secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2026-09-23T20:11:20+00:00
Accession:  0001628280-26-063212
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital amends 7.375% notes indenture; raises leverage cap to 2.0x
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- First Supplement to Eighth Supplemental Indenture dated Sept 18, 2026, with U.S. Bank Trust as trustee.
- Permits Recourse Debt to Equity Ratio up to 2.0 to 1.0, amended from prior covenant.
- Sets minimum Consolidated Net Asset Value at $1.2B plus 75% of Net Equity Capital Activity, measured quarterly.
- Amendment approved by holders of majority of outstanding 7.375% Senior Notes due 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828026063212/0001628280-26-063212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828026063212/rc-20260918.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063212

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