secwatch.observer — SEC 8-K summary
======================================

Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2025-08-25T23:59:59+00:00
Accession:  0001104659-25-082532
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465925082532/0001104659-25-082532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465925082532/tm2523899d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-082532

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer