Ready Capital subsidiary closes $220M 9.375% Senior Secured Notes due 2028

Ready Capital Corp

ReadyCap Holdings issued $220M aggregate principal of 9.375% Senior Secured Notes due 2028.
Notes are guaranteed by parent Ready Capital and several subsidiaries; secured by first-priority lien on assets of RCSR I and II.
Net proceeds to be used for repayment of indebtedness and general corporate purposes.
Piper Sandler & Co. acted as placement agent; notes offered in private placement exempt from registration.

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