{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-063725","form_type":"8-K","ticker":"RC","cik":"0001527590","company_name":"Ready Capital Corp","filed_at":"2026-09-28T20:21:24+00:00","discovered_at":"2026-09-28T20:22:18.894695+00:00","generated_at":"2026-10-12T13:36:12.463295+00:00","sec_items":["8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ready Capital closes $225M 10% secured notes due 2031, redeems $350M 4.50% notes due 2026","bullets":["Subsidiary ReadyCap Holdings II, LLC closed a private placement of $225.0 million of 10.00% Senior Secured Notes due 2031 on September 28, 2026.","Subsidiary ReadyCap Holdings, LLC completed redemption of the entire $350.0 million outstanding of its 4.50% Senior Secured Notes due 2026 at 100% of principal plus accrued and unpaid interest.","Net effect is roughly $125 million less secured debt outstanding, but the new coupon of 10.00% is 550 basis points above the 4.50% notes being retired.","Both the offering close and the redemption were completed September 28, 2026, per terms priced and disclosed in the September 18, 2026 Form 8-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-063725","json":"https://secwatch.observer/filing/0001628280-26-063725.json","markdown":"https://secwatch.observer/filing/0001628280-26-063725.md","text":"https://secwatch.observer/filing/0001628280-26-063725.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527590/000162828026063725/0001628280-26-063725-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527590/000162828026063725/rc-20260928.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:36:12.463295+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}