Ready Capital prices USD 225 million senior secured notes due 2031 in private placement
RC•Private placement priced for 2031 senior secured notes
Ready Capital priced a private placement of USD 225 million 10% Senior Secured Notes due 2031 at 99.5.
- Closing expected Sept. 28, 2026.
- Proceeds, with cash, earmarked to redeem USD 350 million 4.5% Senior Secured Notes due 2026 at par.
- Transaction cuts corporate secured debt by USD 125 million.
- Only remaining 2026 corporate debt maturity is USD 100 million due November, expected to be repaid from cash.
