Starwood Property to partially repay term loan debt via note proceeds

By Tali Rackner

Norfolk, Va., Dec. 5 – Starwood Property Trust, Inc. plans to repay a portion of the amount outstanding under its existing $653.2 million term loan agreement with the net proceeds from a $500 million senior unsecured note offering, according to a press release.

Proceeds will also be used for other general corporate purposes, which may include the payment of liabilities and other working capital needs.

Starwood Property Trust is a Greenwich, Conn.-based company that originates, acquires, finances and manages commercial mortgage loans and other commercial real estate debt investments.

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