Starwood Property Trust (STWD) Prices 16M Share Offering at $24.82/sh
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Starwood Property Trust Announces Pricing of Common Stock Offering
December 7, 2021 10:15 PM ESTGREENWICH, Conn., Dec. 7, 2021 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 16,000,000 shares of its common stock for total estimated gross proceeds of approximately $397.1 million (or approximately $456.7 million if the option to purchase additional shares is exercised in full). The underwriters have a 30-day option to purchase up to an additional 2,400,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on December 10, 2021. All of the shares will be issued under the... More
