Redwood Trust Plans to Offer $150 Million Convertible Notes due 2030

07:39 AM EDT, 09/10/2026 (MT Newswires) -- Redwood Trust (RWT) plans to offer $150 million of convertible senior notes due 2030 in a private offering to institutional buyers, the company said Thursday. Redwood expects to grant the initial buyers an option to purchase up to an additional $22.5 million of notes. The company and initial purchasers will negotiate the interest rate and offering price, it said. The company plans to use a portion of the net proceeds to buy back some of its 2027 notes and up to $20 million to repurchase shares of its common stock, with the rest to be utilized for general corporate purposes, including financing its operating businesses and investment activities, it added. Redwood Trust shares were down more than 13% in pre-bell activity on Thursday.