Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 294

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 294
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idential MSR warehouse facility158,16458,16475,0007.65 %10/202591,506HEI warehouse facility197,49797,497150,0009.00 %12/2025207,097Recourse Subordinate Securities Financings:CAFL securities (3)1268,240267,140N/A7.54 %9/2028318,106Long Term Facilities:Residential investor loan warehouse facilities5615,036 613,129 1,530,000 7.83 %5/2026-4/2027889,901 Servicer advance financing1159,798159,031200,0006.32 %12/2026233,820Secured revolving financing facility (4)1225,000220,234250,000 9.50 %3/2026372,396 Corporate Debt:Promissory notes (3) (5)312,85912,859— 7.06 %N/A— 5.75% exchangeable senior notes (3)1123,574123,087N/A5.75 %10/2025N/A7.75% convertible senior notes (3)1247,170242,652N/A7.75 %6/2027N/ATrust preferred securities and subordinated notes2139,500138,860N/A7.10 %1/2037, 7/2037N/A9.125% Senior Notes (3)160,00057,877N/A9.13 %3/2029N/A9.0% Senior Notes (3)185,00082,112N/A9.00 %9/2029N/ATotal Debt Obligations$3,482,175 $3,462,880 $3,701,592 (1)Carrying value presented net of total deferred issuance costs of $18 million and $20 million at June 30, 2025 and December 31, 2024, respectively.(2)Variable rate borrowings are based on 1- or 3-month SOFR, plus an applicable spread.(3)Borrowing has a fixed interest rate at period end.(4)Facility may be extended for one year at our option.(5)Promissory notes payable on demand to lender with 90-day notice.In January 2025, Redwood