05:38 PM EST, 01/15/2025 (MT Newswires) -- Redwood Trust ( RWT ) said Wednesday it priced a $90 million underwritten public offering of 9.125% senior notes due 2030.

Underwriters have a 30-day over-allotments option to buy up to an additional $13.5 million of notes, according to the company.

Redwoods expects to close the offering on Friday and plans to use the proceeds for general corporate purposes, including funding its business and investment activity and debt repayment.