A Redwood Trust Inc. subsidiary priced a $200 million aggregate principal amount of its 5.625% exchangeable senior notes due 2019 in a private offering to institutional buyers on Monday.
Initial purchasers will have a 30-day option to buy an additional $30 million of aggregated principal of senior unsecured obligation notes guaranteed by Redwood and payable semiannually on May 15 and Nov. 15. Holders can also exchange notes for shares of Redwood common stock.
Redwood subsidiary RWT Holdings acquires and securitizes residential mortgage loans and is also located in Mill Valley.
