STWD · Starwood Property Trust, Inc.

Starwood Property Trust, Inc. (NYSE: STWD) announced the pricing of a private offering of $600 million aggregate principal amount of its 6.125% unsecured senior notes due 2031. The notes were priced at 100.0% of par, and settlement is expected on May 26, 2026, subject to customary closing conditions. The company intends to allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Pending full allocation, the net proceeds will be used to redeem or repay the company's $400 million outstanding aggregate principal amount of 3.625% Senior Notes due 2026 and for general corporate purposes, including repayment of outstanding indebtedness under its repurchase facilities. The offering was conducted privately to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and the notes will not be registered under the Securities Act. This financing strengthens the company's liquidity profile and aligns with its sustainability objectives, while also addressing near-term debt maturities.