Ready Capital Prices $115 Million Debt Offering

MT Newswires Live

2024/12/04

Ready Capital (RC) said late Tuesday it priced a $115 million underwritten public offering of 9% senior notes due 2029.

Underwriters in the offering have a 30-day option to buy up to an additional $17.3 million notes, according to the company.

Net proceeds from the offering will be used to originate or acquire target assets and for general corporate purposes, Ready Capital added.

The company expects to close the offering on Dec. 10.

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