secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2026-09-15T20:08:59+00:00
Accession:  0001104659-26-107919
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465926107919/0001104659-26-107919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465926107919/tm2625428d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-107919

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