---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-108060"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T16:11:37.572133+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust closes $39.76M 7.75% convertible note reopening, repurchases $33.1M of 2025 notes

## Summary
- Issued $39,760,000 aggregate principal of 7.75% Convertible Senior Notes due 2027 as reopening of June 2022 series.
- Net proceeds ~$38.2M; intends to use to repurchase a portion of 5.75% exchangeable notes due 2025.
- Repurchased ~$33.1M of 5.75% subsidiary notes due 2025; ~$174.3M remain outstanding.
- Conversion rate 95.6823 shares/$1,000 (conversion price ~$10.45), 38% premium to Oct 9 closing price.
- Notes mature June 15, 2027; interest 7.75% semi-annual.

## SEC filing metadata
- accession: 0001104659-24-108060
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000110465924108060/0001104659-24-108060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000110465924108060/tm2425835d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-108060
- JSON: https://secwatch.observer/filing/0001104659-24-108060.json
- Plain text: https://secwatch.observer/filing/0001104659-24-108060.txt

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