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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Dec. 8, 4:50 AM

Slide #13. Starwood Property Trust, Inc. Secondary Offering

Company: Starwood Property Trust, Inc. (NYSE:STWD)
Date announced: 12/5/2016
Shares Offered: 17,800,000
Date of Pricing: 12/5/2016
Price Per Share: $22.10
Secondary Offering Details: Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering 17,800,000 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 2,670,000 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. - updated 12/5- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 17,800,000 shares of its common stock for total estimated gross proceeds of approximately $394.3 million (or approximately $453.4 million if the option to purchase additional shares is exercised in full). The underwriters have a 30-day option to purchase up to an additional 2,670,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on December 9, 2016. All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.

Starwood Property Trust is a holding company. Co. conducts its operations as a real estate investment trust. Co. originates, acquires, finances and manages commercial mortgage loans and other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate investments in both the U.S. and Europe. Co.'s target assets include commercial real estate mortgage loans, other commercial real estate-related debt investments, residential mortgage-backed securities, certain residential mortgage loans, distressed or non-performing commercial loans, commercial properties subject to net leases and equity interests in commercial real estate.

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Company Name:  Starwood Property Trust Inc.
Stock buyback:  STWD buyback
Website:  www.starwoodpropertytrust.com
Sector:  REITs
Number of ETFs Holding STWD:  45
Total Market Value Held by ETFs:  $299.87M
Total Market Capitalization:  $5.46B
% of Market Cap. Held by ETFs:  5.49%
 

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December 8, 2016    4:50 AM Eastern
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