Starwood Property Trust to offer 25 million shares
Company plans to use the money to expand into commercial mortgages
Starwood Property Trust (STWD) is offering 25 million shares of its common stock in an underwritten public offering.
The firm plans to use the net proceeds to originate and purchase additional commercial mortgage loans and other target assets and investments.
Additionally, the company will use part of the net proceeds to cover general corporate expenses, including the payment of liabilities and other working capital needs.