Ready Capital amends note indenture to loosen leverage cap and reset net asset value floor

Bitget2026/09/23 20:12

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Ready Capital amended terms of its USD 100 million 7.375% Senior Notes due 2027 via a supplemental indenture dated Sept. 18, 2026.
Changes permit a Recourse Debt to Equity Ratio up to 2.0:1.
Minimum Consolidated Net Asset Value reset to USD 1.2 billion, adjusted upward by 75% of positive Net Equity Capital Activity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ready Capital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-063212), on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ready Capital amends note indenture to loosen leverage cap and reset net asset value floor

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