Ready Capital raises $225M via 10% notes; declares Q3 2026 dividends

Ready Capital priced $225M of 10.00% senior secured notes due 2031 at 99.5% and will redeem $350M of 4.50% secured notes due 2026, reducing secured debt by $125M. The company also declared modest Q3 2026 dividends for common/OP and Preferred Series C and E.