Redwood Trust prices upsized USD 185 million convertible senior notes offering
Reuters2026/09/11 04:04Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Redwood Trust priced an upsized USD 185 million private offering of 7% convertible senior notes due 2030.
- Deal increased from USD 150 million; initial purchasers have a 13-day option to buy up to an additional USD 20 million.
- Proceeds earmarked for USD 123.79 million repurchase of 7.75% convertible senior notes due 2027; USD 20 million share buyback.
- Notes carry a USD 4.9 conversion price, a 35% premium to the Sept. 10 close; expected to close Sept. 15, 2026.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redwood Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260910580066) on September 11, 2026, and is solely responsible for the information contained therein.
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