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Redwood Trust Prices $185 Mln 7% Convertible Notes At $4.90/Shr Conversion Price
Source: Nasdaq
Capital Returns (Dividends / Buybacks)Company FundamentalsHousing & Real EstateCredit & Bond Markets
Redwood Trust priced an upsized $185 million offering of 7% convertible senior notes due 2030. The financing increases the housing-finance company's capital resources but introduces additional debt and potential equity dilution upon conversion.
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