Starwood Property Trust (STWD) Announces 16M Share Public Offering of Common Stock

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Go back to Starwood Property Trust (STWD) Announces 16M Share Public Offering of Common Stock

Starwood Property Trust Announces Public Offering of Common Stock

December 7, 2021 4:05 PM EST

GREENWICH, Conn., Dec. 7, 2021 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that, subject to market and other conditions, it is offering 16,000,000 shares of its common stock in an underwritten public offering.  The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 2,400,000 shares from the Company.  All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.

The Company intends to use the net proceeds received from the... More