Redwood Trust plans $150 million convertible notes due 2030
Redwood Trust disclosed plans to offer $150 million in convertible senior notes due 2030 in a private offering to qualified institutional buyers. Shares fell 18% to $3.50 in premarket trading.
Shares of Redwood Trust fell after the company 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. As of the prior market close, shares were down …