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Stock impact report

Ready Capital Corporation Announces Closing of Public Sale of Senior Notes

Ready Capital Corp (RC)  More Company Research Source: PR Newswire
Last ready capital corp earnings: 11/6 04:52 pm Check Earnings Report
PDF NEW YORK, Dec. 2, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it closed an underwritten public offering of $45.00 million aggregate principal amount of 6.20% senior notes due 2026 (the "new notes"). The new notes have the same terms (except with respect to issue date, issue price and the date from which interest will accrue) as, are fully fungible with and are treated as a single series of debt securities as, the 6.20% senior notes due 2026 the Company issued on July 22, 2019 in an aggregate principal amount of $57.5 million (the "existing notes"). The new notes were issued in minimum denominations and integral multiples of $25.00. The Company has granted the underwriters a 30-day over-allotment option to purchase up to an additional $6.75 million aggregate principal amount of the new notes. The Company intends to use the net proceeds from the offering to originate or acquire additional mortgage loans and mortgage-r [Read more]
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