Starwood Property Trust Files 8-K

TL;DR

Starwood Property Trust filed a routine 8-K on 12/17/24. No major news yet.

AI Summary

Starwood Property Trust, Inc. filed an 8-K on December 17, 2024, to report on other events and financial statements and exhibits. The filing does not contain specific details about new transactions or financial figures within the provided text, but indicates a standard regulatory update.

Why It Matters

This filing serves as a public record of significant corporate events or financial updates for Starwood Property Trust, Inc., providing transparency to investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report and does not disclose any immediate material risks or adverse events.

Key Players & Entities

• Starwood Property Trust, Inc. (company) — Registrant
• December 17, 2024 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• 001-34436 (identifier) — Commission File Number
• 27-0247747 (identifier) — IRS Employer Identification No.
• 591 West Putnam Avenue Greenwich, CT 06830 (address) — Principal executive offices
• (203) 422-7700 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common stock, $0.01 par value per share STWD New York Sto
• $100 m — e the size of the term loan facility by $100 million, to $689.5 million, and reduce th
• $689.5 m — term loan facility by $100 million, to $689.5 million, and reduce the annual interest r
• $133.2 m — e the size of the term loan facility by $133.2 million, to $900 million, reduce the annu
• $900 m — erm loan facility by $133.2 million, to $900 million, reduce the annual interest rate
• $380.0 million — with respect to an existing tranche of $380.0 million and an annual interest rate of SOFR + 3
• $386.8 million — espect to the other existing tranche of $386.8 million), and extend the maturity date from Jul
• $50 m — ize of the revolving credit facility by $50 million, to $200 million, and extend the
• $200 m — ving credit facility by $50 million, to $200 million, and extend the maturity date fro
• $75 million — the Company's term loans with more than $75 million outstanding is scheduled to mature). Th
• $400 million — it had commenced a private offering of $400 million aggregate principal amount of its unsec

Filing Documents

• tm2431165d1_8k.htm (8-K) — 29KB
• tm2431165d1_ex99-1.htm (EX-99.1) — 9KB
• tm2431165d1_ex99-1img01.jpg (GRAPHIC) — 3KB
• 0001104659-24-129189.txt ( ) — 216KB
• stwd-20241217.xsd (EX-101.SCH) — 3KB
• stwd-20241217_lab.xml (EX-101.LAB) — 33KB
• stwd-20241217_pre.xml (EX-101.PRE) — 22KB
• tm2431165d1_8k_htm.xml (XML) — 3KB

01 Regulation FD

Item 7.01 Regulation FD. In connection with the below described private financing transaction, Starwood Property Trust, Inc. (the "Company") anticipates disclosing to prospective investors the below information that has not been previously publicly reported. The Company currently expects to enter into amendments to (i) its term loan agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders party thereto from time to time, dated as of November 18, 2022 (the "MS Term Loan Credit Agreement"), and (ii) its term loan agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto from time to time, dated as July 26, 2019 (the "JPM Term Loan Credit Agreement"), on or about December 23, 2024 and January 2, 2025, respectively. With respect to the MS Term Loan Credit Agreement, the Company expects that the amendment will increase the size of the term loan facility by $100 million, to $689.5 million, and reduce the annual interest rate from SOFR + 2.75% to SOFR + 2.25%, with the repriced loans and incremental loans thereunder priced at par. With respect to the JPM Term Loan Credit Agreement, the Company expects that the amendment will increase the size of the term loan facility by $133.2 million, to $900 million, reduce the annual interest rate to SOFR + 2.25% (from an annual interest rate of SOFR + 2.60% with respect to an existing tranche of $380.0 million and an annual interest rate of SOFR + 3.35% with respect to the other existing tranche of $386.8 million), and extend the maturity date from July 2026 to January 2030, with the repriced loans and incremental loans thereunder priced at 99.75% of par. The closing of each of these amendments is subject to the completion of documentation and customary closing conditions, and there can be no assurance that these amendments will be entered into on the terms described herein, or at all. Following the anticipated closings of the amendments to the MS Term Loan

01 Other Events

Item 8.01 Other Events. On December 17, 2024, the Company issued a press release announcing that it had commenced a private offering of $400 million aggregate principal amount of its unsecured senior notes due 2030 (the "Notes"). A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. 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 to repay the Company's $400 million outstanding aggregate principal amount of 3.750% Senior Notes due 2024. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, and non-U.S. persons outside the United States 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. The information contained in this Current Report on Form 8-K, including the exhibit hereto, is neither an offer to sell nor a solicitation of an offer to purchase any of the Notes or any other securities.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated December 17, 2024 issued by Starwood Property Trust, Inc. 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: December 17, 2024 STARWOOD PROPERTY TRUST, INC. By: /s/ Jeffrey F. DiModica Name: Jeffrey F. DiModica Title: President