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Starwood Property Trust Prices Offering of 17.5 Million Shares
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Starwood Property Trust Prices Offering of 17.5 Million Shares
Sep 6, 2024 2:10 AM

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.

Price: 19.97, Change: -0.58, Percent Change: -2.83

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