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0 0 0 -0.00205233453052861 -0.000513083632632199 0.00256541816316063 0.00307337095946634 -0.0015289892252438
Stock impact report

Starwood Property Trust Completes Capital Markets Transactions [Yahoo! Finance]

STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. (STWD) 
Last starwood property trust, inc. starwood property trust inc. earnings: 2/25 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.starwoodpropertytrust.com
Company Research Source: Yahoo! Finance
The transactions will extend the weighted average remaining corporate debt maturity from 2.2 years to 3.5 years, significantly lower borrowing costs, and create $783 million of new capital to deploy. Upon repaying the December 2024 and March 2025 unsecured notes, Starwood Property Trust will have no corporate debt maturities until July 2026. Was this helpful? Yes No What were the specific transactions completed by Starwood Property Trust, and what were the terms of each transaction? The transactions included: (1) a new issue of $500 million 6.500% senior unsecured sustainability notes due July 2030, swapped to SOFR + 2.55%; (2) an extension of the $767 million July 2026 Term Loan B to January 2030 at 99.75% of par, with an upsized amount of $133 million and a reduced spread to SOFR + 2.25%; (3) an amendment to the revolving credit facility, increasing the size by $50 million to $200 million and extending the maturity from April 2026 to January 2030; and (4) a repricing of t Show less Read more
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