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)(以下简称“公司”)今天宣布,公司普通股的一项承销公开发行定价为1,750万份,总计约34510万美元(如行使全部股票额外购买选项,则约39690万美元) 。承销商有权在30天内从公司购买多达262.5万股。发行方案的结算将遵循惯例的结束条件,并预计于2024年9月5日完成。所有股份将根据公司目前有效的向美国证券交易委员会(SEC)提交的库存登记声明进行发行。
公司拟将募集的净收入用于发起和购买额外的商业抵押贷款和其他目标资产和投资。公司还可能将部分净收入用于其他一般公司用途,包括但不限于偿还公司回购设施下的未偿债务。
花旗集团、高盛 LLC 和摩根士丹利共同担任该发行项目的联席主承销商。
这些证券的发售仅通过招股说明书和相关招股说明书进行,可以通过以下方式获得招股说明书和相关招股说明书副本:花旗环球市场公司,c/o broadridge金融解决方案,1155 Long Island Avenue, Edgewood, NY 11717,电话:(800) 831-9146;高盛公司,招股部,200 West Street, New York, NY 10282,电话:1-866-471-2526,传真:212-902-9316,或通过电子邮件联系[email protected];或摩根士丹利公司,180 Varick Street, 2nd Floor, New York, NY 10014,Attn:发售资料部。
本新闻稿将不构成出售要约,或购买该证券的邀请,在任何国家或司法管辖区中,如果在任何该等州或司法管辖区根据任何该等州或司法管辖区的证券法规之前未按所要求登记或符合资格,则不得在该等国家或司法管辖区中出售该证券。
关于星伍德财产信托公司
作为全球私募投资公司Starwood Capital Group的联营公司,星木产权信托(Starwood Property Trust, Inc.)(NYSE:STWD)是一家以房地产和基础设施行业为核心的领先多元化金融公司。截至2024年6月30日,该公司自成立以来,成功投资部署了超过980亿美元的资本,并管理着总额为260亿美元的债务和股权投资组合。星木产权信托的投资目标是通过利用卓越的全球组织,在其目标资产的最佳风险调整回报投资上识别和执行,为股东创造有吸引力和稳定的回报,主要通过分红派息。
来源:Starwood Property Trust, Inc.