secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001104659-22-082474
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000110465922082474/0001104659-22-082474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000110465922082474/tm2221688d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-082474

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