Redwood Trust completes $90M public offering of 9.125% Senior Notes due 2030

REDWOOD TRUST INC

Issued $90M in 9.125% senior notes maturing March 1, 2030; interest payable quarterly starting March 2025.
Net proceeds of approx. $86.52M ($99.59M if overallotment fully exercised); 30-day over-allotment option for $13.5M.
Proceeds for general corporate purposes: funding residential/business purpose lending, acquiring MBS, or repaying existing debt (2025 exchangeable or 2027 convertible notes).
Notes are senior unsecured, effectively subordinated to secured debt and structurally subordinated to subsidiary creditors.

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