secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001104659-24-005585
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/0001104659-24-005585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465924005585/tm243330d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005585

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer