Ready Capital plans to sell senior notes due 2028 via Piper Sandler

By Devika Patel

Knoxville, Tenn., Dec. 16 – Ready Capital Corp. intends to price senior notes due 2028, according to a 424B3 filed with the Securities and Exchange Commission on Thursday.

The notes feature a make-whole call at Treasuries plus 50 basis points until 2024 and then a par call.

Piper Sandler Co. is the bookrunner.

Proceeds will be used to originate or acquire target assets and for general corporate purposes.

Ready Capital is a New York-based real estate finance company.

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