| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
The offering is expected to close on January 22, 2024, subject to the satisfaction of certain closing conditions.
Redwood intends to apply to list the Notes on the New York Stock Exchange under the symbol "RWTN" and, if the application is approved, trading of the Notes on the New York Stock Exchange is expected to begin within 30 days after the Notes are first issued. The Notes have received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
Redwood intends to use the net proceeds from the offering for general corporate purposes, which may include (i) the repurchase or repayment of a portion of Redwood's 5.625% convertible senior notes due 2024, the 5.75% exchangeable senior notes due 2025 issued by one of its subsidiaries or Redwood's 7.75% convertible senior notes due 2027, and/or (ii) funding of Redwood's business and investment activity, which may include funding Redwood's residential and business purpose lending mortgage banking businesses, acquiring mortgage-backed securities for Redwood's investment portfolio, funding other long-term portfolio investments, and funding strategic acquisitions and investments.
Posted In: RWT
