Short answer
Ready Capital Corp (RC) filed an 8-K current report with the SEC on September 23, 2026 reporting Item 3.03 (Material Modification to Rights of Security Holders). Majority noteholder consent amended covenants governing $100 million of 7.375% senior notes due 2027.
Ready Capital Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 3.03 · Material Modification to Rights of Security Holders
- Majority noteholder consent amended covenants governing $100 million of 7.375% senior notes due 2027
- Recourse Debt to Equity Ratio limit increased to 2.0:1.0, providing greater balance-sheet flexibility
- Minimum Consolidated Net Asset Value set at $1.2 billion plus 75% of positive Net Equity Capital Activity
- Quarterly covenant tests may constrain leverage and capital actions despite the revised thresholds
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