Redwood Trust prices USD 125 million 9.75% senior notes due 2031

Redwood Trust

Redwood Trust

RWT

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  • Redwood Trust priced an underwritten public offering of USD 125 million of 9.75% senior notes due 2031.
  • Underwriters received a 30-day option to buy up to an additional USD 18.75 million of the senior notes.
  • Proceeds earmarked for general corporate purposes, including funding mortgage banking platforms, adding to its investments portfolio, and pursuing strategic acquisitions.
  • Closing targeted for May 27.


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