secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001104659-24-126306
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000110465924126306/0001104659-24-126306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000110465924126306/tm2430340d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126306

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