Redwood Trust Plans To Offer $150M Aggregate Principal Amount Of Convertible Senior Notes Due 2030 In Private Offering
Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company"))), a leader in expanding access to housing for homebuyers and renters, today announced that it plans to offer, subject to market and other
Redwood Trust is raising $150 million by selling special bonds that can turn into stock later. This tells you the company needs cash right now, so watch if they use it wisely or if it makes existing owners' shares worth less.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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