Starwood Property Trust Prices Private Offering of Sustainability Bonds
GREENWICH, Conn. , June 29, 2021 |PRNewswire| -- Starwood Property Trust, Inc. (NYSE: STWD ) (the "Company") today announced that it has priced its private offering of $400 million aggregate principal amount of its 3.625% unsecured senior notes due 2026 (the "Notes"). The Notes priced at 100.00% of the principal amount and the settlement of the offering is expected to occur on July 14, 2021 , subject to customary closing conditions. 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.
Starwood Property Trust Prices Private Offering of Sustainability Bonds
GREENWICH, Conn. , June 29, 2021 |PRNewswire| -- Starwood Property Trust, Inc. (NYSE: STWD ) (the "Company") today announced that it has priced its private offering of $400 million aggregate principal amount of its 3.625% unsecured senior notes due 2026 (the "Notes"). The Notes priced at 100.00% of the principal amount and the settlement of the offering is expected to occur on July 14, 2021 , subject to customary closing conditions. 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.