Redwood Trust Announces Pricing Of 5.75% Exchangeable Senior Notes Due 2025

MILL VALLEY, Calif., Sept. 19, 2019 /PRNewswire/ — Redwood Trust, Inc. (“Redwood”) (RWT) today announced that its indirect wholly owned subsidiary, RWT Holdings, Inc. (“Holdings”), priced $175,000,000 aggregate principal amount of its 5.75% exchangeable senior notes due 2025 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers have a 13-day option to purchase up to an additional $26,250,000 aggregate principal amount of the Notes in connection with the offering. The Notes will be senior unsecured obligations of Holdings and will be fully and unconditionally guaranteed by Redwood.

source https://finance.yahoo.com/news/redwood-trust-announces-pricing-5-035300219.html?.tsrc=rss

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