Ready Capital amends note indenture to loosen leverage cap and reset net asset value floor
RC•Indenture amendment changes leverage and asset value tests
Ready Capital amended the terms of its $100 million 7.375% Senior Notes due 2027 through a supplemental indenture dated Sept. 18, 2026.
- The changes permit a Recourse Debt to Equity Ratio of up to 2.0:1.
- The Minimum Consolidated Net Asset Value was reset to $1.2 billion, adjusted upward by 75% of positive Net Equity Capital Activity.
