08:28 AM EDT, 08/22/2025 (MT Newswires) -- Redwood Trust ( RWT ) said Friday it has priced a $50 million offering of 7.75% convertible senior notes due 2027 to certain investors via a direct placement.

The company said that the notes will be issued as a reopening and will belong to the same series as the 7.75% convertible senior notes due 2027 that were initially issued in June 2022 and subsequently in October 2024.

The issuance and sale are expected to be completed on Monday, the company said, adding that $247.2 million of existing notes are currently outstanding.

Redwood Trust ( RWT ) said it intends to use the net proceeds from the offering for general corporate purposes, including funding its operating business and investment activity.