Ready Capital Corporation Announces Pricing Terms for $120 Million Senior Notes Offering


NEW YORK, April 8, 2022 /PRNewswire/ — Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) announced today that it has priced an underwritten public offering of $120 million aggregate principal amount of its 6.125% senior unsecured notes due April 302025. The offering is expected to close on April 18, 2022 and is subject to customary closing conditions. The issue price to investors will be $1,000.00 per Note, plus accrued interest, if any, on April 18, 2022if settlement occurs after that date, and the Notes will be issued in minimum denominations of $2,000.00 and integer multiples of $1,000.00. The Company intends to use the net proceeds of this offering to create or acquire Target Assets in accordance with its investment strategy and for general business purposes.

Piper Sandler & Co. is responsible for bookkeeping and Keefe, Bruyette & Woods, A Stifel companyacts as lead tender manager.

The Company has filed a registration statement, preliminary prospectus and prospectus for the offering to which this communication relates with the Securities and Exchange Commission (the “SEC”), effective upon filing with the SEC. The offering will be made only by means of a prospectus supplement and an accompanying prospectus. A copy of these documents may be obtained free of charge from the SEC’s website at or from underwriters by contacting: (i) Piper Sandler & Co. at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by calling toll-free 866-805-4128, or by email at [email protected] or (ii) Keefe, Bruyette & Woods, A Stifel companyat 787 Seventh Avenue, Fourth Floor, New York, NY 10019, or by calling 1-800-966-1559, or by emailing [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Company, and there will be no sale of the securities of the Company in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Ready Capital Corporation

Ready Capital Corporation (NYSE:RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to mid-sized commercial loans. Ready Capital specializes in commercial real estate-backed loans, including multi-family agency, investor, and bridge loans as well as loans from the U.S. Small Business Administration under its Section 7(a) program. . Based at New York, New York, Ready Capital employs more than 600 credit professionals nationwide. The Company is externally managed and advised by Waterfall Asset Management, LLC.

Forward-looking statements

This press release contains certain forward-looking statements. Words such as “believe”, “expect”, “anticipate”, “estimate”, “plan”, “continue”, “intend”, “should”, “could”, “should” , “may”, “potential” or the negative form of these terms or other comparable terms are intended to identify forward-looking statements. These forward-looking statements are subject to the uncertainties inherent in predicting future results and conditions, many of which are beyond the Company’s control, including, without limitation, the risk factors and other matters set forth in the Prospectus Supplement and the accompanying leaflet. and the company’s annual report on Form 10‑K for the fiscal year ended December 31, 2021 filed with the SEC and in its other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations
Loan Capital Corporation
[email protected]


Show original content:

SOURCE Ready Capital Corporation


Comments are closed.