India, Aug. 21 -- Redwood Trust Inc. (RWT) announced that it plans to offer $50 million aggregate principal amount of its 7.75% convertible senior notes due 2027.
The Notes will be issued as a reopening of, and will be part of the same series as, the 7.75% convertible senior notes due 2027 that the Company originally issued in June 2022 and the 7.75% convertible senior notes due 2027 that the Company issued in October 2024. Currently, $247.17 million aggregate principal amount of Existing Notes are outstanding.
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Redwood said it intends to use the net proceeds from this offering for general corporate purposes, which may include funding of Redwood's operati...