Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it closed an underwritten public offering of $120.00 million aggregate principal amount of 6.125% senior unsecured notes due 2025 (the “Notes”). The issue price to investors was $1,000.00 per Note. The Notes were issued in minimum denominations of $2,000.00 and integral multiples of $1,000.00. The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general business purposes.
Piper Sandler & Co. served as book-running manager and Keefe, Bruyette & Woods, A Stifel Company, served as lead manager for the offering.
Click here to view the full press release: https://ir.readycapital.com/investor-relations/News/news-details/2022/Ready-Capital-Corporation-Announces-Closing-of-Public-Sale-of-Senior-Notes-Due-2025/default.aspx