Starwood Property announces 17.5M share offering of common stock

Starwood Property Trust announced that, subject to market and other conditions, it is offering 17.5M shares of its common stock in an underwritten public offering. The company intends to use the net proceeds received from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments. The company may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, the repayment of outstanding indebtedness under the company’s repurchase facilities. Citigroup, Goldman Sachs & Co. and Morgan Stanley will serve as joint book-running managers for the offering.