Redwood Trust plans USD 150 million convertible senior notes offering due 2030

RWT•2026-09-10

Convertible notes offering and use of proceeds

Redwood Trust plans a private offering of USD 150 million convertible senior notes due 2030.

Initial purchasers will have a 13-day option to buy up to an additional USD 22.5 million, which would lift potential proceeds to USD 172.5 million.

Net proceeds are earmarked for repurchasing part of its 2027 Notes, with terms set alongside pricing. Redwood Trust also plans to allocate up to USD 20 million of proceeds to buy back common stock in privately negotiated transactions.

The remaining funds are targeted for general corporate purposes, including funding mortgage banking platforms, investment activity and strategic acquisitions.

Redwood Trust plans USD 150 million convertible senior notes offering due 2030

Convertible notes offering and use of proceeds

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