---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-082474"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:10:40.550939+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ready Capital issues $80M of 7.375% Senior Notes due 2027; net proceeds ~$77.5M

## Summary
- Issued $80M aggregate principal 7.375% Senior Notes due July 31, 2027; sold at $975 per Note.
- Net proceeds approx. $77.5M after expenses; contributed to operating partnership.
- Proceeds to be used for target asset origination/acquisition and general corporate purposes; may temporarily reduce borrowings.
- Notes are senior unsecured; rank equal with existing unsecured debt; not listed on any exchange.
- Interest payable semi-annually Jan 31 & Jul 31; first payment Jan 31, 2023.

## SEC filing metadata
- accession: 0001104659-22-082474
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2022-07-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465922082474/0001104659-22-082474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465922082474/tm2221688d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-082474
- JSON: https://secwatch.observer/filing/0001104659-22-082474.json
- Plain text: https://secwatch.observer/filing/0001104659-22-082474.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.