Loan & DebtMay 20, 2026, 05:03 PM
Redwood Trust to Sell $125M 9.75% Senior Notes Due 2031
AI Summary
Redwood Trust, Inc. has entered into an underwriting agreement to sell $125 million aggregate principal amount of 9.75% senior notes due 2031. The company also granted the underwriters a 30-day option to purchase up to an additional $18.75 million in notes to cover over-allotments. The offering is anticipated to close on May 27, 2026.
Key Highlights
- Redwood Trust to sell $125,000,000 aggregate principal amount of 9.75% senior notes.
- The senior notes are due in 2031.
- Underwriters have a 30-day option to purchase up to an additional $18,750,000 in notes.
- The offering is expected to close on May 27, 2026.
- Underwriters include Morgan Stanley, RBC Capital Markets, UBS Securities, Wells Fargo Securities, Goldman Sachs, and Piper Sandler.
Price Impact
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