Item 8.01 Other Events.

Private Offering of Unsecured Senior Notes. On October 19, 2020, Starwood Property Trust, Inc. (the "Company") issued a press release announcing that it had priced its private offering of $300 million aggregate principal amount of its 5.50% unsecured senior notes due 2023 (the "Notes"). The Notes priced at 100.00% of the principal amount and the settlement of the offering is expected to occur on November 2, 2020, subject to customary closing conditions. A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Eligible green and/or social projects are projects that meet specified eligibility criteria in alignment with the four core pillars of the Green Bond Principles, 2018, Social Bond Principles, 2020 and Sustainability Bond Guidelines, 2018, and include investments in, financings of and/or acquisitions of one or more of the following: (i) renewable energy, (ii) green buildings and (iii) affordable housing. Net proceeds allocated to previously incurred costs associated with Eligible Green and/or Social Projects will be available for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net proceeds to fund the redemption of the remaining $250 million outstanding principal amount of its 3.625% Senior Notes due 2021 (assuming the completion of the partial redemption of $250 million outstanding principal amount of such notes on November 2, 2020), and for general corporate purposes, which may include the repayment of outstanding indebtedness.

The Notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will not initially be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

The information contained in this Current Report on Form 8-K, including exhibit hereto, is neither an offer to sell nor a solicitation of an offer to purchase any of the Notes or any other securities.

Item 9.01. Financial Statements and Exhibits.






(d)                Exhibits



Exhibit
Number                                   Description

  99.1       Press Release dated October 19, 2020 issued by Starwood Property
           Trust, Inc.

104        Cover Page Interactive Data File (embedded within the Inline XBRL
           document)

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