Ready Capital Investor Presentation Deck
Third Quarter Strategic Highlights
Issued $100.0 million in aggregate principal amount of 7.375% Senior Unsecured
Notes due 2027.
Increased the size of the Company's existing stock repurchase program by an
additional $25 million, bringing the total amount authorized under the program to
$50 million.
In September, the Company acquired approximately 370 thousand shares of the
Company's common stock through the share repurchase program at an average
price of $10.29. In October, the Company acquired an additional 3.6 million
shares of the Company's common stock at an average price of $10.34.
In October, the Company completed the securitization of $860.1 million of floating
rate SBC loans and sold $656.9 million of senior bonds with a weighted average
cost of debt of SOFR + 3.0%.
READY CAPITAL.
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