Starwood Property Trust Announces Pricing of Common Stock Offering
Starwood Property Trust (NYSE:STWD) has announced the pricing of a public offering of 25.5 million shares of common stock, expected to raise approximately $508 million in gross proceeds. The underwriters have a 30-day option to purchase an additional 3.825 million shares, which could increase total proceeds to $584 million.
The offering, expected to close on July 18, 2025, will primarily fund the company's pending acquisition of Fundamental Income Properties, LLC. Additional proceeds may be used to originate commercial mortgage loans, purchase target assets, or for general corporate purposes including debt repayment. BofA Securities and Wells Fargo Securities are serving as the offering's underwriters.
Starwood Property Trust (NYSE:STWD) ha annunciato il prezzo di un'offerta pubblica di 25,5 milioni di azioni ordinarie, con l'obiettivo di raccogliere circa 508 milioni di dollari di proventi lordi. Gli underwriter hanno un'opzione di 30 giorni per acquistare ulteriori 3,825 milioni di azioni, che potrebbe portare i proventi totali a 584 milioni di dollari.
L'offerta, che si prevede si concluda il 18 luglio 2025, servir脿 principalmente a finanziare l'acquisizione in corso della societ脿 Fundamental Income Properties, LLC. I proventi aggiuntivi potranno essere utilizzati per l'erogazione di mutui commerciali, l'acquisto di asset target o per scopi aziendali generali, inclusa la riduzione del debito. BofA Securities e Wells Fargo Securities sono gli underwriter dell'offerta.
Starwood Property Trust (NYSE:STWD) ha anunciado el precio de una oferta p煤blica de 25,5 millones de acciones comunes, con la expectativa de recaudar aproximadamente 508 millones de d贸lares en ingresos brutos. Los suscriptores tienen una opci贸n de 30 d铆as para comprar 3,825 millones de acciones adicionales, lo que podr铆a aumentar los ingresos totales a 584 millones de d贸lares.
La oferta, que se espera cierre el 18 de julio de 2025, financiar谩 principalmente la adquisici贸n pendiente de Fundamental Income Properties, LLC por parte de la compa帽铆a. Los ingresos adicionales podr铆an utilizarse para originar pr茅stamos hipotecarios comerciales, comprar activos objetivo o para fines corporativos generales, incluido el pago de deudas. BofA Securities y Wells Fargo Securities act煤an como suscriptores de la oferta.
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Starwood Property Trust (NYSE:STWD) a annonc茅 le prix d'une offre publique de 25,5 millions d'actions ordinaires, visant 脿 lever environ 508 millions de dollars de produit brut. Les souscripteurs disposent d'une option de 30 jours pour acheter 3,825 millions d'actions suppl茅mentaires, ce qui pourrait porter le produit total 脿 584 millions de dollars.
L'offre, dont la cl么ture est pr茅vue le 18 juillet 2025, financera principalement l'acquisition en cours de Fundamental Income Properties, LLC par la soci茅t茅. Les fonds suppl茅mentaires pourront 锚tre utilis茅s pour l'octroi de pr锚ts hypoth茅caires commerciaux, l'achat d'actifs cibl茅s ou 脿 des fins g茅n茅rales d'entreprise, y compris le remboursement de dettes. BofA Securities et Wells Fargo Securities agissent en tant que souscripteurs de l'offre.
Starwood Property Trust (NYSE:STWD) hat die Preisfestsetzung f眉r ein 枚ffentliches Angebot von 25,5 Millionen Stammaktien bekanntgegeben, mit dem voraussichtlich rund 508 Millionen US-Dollar Bruttoerl枚s erzielt werden. Die Underwriter haben eine 30-t盲gige Option zum Kauf von zus盲tzlichen 3,825 Millionen Aktien, was die Gesamterl枚se auf 584 Millionen US-Dollar erh枚hen k枚nnte.
Das Angebot, das voraussichtlich am 18. Juli 2025 abgeschlossen wird, dient haupts盲chlich der Finanzierung der bevorstehenden 脺bernahme von Fundamental Income Properties, LLC durch das Unternehmen. Zus盲tzliche Erl枚se k枚nnen zur Vergabe von Gewerbeimmobilienkrediten, zum Kauf von Zielverm枚gen oder f眉r allgemeine Unternehmenszwecke einschlie脽lich der Schuldenr眉ckzahlung verwendet werden. BofA Securities und Wells Fargo Securities fungieren als Underwriter des Angebots.
- Expected gross proceeds of $508 million (up to $584 million with additional shares)
- Strategic acquisition of Fundamental Income Properties to expand portfolio
- Flexibility in use of proceeds for commercial mortgage loans and debt repayment
- Significant shareholder dilution with 25.5 million new shares being issued
- Additional potential dilution if underwriters exercise their 30-day option for 3.825M shares
Insights
STWD raises $508M through stock offering to fund acquisition of Fundamental Income Properties, diluting shareholders but expanding portfolio.
Starwood Property Trust (STWD) has priced a significant public offering of 25.5 million shares of common stock, generating approximately
The primary purpose of this capital raise is to fund the acquisition of Fundamental Income Properties, a transaction STWD recently announced. This strategic move signals STWD's intention to expand its real estate investment portfolio, though specific details about Fundamental Income Properties' assets aren't provided in the release.
For existing shareholders, this offering represents
The company has included flexibility in its use of proceeds, noting it may deploy capital toward originating commercial mortgage loans or repaying existing debt under its repurchase facilities if the acquisition doesn't close. This indicates prudent contingency planning.
BofA Securities and Wells Fargo Securities are serving as the offering's underwriters, with settlement expected on July 18, 2025. The stock issuance is being conducted under STWD's existing shelf registration statement, suggesting the company had anticipated potential capital needs and prepared accordingly.
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.
BofA Securities and Wells Fargo Securities are serving as underwriters聽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: BofA Securities, NC1-022-02-25, 201 North Tryon Street,
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 (NYSE: STWD) is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm, Starwood Capital Group, the Company has successfully deployed
Forward-Looking Statements
Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with respect to the anticipated settlement of the offering and the use of proceeds. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include: (i) factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, including those set forth under the captions "Risk Factors", "Business", and "Management's Discussion and Analysis of Financial Condition and Results of Operations"; (ii) satisfaction or waiver of the conditions precedent to the consummation of the contemplated acquisition; (iii) unanticipated difficulties or expenditures relating to, or the failure to realize the benefits of, the contemplated acquisition, including in terms of the contemplated acquisition on our future performance; (iv) the Company's recently announced preliminary unaudited results for the three months ended June 30, 2025 are based upon the Company's estimates, are subject to completion of the Company's quarterly financial closing procedures and have not been reviewed by the Company's independent auditors; such preliminary unaudited results may differ materially from the Company's actual results and may be outside estimated ranges; (v) defaults by borrowers in paying debt service on outstanding indebtedness; (vi) impairment in the value of real estate property securing the Company's loans or in which the Company invests; (vii) availability of mortgage origination and acquisition opportunities acceptable to the Company; (viii) potential mismatches in the timing of asset repayments and the maturity of the associated financing agreements; (ix) national and local economic and business conditions, including as a result of the impact of public health emergencies; (x) the occurrence of certain geo-political events (such as wars, terrorist attacks and tensions between states, including global trade disputes related to tariffs) that affect the normal and peaceful course of international relations; (xi) general and local commercial and residential real estate property conditions; (xii) changes in federal government policies; (xiii) changes in federal, state and local governmental laws and regulations; (xiv) increased competition from entities engaged in mortgage lending and securities investing activities; (xv) changes in interest rates; and (xvi) the availability of, and costs associated with, sources of liquidity.
Contact:
窜补肠丑补谤测听罢补苍别苍产补耻尘
Starwood Property Trust
Phone: 203-422-7788
Email: [email protected]
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SOURCE Starwood Property Trust, Inc.
FAQ
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