Starwood Property Trust Prices $500M 5.875% Sustainability Bonds Due 2029
STWD•Starwood Property Trust has priced a private offering of $500 million aggregate principal amount of unsecured senior notes due 2029 at a 5.875% coupon, issued at 100% of par. Proceeds will fund green and social projects and may redeem $500 million of 4.375% notes due 2027 or support general corporate purposes.
1. Offering Details
Starwood Property Trust has priced a private offering of $500 million aggregate principal amount of unsecured senior notes due 2029, carrying a 5.875% coupon. The notes were issued at 100% of par and are expected to settle on July 10, 2026, subject to customary closing conditions.
2. Use of Proceeds
Net proceeds are earmarked to finance or refinance recently completed or future eligible green and social projects. Pending full allocation, proceeds alongside cash on hand may be used to redeem up to $500 million of 4.375% senior notes due 2027 or for general corporate purposes, including debt repayments.
3. Terms and Eligibility
The notes were offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and will remain unregistered under the Securities Act. Transfer and resale of these notes in the U.S. will require an effective registration statement or an applicable exemption.
