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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Our significant events subsequent to March 31, 2025 were as follows:
Unsecured Senior Notes
In April 2025, we issued $500.0 million of 6.50% Senior Notes due 2030 which mature on October 15, 2030. At closing, we swapped the notes to a floating rate of SOFR + 2.61%.
Collateralized Loan Obligations
In April 2025, we refinanced a $500.0 million pool of our infrastructure loans held-for-investment through a CLO, Starwood 2025-SIF5, with $413.5 million of third party financing at a weighted average coupon of SOFR + 1.73%. The CLO contains a reinvestment feature that, subject to certain eligibility criteria, allows us to contribute new loans or participation interests in loans to the CLO for a period of three years. In connection therewith, we redeemed at par the third party financing for our STWD 2021-SIF2 CLO for $415.9 million, including accrued interest, and contributed certain loans previously held in that CLO to Starwood 2025-SIF5.