Every 424B that Redwood Trust, Inc. (RWT) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RWT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RWT filings page.
Redwood Trust, Inc. is offering $125,000,000 aggregate principal amount of 9.75% Senior Notes due 2031. The notes bear interest at 9.75% per year, payable quarterly beginning September 1, 2026, and mature on June 1, 2031. The offering is issued in minimum denominations of $25 (units of $25) and includes an underwriters’ option to purchase up to an additional $18,750,000 principal amount to cover over-allotments.
The notes are senior unsecured obligations that will rank equally with existing senior unsecured indebtedness and will be effectively subordinated to secured indebtedness and structurally subordinated to subsidiary creditors. Redwood expects net proceeds of approximately $120.41 million (before certain expenses) and intends to use proceeds for general corporate purposes, including funding its mortgage banking platforms and pursuing strategic acquisitions.
Redwood Trust, Inc. is offering senior unsecured notes due June 1, 2031. The notes will accrue interest from May 2026 and pay quarterly beginning September 1, 2026. They rank equal to existing senior unsecured indebtedness and are effectively subordinated to secured debt and structurally subordinated to subsidiary creditors. The indenture permits optional redemption on or after June 1, 2028 at 100% of principal and requires an offer to repurchase upon a Change of Control Repurchase Event at 101% of principal. The notes will be issued in book-entry form, expected to be listed on the NYSE under the symbol RWTS, and will be represented by global certificates held through DTC.
Redwood Trust, Inc. is offering $100,000,000 of 9.500% Senior Notes due 2030, issued in $25 units and listed on the NYSE under the symbol RWTQ, with an additional $15,000,000 over-allotment option for underwriters. The notes pay 9.500% annual interest, payable quarterly starting March 1, 2026, and mature on December 1, 2030. Redwood may redeem them at par plus accrued interest on or after December 1, 2027, and must offer to repurchase them at 101% plus accrued interest if a Change of Control Repurchase Event occurs. The notes are senior unsecured obligations, ranking alongside existing senior unsecured debt and behind $3.02 billion of secured indebtedness as of September 30, 2025. Net proceeds of about $96.4 million (or $110.9 million if the option is fully exercised) will be used for general corporate purposes, including funding Sequoia, Aspire and CoreVest mortgage banking platforms, portfolio acquisitions and strategic investments.
Redwood Trust, Inc. plans to issue new senior unsecured notes due December 1, 2030, paying fixed interest quarterly and listed on the NYSE under the symbol RWTQ. The notes can be redeemed by Redwood at par on or after December 1, 2027, and investors gain a right to require repurchase at 101% of principal if a defined Change of Control Repurchase Event occurs. The notes rank equally with Redwood’s other senior unsecured debt and are effectively subordinated to secured borrowings and all liabilities at subsidiaries.
As of September 30, 2025, Redwood and its subsidiaries had $3.02 billion of secured indebtedness, $793 million of senior unsecured indebtedness and total consolidated liabilities of $4.29 billion, highlighting a highly leveraged balance sheet. Net proceeds are intended for general corporate purposes, including funding Sequoia, Aspire and CoreVest mortgage banking platforms, expanding the Redwood Investments portfolio and pursuing strategic acquisitions and investments. The company recently retired $123.5 million of 5.75% exchangeable senior notes due 2025, simplifying its near-term maturity profile.
Redwood Trust, Inc. is registering and may sell up to $175.0 million of common stock from time to time under an amended at‑the‑market (ATM) distribution agreement with BTIG, Citizens JMP Securities, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities.
Sales can be made on the NYSE or via privately negotiated transactions, with agent commissions generally not exceeding 2.0% of the gross sales price, and potentially higher if sold as a principal transaction under a separate terms agreement. Redwood’s common stock trades on the NYSE under “RWT”; the last reported sale price was $5.12 per share on November 6, 2025.
Redwood intends to use net proceeds for general corporate purposes, including funding its Sequoia, Aspire and CoreVest mortgage banking platforms, acquiring assets for its Redwood Investments portfolio, and pursuing strategic acquisitions and investments. As a REIT, Redwood’s charter generally limits any holder to 9.8% ownership of any class of stock, subject to board waivers.