Redwood Trust (RWT) Prices $60M Notes Offering

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Go back to Redwood Trust (RWT) Prices $60M Notes Offering

Redwood Trust Prices $60.0 Million Senior Notes Offering

January 17, 2024 8:30 PM EST

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Redwood Trust, Inc. (NYSE: RWT; Redwood or the Company) today announced the pricing of an underwritten public offering of $60,000,000 aggregate principal amount of its 9.125% senior notes due 2029 (the Notes). The offering is expected to close on January 22, 2024, subject to the satisfaction of certain closing conditions.

Redwood intends to apply to list the Notes on the New York Stock Exchange under the symbol RWTN and, if the application is approved, trading of the Notes on the New York Stock Exchange is expected to begin within 30 days after the Notes are first issued. The Notes have received... More