{"success":true,"data":{"pressRelease":{"id":"73793","rtpr_id":"nPn7pm6Qga","ticker":"STWD","exchange":"NYSE","all_tickers":["STWD"],"title":"Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds","author":"PR Newswire","published_at":"2026-06-25T21:41:47.126Z","article_body":"Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds\n\nPR Newswire\n\nMIAMI BEACH, Fla., June 25, 2026\n\nMIAMI BEACH, Fla., June 25, 2026 /PRNewswire/ -- Starwood Property Trust, Inc.\n(NYSE: STWD) (the \"Company\") today announced that it has priced its private\noffering of $500 million aggregate principal amount of its 5.875% unsecured\nsenior notes due 2029 (the \"Notes\"). The Notes priced at 100.0% of the\nprincipal amount and the settlement of the offering is expected to occur on\nJuly 10, 2026, subject to customary closing conditions.\n\nThe Company intends to allocate an amount equal to the net proceeds from the\noffering to finance or refinance, in whole or in part, recently completed or\nfuture eligible green and/or social projects. Net proceeds allocated to\npreviously incurred costs associated with eligible green and/or social\nprojects will be available for the repayment of indebtedness previously\nincurred. Pending full allocation of an amount equal to the net proceeds to\neligible green and/or social projects, the Company intends to use the net\nproceeds, together with cash on hand, to fund its redemption of up to all of\nthe Company's $500 million outstanding aggregate principal amount of 4.375%\nSenior Notes due 2027 or for general corporate purposes, including the\nrepayment of outstanding indebtedness under the Company's repurchase\nfacilities.\n\nThe Notes were offered only to persons reasonably believed to be qualified\ninstitutional buyers in reliance on Rule 144A under the Securities Act of\n1933, as amended (the \"Securities Act\"), and non-U.S. persons outside the\nUnited States pursuant to Regulation S under the Securities Act. The Notes\nwill not be registered under the Securities Act or any state securities laws\nand may not be offered or sold in the United States absent an effective\nregistration statement or an applicable exemption from the registration\nrequirements of the Securities Act or any state securities laws.\n\nThis press release does not constitute a notice of redemption for the 4.375%\nSenior Notes due 2027. This press release shall not constitute an offer to\nsell, or the solicitation of an offer to buy, these securities, nor shall\nthere be any sale of these securities in any state or jurisdiction in which\nsuch offer, solicitation or sale would be unlawful prior to registration or\nqualification under the securities laws of any such state or jurisdiction.\n\nAbout Starwood Property Trust, Inc.\n\nStarwood Property Trust (NYSE: STWD), an affiliate of global private\ninvestment firm Starwood Capital Group, is a leading diversified finance\ncompany with a core focus on the real estate and infrastructure sectors. As of\nMarch 31, 2026, the Company has successfully deployed over $117 billion of\ncapital since inception and manages a portfolio of over $31 billion across\ndebt and equity investments. Starwood Property Trust's investment objective is\nto generate attractive and stable returns for shareholders, primarily through\ndividends, by leveraging a premiere global organization to identify and\nexecute on the best risk adjusted returning investments across its target\nassets.\n\nForward-Looking Statements\n\nStatements in this press release which are not historical fact may be deemed\nforward-looking statements within the meaning of Section 27A of the Securities\nAct and Section 21E of the Securities Exchange Act of 1934, as amended,\nincluding statements with respect to the anticipated settlement of the\noffering and the use of proceeds. Although the Company believes the\nexpectations reflected in any forward-looking statements are based on\nreasonable assumptions, it can give no assurance that its expectations will be\nattained. Factors that could cause actual results to differ materially from\nthe Company's expectations include: (i) factors described in the Company's\nAnnual Report on Form 10-K for the year ended December 31, 2025 and Quarterly\nReport on Form 10-Q for the quarter ended March 31, 2026, including those set\nforth under the captions \"Risk Factors\", \"Business\", and \"Management's\nDiscussion and Analysis of Financial Condition and Results of Operations\";\n(ii) defaults by borrowers in paying debt service on outstanding indebtedness;\n(iii) impairment in the value of real estate property securing the Company's\nloans or in which the Company invests; (iv) availability of mortgage\norigination and acquisition opportunities acceptable to the Company; (v)\npotential mismatches in the timing of asset repayments and the maturity of the\nassociated financing agreements; (vi) national and local economic and business\nconditions, including as a result of the impact of public health emergencies;\n(vii) the occurrence of certain geo-political events (such as wars, terrorist\nattacks and tensions between states, including global trade disputes related\nto tariffs) that affect the normal and peaceful course of international\nrelations; (viii) general and local commercial and residential real estate\nproperty conditions; (ix) changes in federal government policies; (x) changes\nin federal, state and local governmental laws and regulations; (xi) increased\ncompetition from entities engaged in mortgage lending and securities investing\nactivities; (xii) changes in interest rates; and (xiii) the availability of,\nand costs associated with, sources of liquidity.\n\nContact:\n\nStarwood Property Trust\nPhone: 203-422-7788\nEmail: investorrelations@stwdreit.com (mailto:investorrelations@stwdreit.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/starwood-property-trust-announces-pricing-of-private-offering-of-sustainability-bonds-302811324.html\n(https://www.prnewswire.com/news-releases/starwood-property-trust-announces-pricing-of-private-offering-of-sustainability-bonds-302811324.html)\n\nSOURCE Starwood Property Trust, Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7pm6Qga","title":"Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds","author":"PR Newswire","ticker":"STWD","created":"2026-06-25T21:41:47.126Z","tickers":["STWD"],"exchange":"NYSE","article_body":"Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds\n\nPR Newswire\n\nMIAMI BEACH, Fla., June 25, 2026\n\nMIAMI BEACH, Fla., June 25, 2026 /PRNewswire/ -- Starwood Property Trust, Inc.\n(NYSE: STWD) (the \"Company\") today announced that it has priced its private\noffering of $500 million aggregate principal amount of its 5.875% unsecured\nsenior notes due 2029 (the \"Notes\"). The Notes priced at 100.0% of the\nprincipal amount and the settlement of the offering is expected to occur on\nJuly 10, 2026, subject to customary closing conditions.\n\nThe Company intends to allocate an amount equal to the net proceeds from the\noffering to finance or refinance, in whole or in part, recently completed or\nfuture eligible green and/or social projects. Net proceeds allocated to\npreviously incurred costs associated with eligible green and/or social\nprojects will be available for the repayment of indebtedness previously\nincurred. Pending full allocation of an amount equal to the net proceeds to\neligible green and/or social projects, the Company intends to use the net\nproceeds, together with cash on hand, to fund its redemption of up to all of\nthe Company's $500 million outstanding aggregate principal amount of 4.375%\nSenior Notes due 2027 or for general corporate purposes, including the\nrepayment of outstanding indebtedness under the Company's repurchase\nfacilities.\n\nThe Notes were offered only to persons reasonably believed to be qualified\ninstitutional buyers in reliance on Rule 144A under the Securities Act of\n1933, as amended (the \"Securities Act\"), and non-U.S. persons outside the\nUnited States pursuant to Regulation S under the Securities Act. The Notes\nwill not be registered under the Securities Act or any state securities laws\nand may not be offered or sold in the United States absent an effective\nregistration statement or an applicable exemption from the registration\nrequirements of the Securities Act or any state securities laws.\n\nThis press release does not constitute a notice of redemption for the 4.375%\nSenior Notes due 2027. This press release shall not constitute an offer to\nsell, or the solicitation of an offer to buy, these securities, nor shall\nthere be any sale of these securities in any state or jurisdiction in which\nsuch offer, solicitation or sale would be unlawful prior to registration or\nqualification under the securities laws of any such state or jurisdiction.\n\nAbout Starwood Property Trust, Inc.\n\nStarwood Property Trust (NYSE: STWD), an affiliate of global private\ninvestment firm Starwood Capital Group, is a leading diversified finance\ncompany with a core focus on the real estate and infrastructure sectors. As of\nMarch 31, 2026, the Company has successfully deployed over $117 billion of\ncapital since inception and manages a portfolio of over $31 billion across\ndebt and equity investments. Starwood Property Trust's investment objective is\nto generate attractive and stable returns for shareholders, primarily through\ndividends, by leveraging a premiere global organization to identify and\nexecute on the best risk adjusted returning investments across its target\nassets.\n\nForward-Looking Statements\n\nStatements in this press release which are not historical fact may be deemed\nforward-looking statements within the meaning of Section 27A of the Securities\nAct and Section 21E of the Securities Exchange Act of 1934, as amended,\nincluding statements with respect to the anticipated settlement of the\noffering and the use of proceeds. Although the Company believes the\nexpectations reflected in any forward-looking statements are based on\nreasonable assumptions, it can give no assurance that its expectations will be\nattained. Factors that could cause actual results to differ materially from\nthe Company's expectations include: (i) factors described in the Company's\nAnnual Report on Form 10-K for the year ended December 31, 2025 and Quarterly\nReport on Form 10-Q for the quarter ended March 31, 2026, including those set\nforth under the captions \"Risk Factors\", \"Business\", and \"Management's\nDiscussion and Analysis of Financial Condition and Results of Operations\";\n(ii) defaults by borrowers in paying debt service on outstanding indebtedness;\n(iii) impairment in the value of real estate property securing the Company's\nloans or in which the Company invests; (iv) availability of mortgage\norigination and acquisition opportunities acceptable to the Company; (v)\npotential mismatches in the timing of asset repayments and the maturity of the\nassociated financing agreements; (vi) national and local economic and business\nconditions, including as a result of the impact of public health emergencies;\n(vii) the occurrence of certain geo-political events (such as wars, terrorist\nattacks and tensions between states, including global trade disputes related\nto tariffs) that affect the normal and peaceful course of international\nrelations; (viii) general and local commercial and residential real estate\nproperty conditions; (ix) changes in federal government policies; (x) changes\nin federal, state and local governmental laws and regulations; (xi) increased\ncompetition from entities engaged in mortgage lending and securities investing\nactivities; (xii) changes in interest rates; and (xiii) the availability of,\nand costs associated with, sources of liquidity.\n\nContact:\n\nStarwood Property Trust\nPhone: 203-422-7788\nEmail: investorrelations@stwdreit.com (mailto:investorrelations@stwdreit.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/starwood-property-trust-announces-pricing-of-private-offering-of-sustainability-bonds-302811324.html\n(https://www.prnewswire.com/news-releases/starwood-property-trust-announces-pricing-of-private-offering-of-sustainability-bonds-302811324.html)\n\nSOURCE Starwood Property Trust, Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-06-25T21:41:47.168407268Z","server_sent_at_ms":1782423707168},"received_at":"2026-06-25T21:41:47.220Z","source_url":"https://www.prnewswire.com/news-releases/starwood-property-trust-announces-pricing-of-private-offering-of-sustainability-bonds-302811324.html"},"analysis":{"id":"63159","press_release_id":"73793","analysis_json":{"industry":{"label":"Mortgage REITs","sector":"Real Estate"},"redFlags":["Refinancing lower-cost debt (4.375%) with higher-cost debt (5.875%) increases future interest expense."],"eventType":"debt_offering","narrative":"Starwood Property Trust priced a $500 million private offering of 5.875% unsecured senior notes due 2029 at par.\n\nProceeds are earmarked for green and social projects or to redeem up to all of the company's outstanding 4.375% Senior Notes due 2027.\n\nThe transaction extends the debt maturity profile by two years but refinances lower-cost debt with capital carrying a 150 basis point higher coupon.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Liability management trade extends duration at the cost of higher interest rates."},"keyFigures":{"dealValueUsd":500000000,"offeringPrice":100,"customDimensions":{"maturity_new":"2029","maturity_old":"2027","coupon_rate_new":"5.875%","coupon_rate_old":"4.375%"}},"quotedText":"The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects.","namedEntities":{"people":[],"products":["5.875% unsecured senior notes due 2029","4.375% Senior Notes due 2027","Sustainability Bonds"],"companies":[{"name":"Starwood Property Trust, Inc.","ticker":"STWD"},{"name":"Starwood Capital Group","relationship":"affiliate"}],"dollarAmounts":[{"amount":"$500 million","context":"aggregate principal amount of Notes"},{"amount":"$500 million","context":"outstanding aggregate principal amount of 4.375% Senior Notes due 2027"},{"amount":"$117 billion","context":"capital deployed since inception"},{"amount":"$31 billion","context":"portfolio value"}]},"materialImpact":{"score":3,"reasoning":"The company is refinancing $500 million of existing debt by issuing new notes at a higher interest rate (5.875% vs 4.375%), which will increase interest expense, though it extends the maturity profile."},"tickerRelevance":{"others":[],"primary":"STWD"},"globalImportance":20,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"routine_financing","sectorWeight":"real_estate"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Starwood Property Trust priced a $500 million private offering of 5.875% unsecured senior notes due 2029 at par.\n\nProceeds are earmarked for green and social projects or to redeem up to all of the company's outstanding 4.375% Senior Notes due 2027.\n\nThe transaction extends the debt maturity profile by two years but refinances lower-cost debt with capital carrying a 150 basis point higher coupon.","key_figures":{"dealValueUsd":500000000,"offeringPrice":100,"customDimensions":{"maturity_new":"2029","maturity_old":"2027","coupon_rate_new":"5.875%","coupon_rate_old":"4.375%"}},"named_entities":{"people":[],"products":["5.875% unsecured senior notes due 2029","4.375% Senior Notes due 2027","Sustainability Bonds"],"companies":[{"name":"Starwood Property Trust, Inc.","ticker":"STWD"},{"name":"Starwood Capital Group","relationship":"affiliate"}],"dollarAmounts":[{"amount":"$500 million","context":"aggregate principal amount of Notes"},{"amount":"$500 million","context":"outstanding aggregate principal amount of 4.375% Senior Notes due 2027"},{"amount":"$117 billion","context":"capital deployed since inception"},{"amount":"$31 billion","context":"portfolio value"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-25T21:43:47.495Z","global_importance":20,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","eventGravity":"routine_financing","sectorWeight":"real_estate"}},"durationMs":120267,"modelName":"george-droid-qwen-72b"}}