Redwood Trust prices upsized USD 185 million convertible senior notes offering - RWT News | RalliesRedwood Trust prices upsized USD 185 million convertible senior notes offering
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RWT• Use of proceeds and conversion terms
- Proceeds are earmarked for a USD 123.79 million repurchase of 7.75% convertible senior notes due 2027 and a USD 20 million share buyback.
- The notes carry a USD 4.9 conversion price, a 35% premium to the Sept. 10 close.
- The offering is expected to close Sept. 15, 2026.
Upsized convertible notes offering priced
- Redwood Trust priced an upsized USD 185 million private offering of 7% convertible senior notes due 2030.
- The deal was increased from USD 150 million; initial purchasers have a 13-day option to buy up to an additional USD 20 million.
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