secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001104659-25-016547
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000110465925016547/0001104659-25-016547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000110465925016547/tm257458d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-016547

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