Redwood Enhanced Income Corp. Files Q2 2025 10-Q

TL;DR

Redwood Enhanced Income Corp. 10-Q filed for Q2 2025. Shows debt details & subsidiaries.

AI Summary

Redwood Enhanced Income Corp. filed its 10-Q for the period ending June 30, 2025. The filing details its financial position and operations, including references to various debt facilities and subsidiaries such as Doncaster US Finance LLC and Wellful Inc. The company's business address is 250 West 55th Street, New York, NY.

Why It Matters

This filing provides investors with a quarterly update on Redwood Enhanced Income Corp.'s financial health and operational activities, including its debt structure and subsidiary performance.

Risk Assessment

Risk Level: medium — The filing references multiple debt facilities and subsidiaries, indicating a potentially complex financial structure that could carry inherent risks.

Key Players & Entities

• Redwood Enhanced Income Corp. (company) — Filer of the 10-Q
• 20250630 (date) — End of reporting period
• 250 WEST 55TH STREET (location) — Company's business address
• New York (location) — Company's city
• NY (location) — Company's state
• Doncasters US Finance LLC (company) — Subsidiary mentioned in relation to debt
• Wellful Inc (company) — Subsidiary mentioned in relation to debt
• Novae LLC (company) — Subsidiary mentioned
• CP Altas Buyer Inc (company) — Subsidiary mentioned
• Lightning US Holdings Inc (company) — Subsidiary mentioned

FAQ

Key Financial Figures

• $0.001 — (g) of the Act: Common Stock, par value $0.001 per share Indicate by check mark if t

Filing Documents

• none-20250630.htm (10-Q) — 7547KB
• none-ex31_1.htm (EX-31.1) — 28KB
• none-ex31_2.htm (EX-31.2) — 25KB
• none-ex31_3.htm (EX-31.3) — 25KB
• none-ex32_1.htm (EX-32.1) — 13KB
• 0000950170-25-108774.txt ( ) — 22822KB
• none-20250630.xsd (EX-101.SCH) — 1315KB
• none-20250630_htm.xml (XML) — 6068KB

Financial Statements

Financial Statements 3 4 5 6 Schedules of Investments as of June 30, 2025 (Unaudited) and December 31, 2024 7

Notes to Financial Statements (Unaudited)

Notes to Financial Statements (Unaudited) 16 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 4.

Controls and Procedures

Controls and Procedures 49 Part II. Other Information 50 Item 1.

Legal Proceedings

Legal Proceedings 50 Item 1A.

Risk Factors

Risk Factors 50 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50 Item 3. Defaults Upon Senior Securities 50 Item 4. Mine Safety Disclosures 50 Item 5. Other Information 50 Item 6. Exhibits 51

Signatures

Signatures 52 2 Redwood Enhanced Income Corp. (in thousands, except shares and per share data) June 30, 2025 December 31, 2024 (Unaudited) Assets Non-controlled/non-affiliated investments, at fair value (1) $ 383,113 $ 362,607 Non-controlled/affiliated investments, at fair value (2) 18,509 25,536 Cash and cash equivalents 255 384 Restricted cash 171 — Derivatives, at fair value 106 299 Receivable for investments sold 3,758 803 Interest and other receivables 6,662 7,530 Deferred debt issuance costs 267 613 Prepaid expenses and other assets 15 — Total assets $ 412,856 $ 397,772 Liabilities Debt $ 196,992 $ 169,157 Incentive fees payable — 1,337 Interest and other debt related payables 120 118 Distributions payable 6,464 10,915 Payable for investments purchased 4,439 286 Payable to broker 15 43 Management fees payable 737 477 Accrued expenses and other liabilities 351 450 Total liabilities $ 209,118 $ 182,783 Commitments and contingencies (Note 8) Net assets $ 203,738 $ 214,989 Composition of net assets applicable to common shareholders Common stock, $ 0.001 par value ( 1,000,000,000 shares authorized, 17,009,499 and 16,793,031 shares issued and outstanding, respectively) $ 17 $ 17 Paid-in capital in excess of par 243,768 241,020 Distributable earnings (deficit) ( 40,047 ) ( 26,048 ) Total net assets 203,738 214,989 Total liabilities and net assets $ 412,856 $ 397,772 Shares outstanding 17,009,499 16,793,031 Net asset value per share $ 11.98 $ 12.80 ———————————— (1) Non-controlled/non-affiliated investments at amortized co st $ 404,500 and $ 374,197 as of June 30, 2025 and December 31, 2024 , respectively. (2) Non-controlled/affiliated investments at amortized cost $ 18,128 and $ 22,968 as of June 30, 2025 a

View Full Filing

View this 10-Q filing on SEC EDGAR