04:26 AM EST, 12/18/2024 (MT Newswires) -- Starwood Property Trust ( STWD ) said late Tuesday it priced a private offering of $500 million of its 6.5% unsecured senior notes due 2030 at 100% of the principal amount.

The offering was upsized from $400 million and is expected to settle on Dec. 27.

The company said it plans to use the net proceeds to finance recently completed or future eligible green and social projects, among other things.