REDWOOD TRUST INC (RWT): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

REDWOOD TRUST INC incurred convertible notes of $50,000,000 aggregate principal amount at 7.75% per year maturing June 15, 2027.

Instrument: convertible notes
Principal: $50,000,000 aggregate principal amount
Rate: 7.75% per year
Maturity: June 15, 2027
Event: incurrence

Exact text from the filing

On August 25, 2025, Redwood Trust, Inc. (the “Company”) issued $50,000,000 aggregate principal amount of the Company’s 7.75% Convertible Senior Notes due 2027 (the “Notes”) pursuant to securities purchase agreements (the “Securities Purchase Agreements”) with the respective investors named therein (the “Offering”).

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Source: SEC EDGAR

accession 0001104659-25-082532

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