REDWOOD TRUST INC (RWT): debt financing — RWT completes $125M offering of 9.75% Senior Notes due 2031; net proceeds ~$120.4M

REDWOOD TRUST INC

Issued $125M aggregate principal amount of 9.75% Senior Notes due 2031; underwriters have 30-day option for additional $18.75M.
Net proceeds of approximately $120.4M ($138.6M if over-allotment fully exercised) for general corporate purposes.
Notes mature June 1, 2031; interest payable quarterly starting Sep 1, 2026; redeemable at par on or after June 1, 2028.
Notes are senior unsecured, rank equally with existing and future senior unsecured debt, structurally subordinated to subsidiary claims.

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 senior notes of $125,000,000 aggregate principal amount with Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Piper Sandler & Co. as representatives of the several underwriters at 9.75% per year maturing June 1, 2031.

Instrument: senior notes
Principal: $125,000,000 aggregate principal amount
Counterparty: Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Piper Sandler & Co. as representatives of the several underwriters
Rate: 9.75% per year
Maturity: June 1, 2031
Event: incurrence

Exact text from the filing

On May 27, 2026, Redwood Trust, Inc. (the “Company”) completed its registered underwritten public offering of $125,000,000 aggregate principal amount of the Company’s 9.75% Senior Notes due 2031

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

REDWOOD TRUST INC entered into Underwriting Agreement with Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Piper Sandler & Co. valued at $125,000,000 aggregate principal amount, net proceeds approximately $120.41 million ($138.57 million (effective 2026-05-27).

Action: entry
Agreement: underwriting
Counterparty: Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Piper Sandler & Co.
Value: $125,000,000 aggregate principal amount, net proceeds approximately $120.41 million ($138.57 million
Effective: 2026-05-27

Exact text from the filing

Item 1.01 Entry Into a Material Definitive Agreement. Completion of Public Offering of Senior Notes On May 27, 2026, Redwood Trust, Inc. (the "Company") completed its registered underwritten public offering of $125,000,000 aggregate principal amount of the Company's 9.75% Senior Notes due 2031 (the "Notes") pursuant to an underwriting agreement (the "Underwriting Agreement") with Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and Piper Sandler & Co. as representatives of the several underwriters named therein (the "Offering").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

REDWOOD TRUST INC entered into Base Indenture and Supplemental Indenture with Wilmington Trust, National Association valued at $125,000,000 principal amount 9.75% Senior Notes due 2031 (effective 2026-05-27).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $125,000,000 principal amount 9.75% Senior Notes due 2031
Effective: 2026-05-27

Exact text from the filing

The Company issued the Notes under an indenture dated as of March 6, 2013 (the "Base Indenture") between the Company and Wilmington Trust, National Association, a national banking association, as trustee (the "Trustee"), as supplemented by the eighth supplemental indenture dated as of May 27, 2026, between the Company and the Trustee (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture").

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REDWOOD TRUST INC filing history →

Source: SEC EDGAR

accession 0001104659-26-067004

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