06:01 PM EST, 12/03/2024 (MT Newswires) -- Ready Capital ( RC ) said late Tuesday it priced a $115 million underwritten public offering of 9% senior notes due 2029.

Underwriters in the offering have a 30-day option to buy up to an additional $17.3 million notes, according to the company.

Net proceeds from the offering will be used to originate or acquire target assets and for general corporate purposes, Ready Capital ( RC ) added.

The company expects to close the offering on Dec. 10.