The mortgage REIT raises $125M through senior notes offering at a 9.75% coupon maturing in June 2031.
Redwood Trust has priced a $125M senior notes offering with a 9.75% interest rate, maturing on June 1, 2031. The transaction is expected to close on May 27, 2026, subject to standard conditions, and includes a 30-day option for underwriters.
The offering reflects current market demand for higher-yielding debt instruments amid elevated interest rates. Redwood Trust, a mortgage real estate investment trust, last tapped the debt markets in 2022 with a smaller issuance at a lower coupon.
No immediate market reaction was disclosed following the announcement.