---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-016547"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T05:48:43.714463+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-016547
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465925016547/0001104659-25-016547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465925016547/tm257458d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-016547
- JSON: https://secwatch.observer/filing/0001104659-25-016547.json
- Plain text: https://secwatch.observer/filing/0001104659-25-016547.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.