Starwood Property Trust,Inc. (NYSE:STWD) Files An 8-K Other EventsItem 8.01 Other Events.
On August14, 2018, the Company issued a press release announcing that it had commenced a private offering of $300 million aggregate principal amount of its unsecured senior notes due 2023 (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 received 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 the Company’s warehouse facilities and other indebtedness, the origination and purchase of additional commercial mortgage loans and other target assets and investments, the payment of a portion of the purchase price for the Company’s pending acquisition of the energy project finance origination, underwriting and capital markets business of GE Capital Global Holdings, LLC, 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) Exhibits