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Stock impact report

Ready Capital Corporation Announces Closing of Public Sale of Senior Notes and Full Exercise of Over-allotment Option

Ready Capital Corproation (RC) 
Last ready capital corproation earnings: 3/11 04:39 pm Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, July 22, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it closed an underwritten public offering of $57.5 million aggregate principal amount of 6.20% Senior Notes due 2026 (the "Notes"), including $7.5 million aggregate principal amount relating to the full exercise of the underwriters' over-allotment option.  The Notes were issued in minimum denominations and integral multiples of $25.00.  The Company intends to use the net proceeds from this offering to originate or acquire additional mortgage loans and mortgage-related assets consistent with its investment strategy and for general business purposes.  Sandler O'Neill + Partners, L.P. and B. Riley FBR, Inc. served as book-running managers for the offering.The Notes have been approved for listing on the New York Stock Exchange under the symbol "RCB," and trading is expected to commence within 30 days of the closing of the offering.A registration statement re Show less Read more
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