other material
confidence high
sentiment positive
materiality 0.75
Redwood Trust expands CPP Investments partnership; upsizes facility to $400M, extends warrants to 2030
REDWOOD TRUST INC
- Joint venture commitment period extended 18 months to September 2028.
- Secured revolving facility upsized from $250M to $400M, term extended to March 2027 with optional 18-month extension.
- Warrants amended: expiration extended to September 2030, exercise price re-struck at $6.96 per share (20% premium to 30-day VWAP).