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Home » Redwood to Raise $103.13 Million with Stock Sale
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Redwood to Raise $103.13 Million with Stock Sale

July 27, 2018
Redwood Trust plans to raise $103.13 million with the sale of 6.25 million shares of common stock. The sale closed this week, though the underwriters of the transaction have 30 days to purchase up to an additional 937,500 shares of Redwood’s common stock, which could provide the real estate investment trust with up to $116.9 million in net proceeds after transaction expenses. The sale follows an offering of convertible senior notes in Redwood in June with a principal amount of $200.0 million ...
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