Starwood Property Trust, Inc. has announced an update regarding its acquisition of Fundamental Income Properties, LLC. The company has entered into an Underwriting Agreement with BofA Securities, Inc. and Wells Fargo Securities, LLC for the issuance and sale of 25,500,000 shares of its common stock, expecting to generate net proceeds of approximately $501.5 million. These funds are intended to finance a portion of the acquisition's purchase price. The company also provided the underwriters a 30-day option to purchase an additional 3,825,000 shares, which could increase net proceeds to approximately $576.9 million. The offering successfully concluded on July 18, 2025.
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