Company: RWT-PA
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001104659-25-113682
Chunk: 11

Company: REDWOOD TRUST INC
Filing Date: 2025-11-18
Form: 424B5
Chunk 11
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 of certain conditions, accelerate the principal amount of the notes plus accrued and unpaid interest. If the event of default relates to our failure to comply with the reporting obligations in the indenture governing the notes, then, at our option, the sole remedy for the first 365 days following such event of default consists exclusively of the right to receive additional interest on the notes described under “Description of the Notes — Events of Default.” In addition, the principal amount of the notes plus accrued and unpaid interest will automatically become due and payable in the case of certain types of bankruptcy or insolvency events as described under “Description of the Notes — Events of Default.”

Book-Entry Form

The notes will be issued in book-entry form and will be represented by one or more permanent global certificates deposited with, or on behalf of, The Depository Trust Company (or DTC) and registered in the name of a nominee of DTC. Beneficial interests in any of the notes will be shown on, and transfers will be effected only through, records maintained by DTC or its nominee and any such interest may not be exchanged for certificated securities, except in limited circumstances.

Listing

We intend to apply for listing of the notes on NYSE under the symbol “RWTQ.” If approved for listing, trading on the NYSE is expected to begin within 30 days of November 19, 2025, the original issue date.

U.S. Federal Income Tax Considerations

For a discussion of certain material U.S. federal income tax considerations relating to the purchase, ownership and disposition of the notes, please see Exhibit 99.1 to our Current Report on Form 8-K filed August 22, 2025 under the section entitled “Material U.S. Federal Income Tax Considerations,” which supersedes and replaces in all respects the discussion under the section entitled “Material U.S. Federal Income Tax Considerations” in the accompanying prospectus.

Trustee and Paying Agent

Wilmington Trust, National Association.

Use of Proceeds

We expect that the net proceeds from this offering will be approximately $96.4 million (or approximately $110.9 million if the underwriters exercise their over-allotment option in full) after deducting the underwriting discount and commissions and our estimated expenses. We intend to use the net proceeds from this offering for general corporate purposes, including funding our operating businesses and investment activities, such as our Sequoia, Aspire, and CoreVest mortgage banking platforms, acquiring related assets for our Redwood