Loan & DebtMay 27, 2026, 05:06 PM
Redwood Trust Completes $125M Senior Notes Offering
AI Summary
Redwood Trust, Inc. successfully completed its registered underwritten public offering of $125,000,000 aggregate principal amount of 9.75% Senior Notes due 2031. The offering resulted in approximately $120.41 million in net proceeds for the company, which intends to use these funds for general corporate purposes, including funding its operating businesses and investment activities. The Notes are senior unsecured obligations, bearing interest quarterly and maturing on June 1, 2031.
Key Highlights
- Redwood Trust completed a public offering of $125,000,000 aggregate principal amount of 9.75% Senior Notes due 2031.
- The Notes bear interest at 9.75% per year, payable quarterly, and mature on June 1, 2031.
- Net proceeds to the company were approximately $120.41 million, after deducting underwriting discounts and expenses.
- Underwriters have a 30-day option to purchase up to an additional $18,750,000 in Notes.
- Proceeds will be used for general corporate purposes, including funding operating businesses and investment activities.
- The Notes are senior unsecured obligations, ranking equally with other senior unsecured indebtedness.
Price Impact
More from RWT