03:53 AM EDT, 08/22/2025 (MT Newswires) -- Redwood Trust ( RWT ) said late Thursday it is planning to offer $50 million of its 7.75% convertible senior notes due 2027 through a direct placement.

The notes will be issued as a reopening of the 7.75% convertible senior notes due 2027 previously issued in June 2022 and October 2024.

Proceeds will be used for general corporate purposes, including supporting lending operations, investing in mortgage-backed securities, strategic acquisitions or debt repayment, the company said.