GREENWICH, Conn., Sept. 3, 2024 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 17,500,000 shares of its common stock for total estimated gross proceeds of approximately $345.1 million (or approximately $396.9 million if the option to purchase additional shares is exercised in full). The underwriters have a 30-day option to purchase up to an additional 2,625,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on September 5, 2024. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.
The Company intends to use the net proceeds received from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments. The Company may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, the repayment of outstanding indebtedness under the Company's repurchase facilities.
Citigroup, Goldman Sachs & Co. LLC and Morgan Stanley are serving as joint book-running managers for the offering.
The offering of these securities may be made only by means of a prospectus and a related prospectus supplement, a copy of which may be obtained by contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Starwood Property Trust, Inc.
Starwood Property Trust, Inc. (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of June 30, 2024, the Company has successfully deployed over $98 billion of capital since inception and manages a portfolio of $26 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets.
SOURCE Starwood Property Trust, Inc.
2024年9月3日,康涅狄格州,/PRNewsWire/-- Starwood Property Trust(NYSE: STWD)(以下簡稱「公司」)今天宣佈,公司普通股的一項承銷公開發行定價爲1,750萬份,總計約34510萬美元(如行使全部股票額外購買選項,則約39690萬美元) 。承銷商有權在30天內從公司購買多達262.5萬股。發行方案的結算將遵循慣例的結束條件,並預計於2024年9月5日完成。所有股份將根據公司目前有效的向美國證券交易委員會(SEC)提交的庫存登記聲明進行發行。
公司擬將募集的淨收入用於發起和購買額外的商業抵押貸款和其他目標資產和投資。公司還可能將部分淨收入用於其他一般公司用途,包括但不限於償還公司回購設施下的未償債務。
花旗集團、高盛 LLC 和摩根士丹利共同擔任該發行項目的聯席主承銷商。
這些證券的發售僅通過招股說明書和相關招股說明書進行,可以通過以下方式獲得招股說明書和相關招股說明書副本:花旗環球市場公司,c/o broadridge金融解決方案,1155 Long Island Avenue, Edgewood, NY 11717,電話:(800) 831-9146;高盛公司,招股部,200 West Street, New York, NY 10282,電話:1-866-471-2526,傳真:212-902-9316,或通過電子郵件聯繫[email protected];或摩根士丹利公司,180 Varick Street, 2nd Floor, New York, NY 10014,Attn:發售資料部。
本新聞稿將不構成出售要約,或購買該證券的邀請,在任何國家或司法管轄區中,如果在任何該等州或司法管轄區根據任何該等州或司法管轄區的證券法規之前未按所要求登記或符合資格,則不得在該等國家或司法管轄區中出售該證券。
關於星伍德財產信託公司
作爲全球私募投資公司Starwood Capital Group的聯營公司,星木產權信託(Starwood Property Trust, Inc.)(NYSE:STWD)是一家以房地產和基礎設施行業爲核心的領先多元化金融公司。截至2024年6月30日,該公司自成立以來,成功投資部署了超過980億美元的資本,並管理着總額爲260億美元的債務和股權投資組合。星木產權信託的投資目標是通過利用卓越的全球組織,在其目標資產的最佳風險調整回報投資上識別和執行,爲股東創造有吸引力和穩定的回報,主要通過分紅派息。
來源:Starwood Property Trust, Inc.