Starwood Property Trust Announces Public Offering of Common Stock
Starwood Property Trust (NYSE:STWD) has announced a public offering of 25,500,000 shares of its common stock, with underwriters having a 30-day option to purchase an additional 3,825,000 shares. The offering will be managed jointly by BofA Securities and Wells Fargo Securities.
The company plans to use the proceeds primarily to fund its pending acquisition of Fundamental Income Properties, LLC. Alternative uses include originating commercial mortgage loans, purchasing target assets, or general corporate purposes such as repaying outstanding indebtedness under repurchase facilities.
[ "Potential expansion through acquisition of Fundamental Income Properties", "Strategic debt reduction opportunity through repayment of repurchase facilities", "Strong institutional backing with BofA Securities and Wells Fargo Securities as joint book-runners" ]Starwood Property Trust (NYSE:STWD) ha annunciato un'offerta pubblica di 25.500.000 azioni delle sue azioni ordinarie, con un'opzione per gli underwriter di acquistare ulteriori 3.825.000 azioni entro 30 giorni. L'offerta sarà gestita congiuntamente da BofA Securities e Wells Fargo Securities.
L'azienda prevede di utilizzare i proventi principalmente per finanziare l'acquisizione in sospeso di Fundamental Income Properties, LLC. Altri utilizzi includono l'erogazione di mutui commerciali, l'acquisto di asset target o scopi aziendali generali come il rimborso di debiti esistenti sotto strutture di riacquisto.
Starwood Property Trust (NYSE:STWD) ha anunciado una oferta pública de 25.500.000 acciones de sus acciones comunes, con una opción para los suscriptores de comprar 3.825.000 acciones adicionales en un plazo de 30 dÃas. La oferta será gestionada conjuntamente por BofA Securities y Wells Fargo Securities.
La compañÃa planea utilizar los ingresos principalmente para financiar su adquisición pendiente de Fundamental Income Properties, LLC. Otros usos incluyen originar préstamos hipotecarios comerciales, comprar activos objetivo o fines corporativos generales como el pago de deudas pendientes bajo acuerdos de recompra.
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Starwood Property Trust (NYSE:STWD) a annoncé une offre publique de 25 500 000 actions ordinaires, avec une option pour les souscripteurs d'acheter 3 825 000 actions supplémentaires dans les 30 jours. L'offre sera gérée conjointement par BofA Securities et Wells Fargo Securities.
La société prévoit d'utiliser les fonds principalement pour financer son acquisition en attente de Fundamental Income Properties, LLC. D'autres utilisations possibles incluent l'octroi de prêts hypothécaires commerciaux, l'achat d'actifs cibles ou des besoins généraux d'entreprise tels que le remboursement des dettes en cours dans le cadre d'accords de rachat.
Starwood Property Trust (NYSE:STWD) hat eine öffentliche Platzierung von 25.500.000 Aktien seiner Stammaktien angekündigt, wobei die Zeichner eine 30-tägige Option zum Kauf von zusätzlichen 3.825.000 Aktien haben. Das Angebot wird gemeinsam von BofA Securities und Wells Fargo Securities verwaltet.
Das Unternehmen plant, die Erlöse hauptsächlich zur Finanzierung der bevorstehenden Übernahme von Fundamental Income Properties, LLC zu verwenden. Alternative Verwendungen umfassen die Vergabe von gewerblichen Hypothekendarlehen, den Erwerb von Zielvermögen oder allgemeine Unternehmenszwecke wie die Rückzahlung ausstehender Verbindlichkeiten aus Rückkaufvereinbarungen.
- None.
- Significant shareholder dilution from 25.5M share offering
- Additional potential dilution of 3.825M shares through underwriters' option
- Increased dependence on successful completion of Fundamental Income Properties acquisition
Insights
STWD is raising capital through a 25.5M share offering to fund its acquisition of Fundamental Income Properties.
Starwood Property Trust (STWD) has announced a public offering of 25,500,000 shares of common stock with underwriters having a 30-day option to purchase an additional 3,825,000 shares. This significant capital raise serves a strategic purpose - funding the company's recently announced pending acquisition of Fundamental Income Properties, LLC.
The company has structured this offering with BofA Securities and Wells Fargo Securities as joint book-running managers, indicating a substantial, well-coordinated capital markets transaction. The offering is being conducted under an existing shelf registration statement, suggesting efficient use of pre-established regulatory approvals.
While the press release doesn't specify the pricing, this offering represents meaningful dilution for existing shareholders. Based on STWD's current shares outstanding of approximately 314 million, this offering would increase the share count by roughly
The secondary purpose for the proceeds includes potentially originating and purchasing commercial mortgage loans and other target assets, as well as possibly repaying outstanding indebtedness under repurchase facilities. This flexibility in capital allocation suggests prudent balance sheet management, with debt reduction as a potential alternative use of funds.
This offering reflects STWD's aggressive growth strategy through acquisition while simultaneously indicating the company is pursuing external funding rather than relying solely on existing capital resources or debt facilities to finance its expansion initiatives.
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 will serve as joint book-running managers 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 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;Â (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:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
·¡³¾²¹¾±±ô:Ìý[email protected]
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SOURCE Starwood Property Trust, Inc.