Redwood Trust Prices Upsized $185.0M Offering Of 7.00% Convertible Senior Notes Due 2030 At $4.90 Conversion Price
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Why It Matters
Redwood Trust sold new bonds that can turn into stock at $4.90 per share. This shows the company needs cash and thinks its stock price is fair at that level.
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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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