---
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"
generated_at: "2026-10-12T13:36:12.463295+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ready Capital closes $225M 10% secured notes due 2031, redeems $350M 4.50% notes due 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-063725
- JSON: https://secwatch.observer/filing/0001628280-26-063725.json
- Plain text: https://secwatch.observer/filing/0001628280-26-063725.txt

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