Ready Capital prices $225M 2031 notes and redeems $350M 2026s
Ready Capital priced $225M of 10.00% senior secured notes due 2031 at 99.5% and will redeem $350M of 4.50% notes due 2026 at par plus accrued interest, cutting corporate secured debt by $125M. Closing is expected Sept. 28, 2026.
50% notes due 2026 at par plus accrued interest. The company said the move will reduce corporate secured debt by $125M. Closing of the new notes is expected Sept. 28, 2026.