---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-062620"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2026-09-18T11:36:44+00:00"
generated_at: "2026-09-18T11:40:08.726838+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ready Capital prices $225M 10% notes due 2031 to fund $350M 2026 note redemption

## Summary
- Priced $225.0M private placement of 10.00% Senior Secured Notes due 2031 at 99.5% of par; closing expected Sept 28, 2026.
- Proceeds, plus cash, will redeem all $350.0M of 4.50% Senior Secured Notes due 2026 at 100% plus accrued interest.
- Transaction cuts corporate secured debt by $125M; leaves sole 2026 maturity of $100M due Nov 2026, to repay from cash.
- Represents completion of balance sheet repositioning: $2.3B cash generated, $1.7B asset financing repaid, $549M corporate debt retired.
- Company shifts focus to earnings growth, deploying capital into CRE debt and SBA originations; Piper Sandler placement agent.

## SEC filing metadata
- accession: 0001628280-26-062620
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2026-09-18T11:36:44+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000162828026062620/0001628280-26-062620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000162828026062620/rc-20260917.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-062620
- JSON: https://secwatch.observer/filing/0001628280-26-062620.json
- Plain text: https://secwatch.observer/filing/0001628280-26-062620.txt

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