Ready Capital prices $115M of 9.00% senior notes due 2029 at $25 each

Ready Capital Corp

$115M aggregate principal of 9.00% senior unsecured notes due 2029; priced at $25.00 per note.
Net proceeds expected to be ~$110.9M after underwriter discounts and offering expenses.
Proceeds to originate/acquire target assets, for general corporate purposes; may temporarily reduce borrowings.
Closing expected December 10, 2024, subject to customary conditions.

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