Redwood Trust issues $205M 7.00% convertible notes due 2030; buys back 2027 notes and $20M of stock

REDWOOD TRUST INC

Issued $205M 7.00% convertible senior notes due 2030 ($185M base + $20M greenshoe); Maturity Sept 15, 2030.
Initial conversion price $4.90/share, ~35.0% premium to Sept 10, 2026 closing price; rate 204.0608 shares/$1,000.
Using ~$129.29M of proceeds to repurchase ~$123.79M of 7.75% convertible notes due 2027; $173.38M of those notes remain.
Repurchasing 5,509,641 common shares (~$20M) concurrently in privately negotiated transactions via initial purchaser.
Remaining proceeds for general corporate purposes, incl. Sequoia, Aspire, and CoreVest platforms and Redwood Investments.

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