Ready Capital Corporation Announces Closing of Public Offering of Senior Notes Due 2029 and Partial Exercise of Over-allotment Option
Ready Capital Corporation (RC)
Last ready capital corporation earnings: 3/11 04:39 pm
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Source: GlobeNewswire
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it closed an underwritten public offering of $130 million aggregate principal amount of 9.00% Senior Notes due 2029 (the “Notes”), including $15 million aggregate principal amount relating to the partial 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 target assets consistent with its investment strategy and for general corporate purposes. Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC served as book-running managers for the offering. The Notes have been approved for listing on the New York Stock Exchange under the symbol “RCD” and trading is expected to commence within 30 days of the closing of t
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- Ready Capital Co. (NYSE: RC) had its price target lowered by analysts at JMP Securities from $10.50 to $9.50. They now have a "market outperform" rating on the stock.MarketBeat
- UDF IV Adjourns 2024 Annual Meeting of Stockholders Due to Lack of Quorum [Yahoo! Finance]Yahoo! Finance
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RC
Earnings
- 11/7/24 - Miss
RC
Sec Filings
- 12/11/24 - Form 425
- 12/10/24 - Form CERT
- 12/10/24 - Form 8-A12B
- RC's page on the SEC website