 2015, 2014, 2013, and 2012 and (ii)as Exhibit12.2 to this Current Report on Form8-K, a Statement of Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Stock Dividends, which includes the calculation of its historical ratios of ratios of earnings to combined fixed charges and preferred stock dividends for the nine months ended September30, 2017 and the years ended December31, 2016, 2015, 2014, 2013, and 2012.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits


STARWOOD PROPERTY TRUST, INC. Exhibit
EX-12.1 2 a17-26315_2ex12d1.htm EX-12.1 Exhibit 12.1   Starwood Property Trust,…
To view the full exhibit click here

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.