Starwood Property Trust Announces Private Offering of Sustainability Bonds
GREENWICH, Conn. , June 29, 2021 |PRNewswire| -- Starwood Property Trust, Inc. (NYSE: STWD ) (the "Company") today announced that, subject to market and other conditions, it is offering $400 million aggregate principal amount of its unsecured senior notes due 2026 (the "Notes") in a private offering. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and|or social projects. Eligible green and|or social projects are projects that meet specified eligibility criteria in alignment with the four core pillars of the Green Bond Principles, 2018, Social Bond Principles, 2020 and Sustainability Bond Guidelines, 2018, and include investments in, financings of and|or acquisitions of one or more of the following: (i) renewable energy, (ii) green buildings and (iii) affordable housing. Net proceeds allocated to previously incurred costs associated with eligible green and|or social projects will be available for the repayment of indebtedness previously incurred.
Starwood Property Trust Announces Private Offering of Sustainability Bonds
GREENWICH, Conn. , June 29, 2021 |PRNewswire| -- Starwood Property Trust, Inc. (NYSE: STWD ) (the "Company") today announced that, subject to market and other conditions, it is offering $400 million aggregate principal amount of its unsecured senior notes due 2026 (the "Notes") in a private offering. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and|or social projects. Eligible green and|or social projects are projects that meet specified eligibility criteria in alignment with the four core pillars of the Green Bond Principles, 2018, Social Bond Principles, 2020 and Sustainability Bond Guidelines, 2018, and include investments in, financings of and|or acquisitions of one or more of the following: (i) renewable energy, (ii) green buildings and (iii) affordable housing. Net proceeds allocated to previously incurred costs associated with eligible green and|or social projects will be available for the repayment of indebtedness previously incurred.