|Bid||15.09 x 1000|
|Ask||15.10 x 1300|
|Day's Range||14.97 - 15.22|
|52 Week Range||7.59 - 26.33|
|Beta (5Y Monthly)||1.44|
|PE Ratio (TTM)||11.11|
|Forward Dividend & Yield||1.92 (12.85%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||N/A|
Moody's Investors Service has assigned a Ba3 rating to Starwood Property Trust, Inc.'s (Starwood) senior unsecured notes. The Ba3 rating assigned to the proposed notes is based on Starwood's ba2 standalone assessment, the priority and proportion of the notes in Starwood's debt capital structure, and the strength of the notes' asset coverage. Terms of the notes are consistent with those of Starwood's existing senior unsecured notes.
Starwood Property Trust Inc. said Monday it is offering $300 million in unsecured senior notes that mature in 2023 in private offering. Proceeds will be used to finance or refinance recently completed of future eligible green and/or social projects. The company is also planning to use proceeds to redeem the remaining $250 million outstanding principal amount of its 3.625% bonds due 2021.
Moody's Investors Service, ("Moody's") has assigned a Ba2 rating to the Term Loan B add-on issued by Starwood Property Mortgage, LLC, an indirect, wholly-owned subsidiary of commercial real estate lender and investor Starwood Property Trust, Inc. (Starwood). The Ba2 rating assigned to Starwood's Term Loan B based on Starwood's Ba2 corporate family credit profile, the senior secured priority of the loan in the company's capital hierarchy and strong collateral coverage. Proceeds of the add-on will be used to repay Starwood's outstanding senior unsecured notes maturing in February 2021.