{"filing":{"accession_number":"0001628280-26-063212","cik":"0001527590","ticker":"RC-PE","company_name":"Ready Capital Corp","form":"8-K","filing_date":"2026-09-23","report_date":"2026-09-18","primary_document":"rc-20260918.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1527590/000162828026063212/rc-20260918.htm"},"events":[{"id":34585,"run_id":31829,"accession_number":"0001628280-26-063212","anchor_item_number":"3.03","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.72,"summary":"Ready Capital entered into a First Supplement to its Eighth Supplemental Indenture on September 18, 2026, with consent of majority holders of $100 million in 7.375% Senior Notes due 2027. The amendment modifies two key financial covenants: (i) permits a Recourse Debt to Equity Ratio up to 2.0x (relaxing prior constraints), and (ii) resets the minimum Consolidated Net Asset Value floor to $1.2 billion plus 75% of Net Equity Capital Activity. This is a material modification to the rights and obligations of security holders under the indenture, affecting covenant compliance thresholds that could influence the Company's financial flexibility and the noteholders' protective provisions. While the amendment was consensual (majority-approved), it materially alters the contractual terms governing the debt securities.","company_name":"Ready Capital Corp","ticker":"RC-PE","filing_date":"2026-09-23","form":"8-K","submitted_at":null,"items":[{"id":38346,"accession_number":"0001628280-26-063212","item_number":"3.03","item_title":"Material Modification to Rights of Security Holders.","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.72,"reasoning":"Ready Capital entered into a First Supplement to its Eighth Supplemental Indenture on September 18, 2026, with consent of majority holders of $100 million in 7.375% Senior Notes due 2027. The amendment modifies two key financial covenants: (i) permits a Recourse Debt to Equity Ratio up to 2.0x (relaxing prior constraints), and (ii) resets the minimum Consolidated Net Asset Value floor to $1.2 billion plus 75% of Net Equity Capital Activity. This is a material modification to the rights and obligations of security holders under the indenture, affecting covenant compliance thresholds that could influence the Company's financial flexibility and the noteholders' protective provisions. While the amendment was consensual (majority-approved), it materially alters the contractual terms governing the debt securities.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:13:03.805598+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":38346,"accession_number":"0001628280-26-063212","item_number":"3.03","item_title":"Material Modification to Rights of Security Holders.","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.72,"reasoning":"Ready Capital entered into a First Supplement to its Eighth Supplemental Indenture on September 18, 2026, with consent of majority holders of $100 million in 7.375% Senior Notes due 2027. The amendment modifies two key financial covenants: (i) permits a Recourse Debt to Equity Ratio up to 2.0x (relaxing prior constraints), and (ii) resets the minimum Consolidated Net Asset Value floor to $1.2 billion plus 75% of Net Equity Capital Activity. This is a material modification to the rights and obligations of security holders under the indenture, affecting covenant compliance thresholds that could influence the Company's financial flexibility and the noteholders' protective provisions. While the amendment was consensual (majority-approved), it materially alters the contractual terms governing the debt securities.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:13:03.805598+00:00","company_name":"Ready Capital Corp","ticker":"RC-PE","filing_date":"2026-09-23"}]}