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AI brief of an SEC Form 8-K · Ready Capital Corp (RC)

Ready Capital closes $225.0 million 10.00% notes sale, redeems $350.0 million 2026 notes

Neutral Impact 3 of 5 financing Written later

Ready Capital Corporation said its subsidiary ReadyCap Holdings II closed a private placement of $225.0 million of 10.00% senior secured notes due 2031 on September 28, 2026. On the same day, an indirect subsidiary redeemed the entire $350.0 million of its 4.50% senior secured notes due 2026 at 100% of principal plus accrued interest. The filing is a financing refinancing update and does not report revenue, earnings or guidance.

Key points

  • New Notes: $225.0 million aggregate principal, 10.00% coupon, due 2031, closed September 28, 2026
  • Existing Notes: entire $350.0 million 4.50% senior secured notes due 2026 redeemed September 28, 2026
  • Redemption price: 100% of principal amount plus accrued and unpaid interest
  • Offering was previously priced and disclosed in a Form 8-K filed September 18, 2026

The filing

CompanyReady Capital Corp (RC)
Form8-K, current report
Filed with the SECSep 28, 2026, 4:21 PM ET
Accession number0001628280-26-063725

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.