Record New Investments
Starwood Property Trust committed $4.6 billion in new investments across businesses, including $2.2 billion in net lease, $1.4 billion in Commercial Lending, and a record $791 million in Infrastructure Lending, bringing total assets to a record $29.9 billion at quarter end.
Successful Refinancing and Capital Markets Activity
The company executed $3.9 billion of capital markets transactions, increasing the average corporate debt maturity to 3.8 years. This included $1.6 billion in term loan repricing, two high-yield issuances, a $700 million 7-year Term Loan B, and a $534 million equity raise.
Infrastructure Lending Growth
The Infrastructure Lending segment contributed $32 million of DE with a record $791 million of loans committed, and a sixth actively managed infrastructure CLO completed at a record low coupon.
Strong Servicing Segment Performance
The Investing and Servicing segment contributed $47 million of DE, with active servicing balances rising to $10.6 billion due to $300 million of net transfers in.