Redwood Trust issues $50M of 7.75% convertible notes due 2027

REDWOOD TRUST INC

Issued $50M aggregate principal of 7.75% Convertible Senior Notes due 2027 as a reopening of existing series.
Total outstanding Notes now $297.17M; notes mature June 15, 2027, with semi-annual interest payments.
Conversion rate is 95.6823 shares per $1,000 principal (~$10.45/share), a 78% premium to Aug 21 closing price.
Notes are unsecured, rank equally with other senior unsecured debt, and are subordinated to secured debt.
Company may redeem notes to preserve REIT status or under certain stock price conditions.

item 2.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.