Ready Capital Corporation Announces Closing of $220.0 Million of Senior Secured Notes
Ready Capital (RC) Newsfilter·2025-02-24 21:32NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) ("Ready Capital" or the "Company") today announced that on February 21, 2025, ReadyCap Holdings, LLC ("ReadyCap"), an indirect subsidiary of the Company closed a private placement of $220.0 million in aggregate principal amount of its 9.375% Senior Secured Notes due 2028 (the "Notes"). The Notes are senior secured obligations of ReadyCap. Payments of the amounts due on the Notes are fully and unconditionally guaranteed (the "Gua ...