Business
Starwood Property Trust Announces Pricing of Common Stock Offering
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 25,500,000 shares of its common stock for total estimated gross proceeds of approximately $508 million (or approximately $584 million if the option to purchase additional shares is exercised in full). The underwriters have a 30-day option from the date of the offering to purchase up to an additional 3,825,000 shares from the Company. Settlement of the offering is subject t
About this update from Starwood Property Trust Inc.
[{"type":"text","content":"MIAMI BEACH, Fla., July 16, 2025 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 25,500,000 shares of its common stock for total estimated gross proceeds of approximately $508 million (or approximately $584 million if the option to purchase additional shares is exercised in full). The underwriters have a 30-day option from the date of the offering to purchase up to an additional 3,825,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on July 18, 2025. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.","length":795,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds received from the offering to fund a portion of the purchase price for the Company's recently announced pending acquisition of Fundamental Income Properties, LLC. The Company may also use a portion of the net proceeds (or all of the net proceeds, in the unlikely event the acquisition does not close) to originate and purchase commercial mortgage loans and other target assets and investments, or for other general corporate purposes, including, but not limited to, the repayment of outstanding indebtedness under the Company's repurchase facilities.","length":602,"tagName":"p"},{"type":"text","content":"BofA Securities and Wells Fargo Securities are serving as underwriters for the offering.","length":93,"tagName":"p"},{"type":"text","content":"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: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, email: [email protected]; or Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, Minnesota 55402, email: [email protected], telephone: 1-800-645-3751 (option #5).","length":491,"tagName":"p"},{"type":"text","content":"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...