Starwood Property Trust Enters New Financial Obligation

TL;DR

Starwood Property Trust just signed a new deal creating a financial obligation. Details inside.

AI Summary

On October 10, 2024, Starwood Property Trust, Inc. entered into a material definitive agreement related to a financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial obligations are provided within the filing.

Why It Matters

This filing signals a new financial commitment or obligation for Starwood Property Trust, which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce new risks related to debt, interest rates, or the performance of underlying assets.

Key Players & Entities

• Starwood Property Trust, Inc. (company) — Registrant
• October 10, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common stock, $0.01 par value per share STWD New York Sto
• $400 million — mpany"), closed its private offering of $400 million aggregate principal amount of its 6.000

Filing Documents

• tm2425816d1_8k.htm (8-K) — 39KB
• tm2425816d1_ex4-1.htm (EX-4.1) — 801KB
• 0001104659-24-107731.txt ( ) — 1175KB
• stwd-20241010.xsd (EX-101.SCH) — 3KB
• stwd-20241010_lab.xml (EX-101.LAB) — 33KB
• stwd-20241010_pre.xml (EX-101.PRE) — 22KB
• tm2425816d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material

Item 1.01. Entry into a Material Definitive Agreement. Indenture and Senior Notes due 2030 On October 10, 2024, Starwood Property Trust, Inc., a Maryland corporation (the "Company"), closed its private offering of $400 million aggregate principal amount of its 6.000% unsecured senior notes due 2030 (the "Notes"), which priced on September 26, 2024. The Notes were issued under an indenture, dated as of October 10, 2024 (the "Indenture"), between the Company and The Bank of New York Mellon, as trustee. The Notes were issued in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to qualified institutional buyers within the United States in accordance with Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions in accordance with Regulation S under the Securities Act. The Notes are subject to restrictions on transfer and may only be offered or sold in transactions exempt from or not subject to the registration requirements of the Securities Act and other applicable securities laws. 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. 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. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness under the Company's repurchase facilities. The Notes are senior unsecured obligations of the Company and will mature on April 15, 2030. The Notes bear interest at a rate of 6.000% per year. Interest on the Notes will be paid semi-annually in arrears on each April 15 and October 15, com

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated herein by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 4.1 Indenture, dated as of October 10, 2024, between Starwood Property Trust, Inc. and The Bank of New York Mellon, as trustee (including the form of Starwood Property Trust, Inc.'s 6.000% Senior Notes due 2030). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 10, 2024 STARWOOD PROPERTY TRUST, INC. By: /s/ Jeffrey F. DiModica Name: Jeffrey F. DiModica Title: President