Ready Capital Announces Closing of Public Sale of Senior Notes Due 2025

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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.

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