Starwood Property Trust (STWD) closed a $500 million private offering of 5.875% unsecured senior notes due August 15, 2029. The company plans to use the net proceeds for eligible green or social projects, and pending that, may redeem up to all of its $500 million of 4.375% senior notes due 2027 or for general corporate purposes. The new notes rank equally with its other senior unsecured debt.
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