Redwood Trust (NYSE:RWT [https://seekingalpha.com/symbol/RWT]) has announced plans to offer $50 million in new convertible senior notes [https://seekingalpha.com/pr/20208854-redwood-trust-launches-reopening-of-50-million-of-7_75-percent-convertible-senior-notes-due].
The notes, which mature in 2027 and carry an interest rate of 7.75%, will be part of the same series as notes the company previously issued in June 2022 and October 2024.
Redwood Trust plans to use the money from this offering for general corporate purposes. This includes funding its core businesses, such as residential and business purpose lending and acquiring mortgage-backed securities.
The company may also use the funds to repay existing debt, including a portion of its 5.75% exchangeable senior notes due in 2025.
RWT stock were down 0.33% in premarket trading on Friday.
MORE ON REDWOOD TRUST
* Redwood Trust, Inc. (RWT) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4806372-redwood-trust-inc-rwt-q2-2025-earnings-call-transcript]
* Redwood Trust, Inc. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4806087-redwood-trust-inc-2025-q2-results-earnings-call-presentation]
* Redwood Trust: Two Baby Bonds Yielding Over 9.5% To Maturity For Income Investors [https://seekingalpha.com/article/4801178-redwood-trust-two-baby-bonds-yielding-9-percent-to-maturity-income-investors]
* Redwood Trust signals $200M–$250M capital redeployment target amid accelerated portfolio transition [https://seekingalpha.com/news/4474794-redwood-trust-signals-200m-250m-capital-redeployment-target-amid-accelerated-portfolio]
* Redwood Trust Q2 2025 Earnings Preview [https://seekingalpha.com/news/4473515-redwood-trust-q2-2025-earnings-preview]
Redwood Trust to offer $50M in convertible senior notes
Published 2 months ago
Aug 22, 2025 at 5:51 AM
Negative
Auto