Form 8-K

8-K — STARWOOD PROPERTY TRUST, INC.

Accession: 0001104659-26-058347

Filed: 2026-05-11

Period: 2026-05-11

CIK: 0001465128

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — tm2614042d3_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2614042d3_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

May 11, 2026

Starwood

Property Trust, Inc.

(Exact name of registrant as specified in its

charter)

Maryland

(State or other jurisdiction of

incorporation)

001-34436

(Commission File Number)

27-0247747

(IRS Employer Identification No.)

2340

Collins Avenue, Suite 700

Miami

Beach, FL

33139

(Address of principal

(Zip Code)

executive offices)

Registrant's telephone number, including area code:

(305) 695-5500

(Former name or former address, if changed since

last report.)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which

registered

Common

stock, $0.01 par value per share

STWD

New

York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities

Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging

growth company ¨

If an emerging growth

company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or

revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events.

On May 11, 2026, Starwood Property Trust, Inc.

(the “Company”) issued a press release announcing that it had commenced a private offering of $600 million aggregate principal

amount of its unsecured senior notes due 2031 (the “Notes”). A copy of such press release is attached hereto as Exhibit 99.1

and is incorporated by reference herein.

The Company intends to allocate an amount equal

to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or

social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available

for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green

and/or social projects, the Company intends to use the net proceeds to redeem or repay the Company’s $400 million outstanding aggregate

principal amount of 3.625% Senior Notes due 2026 and for general corporate purposes, including the repayment of outstanding indebtedness

under the Company’s repurchase facilities.

The Notes will be offered only to persons reasonably

believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities

Act”), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will not be registered

under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration

statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

This Current Report on

Form 8-K does not constitute a notice of redemption for the 3.625% Senior Notes due 2026. The information contained in this Current

Report on Form 8-K, including the exhibit hereto, is neither an offer to sell nor a solicitation of an offer to purchase any of

the Notes or any other securities.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

Exhibit

Number

Description

99.1

Press Release dated May 11, 2026 issued by Starwood Property Trust, Inc.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 11, 2026

STARWOOD PROPERTY TRUST, INC.

By:

/s/ Jeffrey F. DiModica

Name:

Jeffrey F. DiModica

Title:

President

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2614042d3_ex99-1.htm · Sequence: 2

Exhibit 99.1

Starwood Property Trust Announces Private Offering of

Sustainability

Bonds

MIAMI BEACH, FL, May 11, 2026/PRNewswire/ -- Starwood

Property Trust, Inc. (NYSE: STWD) (the “Company”) today announced that, subject to market and other conditions, it is offering

$600 million aggregate principal amount of its unsecured senior notes due 2031 (the “Notes”) in a private offering.

The Company intends to allocate an amount equal

to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or

social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available

for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green

and/or social projects, the Company intends to use the net proceeds to redeem or repay the Company’s $400 million outstanding aggregate

principal amount of 3.625% Senior Notes due 2026 and for general corporate purposes, including the repayment of outstanding indebtedness

under the Company’s repurchase facilities.

The Notes will be offered only to persons reasonably

believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities

Act”), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will not be registered

under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration

statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

This press release does not constitute a

notice of redemption for the 3.625% Senior Notes due 2026. This press release shall not constitute an offer to sell, or the

solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in

which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any

such state or jurisdiction.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), an affiliate

of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate

and infrastructure sectors. As of March 31, 2026, the Company has successfully deployed over $117 billion of capital since inception and

manages a portfolio of over $31 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.

Forward-Looking Statements

Statements

in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the

Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with respect to the anticipated

offering and the use of proceeds. Although the Company believes the expectations reflected in any forward-looking statements are based

on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to

differ materially from the Company’s expectations include: (i) factors described in the Company’s Annual Report on Form 10-K

for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including those set

forth under the captions “Risk Factors”, “Business”, and “Management’s Discussion and Analysis of

Financial Condition and Results of Operations”; (ii)

defaults by borrowers in paying debt service on outstanding indebtedness; (iii) impairment in the value of real estate property securing

the Company’s loans or in which the Company invests; (iv) availability of mortgage origination and acquisition opportunities acceptable

to the Company; (v) potential mismatches in the timing of asset repayments and the maturity of the associated financing agreements; (vi)

national and local economic and business conditions, including as a result of the impact of public health emergencies; (vii) the occurrence

of certain geo-political events (such as wars, terrorist attacks and tensions between states, including global trade disputes related

to tariffs) that affect the normal and peaceful course of international relations; (viii) general and local commercial and residential

real estate property conditions; (ix) changes in federal government policies; (x) changes in federal, state and local governmental laws

and regulations; (xi) increased competition from entities engaged in mortgage lending and securities investing activities; (xii) changes

in interest rates; and (xiii) the availability of, and costs associated with, sources of liquidity.

Contact:

Zachary Tanenbaum

Starwood Property Trust

Phone: 203-422-7788

Email: ztanenbaum@starwood.com

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