(RTTNews) - Starwood Property Trust, Inc. (STWD), a multifaceted financial services firm, revealed plans on Monday to issue $500 million in aggregate principal amount of unsecured senior notes maturing in 2028 through a private placement.



The company intends to utilize the net proceeds for various corporate purposes, potentially including the settlement of outstanding debts under its existing repurchase agreements.

Furthermore, Starwood Property Trust aims to allocate an amount equivalent to the net proceeds towards financing or refinancing, either partially or fully, recently completed or upcoming eligible green and/or social initiatives.

The firm also indicated that funds earmarked for previously incurred expenses related to such projects may be directed towards repaying associated debts.

During pre-market trading on the New York Stock Exchange, Starwood Property Trust's stock experienced a modest uptick of 0.35%.
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