---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-107919"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2026-09-15T20:08:59+00:00"
generated_at: "2026-09-15T20:09:38.776876+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-107919
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2026-09-15T20:08:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000110465926107919/0001104659-26-107919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000110465926107919/tm2625428d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-107919
- JSON: https://secwatch.observer/filing/0001104659-26-107919.json
- Plain text: https://secwatch.observer/filing/0001104659-26-107919.txt

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