| Issuer / Guarantor | Redwood Trust Inc |
|---|---|
| Size | USD 50mn |
| Type | Convertible |
| Leads | |
| Maturity | 15 Jun 2027 (2 years) |
| Coupon | 7.75% (7.75%) |
| Premium | 78% (78%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 110% to Mar 2027 (1.7 yrs) |
| Announced | 22 Aug 2025 |