04:05 AM EDT, 06/14/2024 (MT Newswires) -- Redwood Trust ( RWT ) said late Thursday it priced a public offering of $85 million worth of 9.00% senior notes due 2029.

Redwood granted the underwriters a 30-day option to purchase up to about $12.8 million worth of additional notes to cover over-allotments.

The offering is expected to close June 18, subject to certain conditions.

Redwood said it intends to use net proceeds for general corporate purposes.

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