Redwood Trust Inc. plans to offer $50 million in 7.75% convertible senior notes due 2027 as a reopening of the same series issued in June 2022 and October 2024. Currently, $247.17 million of Existing Notes are outstanding. The net proceeds will be used for general corporate purposes, including funding operating business and investment activities like residential and business purpose lending, acquiring mortgage-backed securities, and strategic acquisitions. The funds may also be used for repayment of existing indebtedness. The author’s views and opinions expressed do not necessarily reflect those of Nasdaq, Inc.

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