GREENWICH, Conn., Nov. 27, 2017 /PRNewswire/ -- Starwood
Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has priced its private offering of $500 million aggregate principal amount of its 4.750% unsecured senior notes due March
2025 (the "Notes"). The Notes priced at 99.249% of the principal amount and the settlement of the offering is expected to
occur on December 4, 2017, subject to customary closing conditions.
The Company intends to use all or substantially all of the net proceeds from this offering to repay a portion of the amount
outstanding under its existing repurchase agreements and to use any remaining net proceeds for other general corporate purposes,
which may include the repayment of indebtedness under its warehouse facilities and other indebtedness, the origination and
purchase of additional commercial mortgage loans and other target assets and investments, the payment of other liabilities and
other working capital needs. Amounts that the Company may repay under its revolving repurchase or credit facilities may be
re-borrowed, subject to customary conditions.
The Notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes will not
initially be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the
registration requirements of the Securities Act or any state securities laws.
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, Inc. (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the
largest commercial mortgage real estate investment trust in the United States. The Company's
core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real
estate debt and equity investments. Through its subsidiary LNR Property, LLC, the Company also operates as the largest commercial
mortgage special servicer in the United States.
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 this 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, 2016 and its Quarterly Report on Form 10-Q for the quarter ended September 30,
2017, including those set forth under the captions "Risk Factors" and "Business"; (ii) defaults by borrowers in paying
debt service on outstanding indebtedness; (iii) impairment in the value of real estate property securing the Company's loans or
in which the Company invests; (iv) availability of mortgage origination and acquisition opportunities acceptable to the Company;
(v) potential mismatches in the timing of asset repayments and the maturity of the associated financing agreements; (vi) national
and local economic and business conditions; (vii) general and local commercial and residential real estate property conditions;
(viii) changes in federal government policies; (ix) changes in federal, state and local governmental laws and regulations; (x)
increased competition from entities engaged in mortgage lending and securities investing activities; (xi) changes in interest
rates; and (xii) the availability of, and costs associated with, sources of liquidity.
Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
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SOURCE Starwood Property Trust, Inc.