Ready Capital Prices $225 Million Debt Offering

08:03 AM EDT, 09/18/2026 (MT Newswires) -- Ready Capital (RC) has priced a private placement of $225 million of 10% senior secured notes due 2031 at 99.5% of principal, the company said Friday. The offering is expected to close Sept. 28. Additionally, the company issued a notice of redemption for the entire $350 million of its 4.50% senior secured notes due 2026, it said. Net proceeds of the offering, along with available cash, will be used to redeem the 4.50% notes, the company said.