Ready Capital (NYSE: RC) sets April 22, 2026 redemption for 6.20% notes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Ready Capital Corporation plans to redeem all of its 6.20% Senior Notes due 2026. The company has issued a redemption notice stating that the notes will be redeemed on April 22, 2026 at a price equal to 100% of their principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

The redemption will be carried out under the existing indenture with U.S. Bank Trust Company, National Association, as trustee, and the company states that the redemption payment will be funded with available cash.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

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Accepted by SEC EDGAR 03/23/2026 - 07:18 PM

FAQ

What action is Ready Capital (RC) taking regarding its 6.20% Senior Notes due 2026?

Ready Capital plans to redeem all of its 6.20% Senior Notes due 2026. The notes will be called in full under the existing indenture, ending that particular debt obligation once the redemption is completed and paid.

When will Ready Capital (RC) redeem its 6.20% Senior Notes due 2026?

Ready Capital has set April 22, 2026 as the redemption date for the 6.20% Senior Notes due 2026. Noteholders will receive the redemption price and accrued interest up to, but excluding, that date.

At what price will Ready Capital (RC) redeem the 6.20% Senior Notes due 2026?

The notes will be redeemed at 100% of their principal amount plus accrued and unpaid interest to, but excluding, April 22, 2026. This means investors receive full face value along with interest earned up to the redemption date.

How will Ready Capital (RC) fund the redemption of its 6.20% Senior Notes due 2026?

Ready Capital states that the redemption payment will be made with available cash. Using available cash suggests the company expects to satisfy the full principal and accrued interest without relying on a separate financing transaction.

Does the 8-K itself serve as the official redemption notice for Ready Capital’s 6.20% notes?

No. The filing explicitly states it does not constitute a notice of redemption. A separate formal redemption notice has been issued under the terms of the indenture governing the 6.20% Senior Notes due 2026.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 23, 2026

READY CAPITAL CORPORATION

(Exact name of registrant as specified in its charter)

Maryland		001-35808		90-0729143
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1251 Avenue of the Americas, 50^thFloor

New York, NY 10020

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (212) 257-4600

N/A

(Former Name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.0001 par value	RC	New York Stock Exchange
Preferred Stock, 6.25% Series C Cumulative Convertible, $0.0001 par value per share	RC PRC	New York Stock Exchange
Preferred Stock, 6.50% Series E Cumulative Redeemable, par value $0.0001 per share	RC PRE	New York Stock Exchange
6.20% Senior Notes due 2026	RCB	New York Stock Exchange
5.75% Senior Notes due 2026	RCC	New York Stock Exchange
9.00% Senior Notes due 2029	RCD	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events.

On March 23, 2026, Ready Capital Corporation (the “Company”) issued a notice of redemption to redeem all of its outstanding 6.20% Senior Notes due 2026 (the “Notes”). The redemption is being made pursuant to the Indenture dated as of August 9, 2017 (as supplemented by the Third Supplemental Indenture thereto, dated as of February 26, 2019, the “Base Indenture”), as supplemented by the Fourth Supplemental Indenture, dated as of July 22, 2019 (the “Supplemental Indenture” and the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”), by and between the Company and U.S. Bank Trust Company, National Association, a national banking association duly organized and existing under the laws of the United States of America, as successor to U.S. Bank National Association, as Trustee (the “Trustee”), relating to the Notes. The Company will redeem on April 22, 2026 (the “Redemption Date”) all of the outstanding Notes for the redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The redemption payment will be made with available cash. This Current Report on Form 8-K does not constitute a notice of redemption of the Notes.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains certain forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “will,” “should,” “could,” “would,” “may,” “potential” or the negative of those terms or other comparable terminology are intended to identify forward-looking statements. The Company intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. In particular, these statements include, without limitation, statements about our intended redemption and payment date. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond the control of the Company, including, without limitation, the risk factors and other matters set forth in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), and other reports filed by the Company with the SEC, copies of which are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Signatures

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.

	READY CAPITAL CORPORATION

Date: March 23, 2026	By:	/s/ Andrew Ahlborn
	Name:	Andrew Ahlborn
	Title:	Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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