secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001104659-24-127179
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000110465924127179/0001104659-24-127179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000110465924127179/tm2430643d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-127179

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