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Starwood Property Trust Announces Adjustment of Conversion Rate for 4.00% Convertible Senior Notes Due 2019

Donnerstag, 28.06.2018 22:20 von PR Newswire

PR Newswire

GREENWICH, Conn., June 28, 2018 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced that the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 51.4738 from 50.9581 effective June 28, 2018 and subject to further adjustment as provided in the governing indenture. The adjustment has been made pursuant to the terms of the notes as a result of the cash dividend paid on April 13, 2018, which adjustment was deferred and carried forward as permitted under the indenture, and the cash dividend with an ex-dividend date of June 28, 2018 to be paid on July 13, 2018.

About Starwood Property Trust, Inc.

Starwood Property Trust, Inc. (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company's core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. Through its subsidiary LNR Property, LLC, the Company also operates as the largest commercial mortgage special servicer in the United States.

Contact:

Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com

Cision View original content:http://www.prnewswire.com/news-releases/starwood-property-trust-announces-adjustment-of-conversion-rate-for-4-00-convertible-senior-notes-due-2019--300674374.html

SOURCE Starwood Property Trust, Inc.