Ready Capital Corp. Files 8-K on Financials
Ticker: RC-PE · Form: 8-K · Filed: May 8, 2025 · CIK: 1527590
| Field | Detail |
|---|---|
| Company | Ready Capital Corp (RC-PE) |
| Form Type | 8-K |
| Filed Date | May 8, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, debt, real-estate
TL;DR
Ready Capital Corp. dropped an 8-K on May 8, 2025, updating its financial status and debt like senior notes due 2026.
AI Summary
On May 8, 2025, Ready Capital Corp. filed an 8-K report detailing its financial condition and results of operations. The filing includes information on various financial instruments, such as common stock, Series C and E preferred stock, and several senior notes due in 2026 with varying interest rates (A6.20%, A5.75%, and A9.00%).
Why It Matters
This filing provides investors with an update on Ready Capital Corp.'s financial structure and outstanding debt, crucial for assessing the company's financial health and investment risk.
Risk Assessment
Risk Level: low — This is a routine financial reporting filing with no immediate material events indicated.
Key Numbers
- A6.20% — Senior Notes Interest Rate (Part of the company's debt structure due in 2026)
- A5.75% — Senior Notes Interest Rate (Part of the company's debt structure due in 2026)
- A9.00% — Senior Notes Interest Rate (Part of the company's debt structure due in 2026)
Key Players & Entities
- Ready Capital Corp. (company) — Filer of the 8-K report
- May 8, 2025 (date) — Date of the earliest event reported
- A6.20% Senior Notes Due 2026 (dollar_amount) — Specific debt instrument mentioned
- A5.75% Senior Notes Due 2026 (dollar_amount) — Specific debt instrument mentioned
- A9.00% Senior Notes Due 2026 (dollar_amount) — Specific debt instrument mentioned
FAQ
What specific financial information is being reported in this 8-K filing?
The filing reports on Ready Capital Corp.'s results of operations and financial condition, including details on common stock, Series C and E preferred stock, and various senior notes due in 2026.
What are the maturity dates for the senior notes mentioned?
The senior notes mentioned are all due in 2026.
What is the interest rate on the A6.20% Senior Notes Due 2026?
The interest rate on the A6.20% Senior Notes Due 2026 is 6.20%.
What is the SIC code for Ready Capital Corp.?
The Standard Industrial Classification (SIC) code for Ready Capital Corp. is 6798, which corresponds to Real Estate Investment Trusts.
Has Ready Capital Corp. had previous names?
Yes, Ready Capital Corp. was formerly known as Sutherland Asset Management Corp. (name change effective 20161110) and ZAIS Financial Corp. (name change effective 20110808).
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 8, 2025 regarding Ready Capital Corp (RC-PE).