{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-082532","form_type":"8-K","ticker":"RWT","cik":"0000930236","company_name":"REDWOOD TRUST INC","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.730433+00:00","generated_at":"2026-05-17T10:28:36.179979+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Redwood Trust issues $50M of 7.75% convertible notes due 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-082532","json":"https://secwatch.observer/filing/0001104659-25-082532.json","markdown":"https://secwatch.observer/filing/0001104659-25-082532.md","text":"https://secwatch.observer/filing/0001104659-25-082532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/930236/000110465925082532/0001104659-25-082532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/930236/000110465925082532/tm2523899d5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:28:36.179979+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ace388615819c49853111af190189dd3921f583","claim":"REDWOOD TRUST INC incurred convertible notes of $50,000,000 aggregate principal amount at 7.75% per year maturing June 15, 2027.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/930236/000110465925082532/0001104659-25-082532-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$50,000,000 aggregate principal amount"},{"label":"Rate","value":"7.75% per year"},{"label":"Maturity","value":"June 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}