secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001104659-24-072814
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust completes $85M public offering of 9.00% Senior Notes due 2029
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- Completed $85M public offering of 9.00% Senior Notes due 2029; net proceeds of ~$81.67M after underwriting discounts and expenses.
- Underwriters granted 30-day over-allotment option for up to $12.75M additional notes; full exercise would yield ~$94.02M net.
- Proceeds for general corporate purposes, including funding mortgage banking, acquiring MBS, and potential repayment of existing debt.
- Notes mature Sept 1, 2029, pay quarterly interest at 9.00%, and are redeemable at par on/after Sept 1, 2026.
- Notes are senior unsecured, effectively subordinated to secured debt and structurally subordinated to subsidiary creditors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465924072814/0001104659-24-072814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465924072814/tm2417436d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-072814

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