Starwood Property Trust, Inc.
STWD (the "Company") today announced that it is offering 14,500,000
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 2,175,000 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 offering to
originate and to purchase additional commercial mortgage loans and other
target assets and investments. The Company may also use a portion of the net
proceeds for other general corporate purposes, including, but not limited to,
the payment of liabilities and other working capital needs.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in