Starwood Property Trust Prices Private Offering Of $400M Of Its 6.000% Unsecured Senior Notes Due 2030
Portfolio Pulse from Benzinga Newsdesk
Starwood Property Trust has announced the pricing of a private offering of $400 million in 6.000% unsecured senior notes due in 2030. This move is likely to impact the company's financial structure and investor sentiment.
September 26, 2024 | 10:02 pm
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Starwood Property Trust has priced a private offering of $400 million in 6.000% unsecured senior notes due 2030. This could affect the company's leverage and interest expenses.
The issuance of $400M in senior notes will increase Starwood's debt, potentially affecting its leverage ratio and interest expenses. However, the impact on stock price is uncertain as it depends on how the market perceives the use of proceeds and the company's overall financial strategy.
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