Redwood Trust Closes $125M Senior Notes Offering, Nets $120M at 9.75%
RWT is trading near its 52-week low of $5 (6.8% above the low).
Summary
Redwood Trust has completed its $125 million senior notes offering, securing approximately $120 million in net proceeds. The notes carry a 9.75% interest rate. This follows several recent SEC filings detailing the offering's preliminary prospectus, pricing, and finalization. The capital infusion is substantial and provides critical liquidity to fund the company's mortgage platforms and investments, especially after reporting significant GAAP net losses in Q1 2026 and for the full year 2025.
At the time of this announcement, RWT was trading at $5.34 on NYSE in the Finance sector, with a market capitalization of approximately $668.7M. The 52-week trading range was $5.00 to $6.97. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.