Redwood Trust (RWT) Prices $90M Notes Offering
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Redwood Trust Prices $90.0 Million Senior Notes Offering
January 15, 2025 5:15 PM UTCMILL VALLEY, Calif.--(BUSINESS WIRE)-- Redwood Trust, Inc. (NYSE: RWT; Redwood or the Company) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030 (the Notes). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $13,500,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on January 17, 2025, 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 RWTP and, if the application is approved,... More
