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Starwood Property Trust Inc Announces Public Offering Of Common Stock

Monday, 9 Sep 2013 04:00pm EDT 

Starwood Property Trust Inc announced that it is offering 25,000,000 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 3,750,000 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 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. Citigroup, Deutsche Bank Securities and Wells Fargo Securities will serve as joint book-running managers for the offering. 

Company Quote

-0.05 -0.22%
11:58am EDT