Starwood Property Trust, Inc. (NYSE: STWD) today announced that Starwood Property Mortgage LLC, a wholly owned subsidiary of the Company, has priced a $250 million term loan. The Term Loan B priced at L+350, matures in July 2026 (coterminous with SPM's existing $400 million term loan B), and is callable at any time.

"We are very pleased to have further diversified our balance sheet and extend our debt maturities. We will use the proceeds from the Term Loan B to repay a portion of our $500 million February 2021 senior notes when they open for repayment at par on November 1, 2020. We have ample liquidly today to pay off the remainder of the February 2021 notes, and as we have in the past, will opportunistically look to access the vastly improved debt markets to either accretively make new investments or reduce future debt maturities," stated Andrew Sossen, Chief Operating Officer of Starwood Property Trust.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm Starwood Capital Group, the Company has successfully deployed over $63 billion of capital since inception and manages a portfolio of over $17 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.