Ready Capital Corporation Announces Closing of Public Offering of Senior Notes Due 2029 and Partial Exercise of Over-allotment Option
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Ready Capital Corporation has successfully closed a public offering of $130 million in Senior Notes due 2029, with a 9.00% interest rate. The proceeds will be used for asset acquisition and general corporate purposes.
December 10, 2024 | 11:00 pm
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Ready Capital Corporation completed a $130 million public offering of 9% Senior Notes due 2029. The funds will support asset acquisition and corporate purposes, potentially enhancing the company's growth and financial stability.
The successful closing of the $130 million offering provides Ready Capital with additional capital to pursue its investment strategy, which could lead to growth and improved financial performance. The high interest rate of 9% indicates a strong demand for the notes, suggesting investor confidence in the company's strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100