RWT Holdings on Sept. 24 completed its private offering of $201.3 million aggregate principal amount of its 5.75% exchangeable senior notes due Oct. 1, 2025.
The Redwood Trust Inc. unit received net proceeds of approximately $195.4 million in the offering. It intends to use them for general corporate purposes and to fund its business and investment activity.
The notes can be exchanged at an initial ratio of 55.1967 Redwood Trust common shares per $1,000 of the principal.
