FX.co ★ Starwood Property Trust Announces Offering Of 17.5 Mln Shares

Starwood Property Trust, Inc. (STWD) announced on Tuesday a public offering of 17.5 million shares. The company intends to utilize the proceeds to originate and acquire additional commercial mortgage loans, as well as other targeted assets and investments. Additionally, Starwood Property has extended a 30-day option to underwriters to purchase up to an additional 2.625 million shares.