Redwood Trust to close $85M in debt offering
Housing Wire
JUNE 18, 2024
Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. In addition, Pennymac issued new debt last year that will mature in December 2029 and pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.
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