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Starwood Property Trust Inc upsizes existing credit facility to $1.0 bln

Thursday, 30 Jan 2014 05:02pm EST 

Starwood Property Trust Inc:Says that it has amended its existing credit facility with Wells Fargo Bank, National Association to increase available borrowings under the facility by $450 million to $1.0 billion.Says the facility, which the company originally entered into in December 2010, was extended an additional minimum term of five years and is now set to initially mature in January 2019.Says it also improved the pricing of the facility and made other structural changes to conform the facility to current market standards.Says will use the additional proceeds to fund its loan origination and acquisition pipeline. 

Company Quote

-0.12 -0.56%
28 Aug 2015