---
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"
generated_at: "2026-05-17T10:28:36.179979+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-082532
- JSON: https://secwatch.observer/filing/0001104659-25-082532.json
- Plain text: https://secwatch.observer/filing/0001104659-25-082532.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/930236/000110465925082532/0001104659-25-082532-index.htm

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