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GlobeNewsWire
13 days ago
Ready Capital Corporation Provides Business Update
Completed Sale of 47 Commercial Real Estate Loans Totaling $943 Million in Unpaid Principal Balance Collapsed RCMF 2023-FL11 and RCMF 2023-FL12, the Company's Remaining Outstanding Collateralized Loan Obligations Issued Redemption Notice to Bondholders on the Company's 6.20% Senior Unsecured Notes due July 2026 Signed a $1 Billion Arrangement to Fund the Company's Off Balance Sheet Commercial Real Estate Loan Originations NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today provided an update on its previously disclosed de-leveraging strategy and recent actions intended to strengthen its balance sheet. Liquidity Plan Activity The Company continues to advance its previously disclosed plan to generate over $850 million in free cash and reduce its legacy commercial real estate (“CRE”) loan exposure.