Starwood Property Trust prices $600M senior notes at 6.125% to refinance 2026 debt

Filed May 12, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

• high

  STWD priced $600 million of 6.125% unsecured senior notes due 2031 at par, with settlement expected May 26, 2026. This represents a significant refinancing that will increase annual interest expense but extends debt maturity.

  Item 8.01 verify on EDGAR →
• high

  Proceeds will refinance $400 million of 3.625% notes maturing in 2026 and repay repurchase facility debt. The refinancing trades a lower rate (3.625%) for a higher one (6.125%) but pushes maturity out five years, reducing near-term refinancing risk.

  Item 8.01 verify on EDGAR →
• medium

  Company intends to allocate proceeds to green and social projects, with any unallocated amounts used for debt repayment and general corporate purposes. This aligns with ESG-focused capital allocation strategies.

  Item 8.01 verify on EDGAR →