Short answer
Ready Capital Corp (RC) filed an 8-K current report with the SEC on September 18, 2026 reporting Item 8.01 (Other Events). $225.0M 10.00% senior secured notes due 2031, priced at 99.5% for $223.9M proceeds.
Ready Capital Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- $225.0M 10.00% senior secured notes due 2031, priced at 99.5% for $223.9M proceeds
- Proceeds intended to redeem $350.0M of 4.50% notes due 2026 at par plus accrued interest
- Refinancing raises borrowing cost materially while extending maturity to 2031
- New notes secured by first-priority liens and guaranteed by the Company and subsidiaries
- Closing expected September 28, 2026; escrow returns proceeds if transaction fails by October 19, 2026
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