Ready Capital Prices Baby Bonds

Ready Capital (RC) has priced their new issue of $25 baby bonds.

While the SEC paperwork has not been filed the company issued a press release with some of the details. I will post the details when they are available.

The issue prices at 5.75% and they have sold 7 million shares (bonds). The notes will mature in 2026 and will trade under ticker RCC when they begin to trade in a week or so.

They will be calling their 6.5% senior notes (RCP) with the proceeds.

The company press release can be read here.

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