Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds
Starwood Property Trust priced a $600 million private offering of 6.125% unsecured senior notes due 2031 at par. The company intends to use net proceeds to redeem $400 million of 3.625% notes due 2026 and for general corporate purposes, pending allocation to eligible green and social projects.
Key figures
- Deal Value Usd
- 600000000
- Offering Price
- 100.0% of principal amount
- Coupon rate
- 6.125%
- Maturity year
- 2031
- Refinance amount
- 400000000
- Refinance coupon
- 3.625%
AI analysis
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