Ready Capital Corporation Announces Public Offering of Common Stock

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NEW YORK, Jan. 11, 2022 — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it is commencing an underwritten public offering of 6,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. The Company intends to use the net proceeds from this offering to originate or acquire the Company’s target assets consistent with its investment strategy and for general corporate purposes.

Morgan Stanley, Wells Fargo Securities, UBS Investment Bank, Keefe, Bruyette & Woods, A Stifel Company, and Raymond James are acting as the joint book-running managers for the offering. The underwriters propose to offer the shares of common stock from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. 

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