Redwood Trust shares slide on $150 million convertible note offering
Redwood Trust disclosed plans to offer $150 million in convertible senior notes due 2030 in a private offering to qualified institutional buyers. The stock fell 18% to $3.50 in premarket trading.
Redwood Trust said it plans to offer $150 million of convertible senior notes due 2030 in a private placement to qualified institutional buyers. 50 in premarket trading on Thursday. At the prior market close, the stock was down…