Redwood Trust Reports Pricing Of Public Offering Of $85M Of Its 9.00% Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Redwood Trust has announced the pricing of a public offering of $85 million of its 9.00% Senior Notes due 2029. The company plans to use the net proceeds for general corporate purposes.
June 13, 2024 | 9:47 pm
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Redwood Trust has priced a public offering of $85 million of its 9.00% Senior Notes due 2029. The proceeds will be used for general corporate purposes.
The successful pricing of the public offering indicates strong investor demand and confidence in Redwood Trust's financial stability. The use of proceeds for general corporate purposes suggests potential for growth and operational improvements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100