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.

On November27, 2017, Starwood Property Trust,Inc., a Maryland corporation (the “Company”), issued a press release announcing that it had priced its private offering (the “Offering”) of $500 million aggregate principal amount of its 4.750% unsecured senior notes due March 2025 (the “Notes”). The Notes priced at 99.249% of the principal amount and the settlement of the Offering is expected to occur on December4, 2017, subject to customary closing conditions. 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.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit

Exhibit Number

Description

99.1

Press Release dated November27, 2017 issued by Starwood Property Trust,Inc.


STARWOOD PROPERTY TRUST, INC. Exhibit
EX-99.1 2 a17-26315_3ex99d1.htm EX-99.1 Exhibit 99.1     Starwood Property Trust Prices Private Offering of Unsecured Senior Notes   GREENWICH,…
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.