Ready Capital closes $130M 9% senior notes due 2029; NYSE symbol RCD

Ready Capital Corp

Issued $130M aggregate principal of 9.00% Senior Notes due 2029, including $15M over-allotment.
Net proceeds of $125.4M after discounts and expenses; issue price $25 per Note.
Interest payable quarterly; notes mature December 15, 2029; no redemption before Dec 15, 2026.
Proceeds to be used to originate/acquire target assets, for general corporate purposes, or to reduce repurchase borrowings.
Listed on NYSE under symbol "RCD"; trading expected within 30 days.

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