{"filing":{"accession_number":"0001104659-26-107919","cik":"0000930236","ticker":"RWTO","company_name":"REDWOOD TRUST INC","form":"8-K","filing_date":"2026-09-15","report_date":"2026-09-10","primary_document":"tm2625428d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/930236/000110465926107919/tm2625428d1_8k.htm"},"events":[{"id":33614,"run_id":30916,"accession_number":"0001104659-26-107919","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Redwood Trust completed a public offering of $205 million aggregate principal amount of 7.00% Convertible Senior Notes due 2030 (including full exercise of $20 million overallotment option) on September 15, 2026. The Notes are convertible into common stock at an initial conversion rate of 275.4820 shares per $1,000 principal, representing a material creation of new direct financial obligations under an indenture with Wilmington Trust as trustee.","company_name":"REDWOOD TRUST INC","ticker":"RWTO","filing_date":"2026-09-15","form":"8-K","submitted_at":null,"items":[{"id":37106,"accession_number":"0001104659-26-107919","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust completed a public offering of $205 million aggregate principal amount of 7.00% Convertible Senior Notes due 2030 on September 15, 2026, including the full exercise of a $20 million overallotment option. This is a material creation of new direct financial obligations under an indenture with Wilmington Trust as trustee, with detailed terms regarding interest, maturity, conversion rights, and redemption provisions. The filing explicitly discloses the completion of this debt issuance under Item 1.01 (Entry Into a Material Definitive Agreement).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37107,"accession_number":"0001104659-26-107919","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust priced and issued $185.0 million aggregate principal amount of 7.00% convertible senior notes due 2030, with an additional $20.0 million option granted to initial purchasers. This is a direct creation of a new financial obligation under Item 2.03, representing a material debt issuance that would affect investor assessment of the company's capital structure and leverage.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37108,"accession_number":"0001104659-26-107919","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust issued $185 million aggregate principal amount of convertible senior notes in a private placement to qualified institutional buyers under Rule 144A, with an option for an additional $20 million. The Notes are convertible into up to 56,473,810 shares of common stock at an initial conversion rate of 275.4820 shares per $1,000 principal (or 204.0608 shares per $1,000 as stated in the press release), representing significant potential dilution to existing shareholders. This is a classic dilutive issuance under Item 3.02, issued in reliance on Section 4(a)(2) and Rule 144A exemptions from registration.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37109,"accession_number":"0001104659-26-107919","item_number":"8.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust entered into a Purchase Agreement on September 10, 2026 to issue $185 million aggregate principal amount of 7.00% convertible senior notes due 2030, with an additional $20 million option granted to Initial Purchasers. This is a material creation of a new direct financial obligation. The filing also discloses concurrent repurchase of $123.79 million of existing 2027 Notes and $20 million in common stock repurchases using net proceeds, but the primary event is the debt issuance itself.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":37106,"accession_number":"0001104659-26-107919","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust completed a public offering of $205 million aggregate principal amount of 7.00% Convertible Senior Notes due 2030 on September 15, 2026, including the full exercise of a $20 million overallotment option. This is a material creation of new direct financial obligations under an indenture with Wilmington Trust as trustee, with detailed terms regarding interest, maturity, conversion rights, and redemption provisions. The filing explicitly discloses the completion of this debt issuance under Item 1.01 (Entry Into a Material Definitive Agreement).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"REDWOOD TRUST INC","ticker":"RWTO","filing_date":"2026-09-15"},{"id":37107,"accession_number":"0001104659-26-107919","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust priced and issued $185.0 million aggregate principal amount of 7.00% convertible senior notes due 2030, with an additional $20.0 million option granted to initial purchasers. This is a direct creation of a new financial obligation under Item 2.03, representing a material debt issuance that would affect investor assessment of the company's capital structure and leverage.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"REDWOOD TRUST INC","ticker":"RWTO","filing_date":"2026-09-15"},{"id":37108,"accession_number":"0001104659-26-107919","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust issued $185 million aggregate principal amount of convertible senior notes in a private placement to qualified institutional buyers under Rule 144A, with an option for an additional $20 million. The Notes are convertible into up to 56,473,810 shares of common stock at an initial conversion rate of 275.4820 shares per $1,000 principal (or 204.0608 shares per $1,000 as stated in the press release), representing significant potential dilution to existing shareholders. This is a classic dilutive issuance under Item 3.02, issued in reliance on Section 4(a)(2) and Rule 144A exemptions from registration.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"REDWOOD TRUST INC","ticker":"RWTO","filing_date":"2026-09-15"},{"id":37109,"accession_number":"0001104659-26-107919","item_number":"8.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Redwood Trust entered into a Purchase Agreement on September 10, 2026 to issue $185 million aggregate principal amount of 7.00% convertible senior notes due 2030, with an additional $20 million option granted to Initial Purchasers. This is a material creation of a new direct financial obligation. The filing also discloses concurrent repurchase of $123.79 million of existing 2027 Notes and $20 million in common stock repurchases using net proceeds, but the primary event is the debt issuance itself.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-15T20:11:46.291265+00:00","company_name":"REDWOOD TRUST INC","ticker":"RWTO","filing_date":"2026-09-15"}]}