Redwood Trust may repay some 2024, 2025, 2027 notes via new notes

By Marisa Wong

Los Angeles, Jan. 17 – Redwood Trust may repay or repurchase some of its existing notes using proceeds from an offering of fixed-rate senior notes due March 1, 2029, according to a 424B5 filing with the Securities and Exchange Commission.

The existing notes include Redwood’s 5.625% convertible senior notes due 2024, the 5.75% exchangeable senior notes due 2025 issued by a subsidiary and guaranteed by Redwood and Redwood’s 7.75% convertible senior notes due 2027.

As of Sept. 30, there was about $148.3 million aggregate principal amount of the 2024 notes, about $162.1 million aggregate principal amount of the 2025 notes and about $215 million aggregate principal amount of the 2027 notes outstanding.

The real estate investment trust is based in Mill Valley, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.