---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-005585"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:55:30.935065+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust completes $60M offering of 9.125% senior notes due 2029

## Summary
- Net proceeds ~$57.5M; for general corporate purposes including debt repurchase and business funding.
- Notes bear 9.125% interest payable quarterly; mature March 1, 2029.
- Senior unsecured; effectively subordinated to secured debt and structurally subordinated to subsidiary creditors.
- Redeemable at par plus accrued interest on/after March 1, 2026; change-of-control trigger at 101% of principal.

## SEC filing metadata
- accession: 0001104659-24-005585
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/0001104659-24-005585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/tm243330d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-005585
- JSON: https://secwatch.observer/filing/0001104659-24-005585.json
- Plain text: https://secwatch.observer/filing/0001104659-24-005585.txt

## Key facts
- Debt Financings
  REDWOOD TRUST INC incurred senior notes of $60.0 million aggregate principal amount with Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc. at 9.125% per year maturing March 1, 2029.
  - Instrument: senior notes
  - Principal: $60.0 million aggregate principal amount
  - Counterparty: Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc.
  - Rate: 9.125% per year
  - Maturity: March 1, 2029
  - Event: incurrence
  source text: On January 22, 2024, Redwood Trust, Inc. (the “Company”) completed its registered underwritten public offering of $60.0 million aggregate principal amount of the Company’s 9.125% Senior Notes due 2029 (the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/0001104659-24-005585-index.htm
- Material Agreements
  REDWOOD TRUST INC entered into Underwriting Agreement with Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc. valued at $60.0 million (effective 2024-01-22).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc.
  - Value: $60.0 million
  - Effective: 2024-01-22
  source text: On January 22, 2024, Redwood Trust, Inc. (the “Company”) completed its registered underwritten public offering of $60.0 million aggregate principal amount of the Company’s 9.125% Senior Notes due 2029 (the “Notes”) pursuant to an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC (“Wells Fargo”), Goldman Sachs & Co. LLC (“Goldman”), Morgan Stanley & Co. LLC (“Morgan Stanley”), RBC Capital Markets, LLC (“RBC”) and Keefe, Bruyette & Woods, Inc. (“KBW”), as representatives of the several underwriters named therein (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/0001104659-24-005585-index.htm
- Material Agreements
  REDWOOD TRUST INC entered into Supplemental Indenture with Wilmington Trust, National Association (effective 2024-01-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Effective: 2024-01-22
  source text: the fourth supplemental indenture dated as of January 22, 2024, between the Company and the Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/0001104659-24-005585-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.