Financing ·
Ready Capital closes $225M private placement of 10% senior secured notes due 2031, redeems $350M of 4.5% notes due 2026
RCReady Capital Corp
Ready Capital Corporation closed a private placement of $225.0 million in aggregate principal amount of its 10.00% Senior Secured Notes due 2031 on September 28, 2026. Simultaneously, the company redeemed the entire $350.0 million outstanding balance of its 4.50% Senior Secured Notes due 2026 at a price equal to 100% of principal plus accrued interest. Ready Capital Corporation operates in the alternative asset management industry, providing real estate and infrastructure financing.