Starwood (STWD) Prices 20M Common Offering
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Starwood Property Trust, Inc. (NYSE: STWD) has priced an underwritten public offering of 20,000,000 shares of its common stock.
The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on April 20, 2012. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.
The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on April 20, 2012. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.
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