04:21 AM EDT, 09/04/2024 (MT Newswires) -- Starwood Property Trust ( STWD ) said late Tuesday it priced an offering of 17.5 million shares for expected gross proceeds of about $345.1 million.
The company said underwriters have a 30-day option to purchase up to about 2.6 million additional shares. Gross proceeds will be roughly $396.9 million if underwriters exercise the purchase option fully.
The settlement of the offering will likely be on Thursday.
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