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Ready Capital Corp
Ready Capital Corporation completed the issuance of $225 million in 10.00% senior secured notes due 2031 on September 28, 2026. Simultaneously, the company redeemed the entire $350 million aggregate principal amount of its 4.50% senior secured notes due 2026.…more
Ready Capital Corp
Ready Capital Corporation has amended its indenture for the 7.375% Senior Notes due 2027 with the consent of a majority of noteholders. The amendments permit a Recourse Debt to Equity Ratio of up to 2.0 to 1.0 and reset the minimum Consolidated Net Asset Value requirement to $1.2 billion plus 75% of Net Equity Capital Activity.…more
Ready Capital Corp
Ready Capital Corporation has priced $225 million in 10.00% senior secured notes due 2031 to redeem its existing $350 million in 4.50% notes due 2026. This transaction reduces the company's corporate secured debt by $125 million and marks a strategic shift from liquidity generation to earnings growth.…more
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Ready Capital Prices $225M Notes and Announces $350M Debt Redemption
Ready Capital has priced $225 million in senior secured notes due 2031 to fund the redemption of $350 million in notes maturing in 2026. This move completes a key balance sheet restructuring milestone, allowing the company to shift its focus from liquidity management to earnings growth.…more
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Ready Capital Corporation has declared cash dividends for its common and preferred stock for the third quarter of 2026. The common stock dividend of $0.01 per share is scheduled for payment on October 30, 2026.…more
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Lincoln Property, Saber-Hightower, and Waterfall Asset Management have acquired a $450 million real estate portfolio spanning 4 million square feet across New York, New Jersey, and Connecticut. This acquisition represents a significant expansion of their regional real estate holdings.…more
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