Rithm Capital Corp. Announces Proposed Offering of Senior Unsecured Notes
June 16 2025 - 7:30AM
Business Wire
Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”)
announced today that it plans to offer $500 million aggregate
principal amount of senior unsecured notes due 2030 (the “notes”).
The Company intends to use a portion of the net proceeds from this
offering to redeem the outstanding 6.250% senior unsecured notes
due 2025 (the “2025 Notes”), with the remainder of the net proceeds
to be used for general corporate purposes, which may include the
repayment of other indebtedness. This press release does not
constitute a notice of redemption with respect to the 2025
Notes.
The notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “Securities Act”), any
state securities laws or the securities laws of any other
jurisdiction, and may not be offered or sold in the United States
absent registration or an applicable exemption from registration.
Accordingly, the notes are being offered and sold only to persons
reasonably believed to be qualified institutional buyers in
accordance with Rule 144A under the Securities Act and, outside the
United States, in reliance on Regulation S under the Securities
Act.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
ABOUT RITHM CAPITAL
Rithm Capital Corp. is a global, multi-dimensional asset manager
with significant experience managing credit and real estate assets
through various cycles. The firm combines deep institutional
expertise with an entrepreneurial culture that drives innovation
and disciplined growth across debt markets. Rithm’s integrated
platform spans structured credit, residential and commercial
lending, and mortgage servicing rights (MSRs). Through subsidiaries
such as Newrez, Genesis Capital, Sculptor Capital Management, and
Adoor, Rithm has established a unique owner-operator servicing
model, capable of sourcing, acquiring, underwriting, securitizing,
and actively managing loans and securities, to drive value across
private and public markets.
Since inception in 2013, Rithm has delivered approximately $5.8
billion in dividends to shareholders. The Company is headquartered
in New York City.
FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including, but not limited to,
statements relating to the Company’s intention to issue the notes
and the intended use of proceeds of the offering. Forward-looking
statements are not historical in nature and can be identified by
words such as “believe,” “expect,” “anticipate,” “estimate,”
“project,” “plan,” “continue,” “intend,” “should,” “would,”
“could,” “goal,” “objective,” “will,” “may,” “seek,” or similar
expressions or their negative forms. Forward-looking statements are
subject to numerous assumptions, risks and uncertainties, which
change over time and are beyond our control. Forward-looking
statements speak only as of the date they are made. Rithm does not
assume any duty or obligation (and does not undertake) to update or
supplement any forward-looking statements. Because forward-looking
statements are, by their nature, to different degrees, uncertain
and subject to numerous assumptions, risks and uncertainties,
actual results or future events, circumstances or developments
could differ, possibly materially, from those that Rithm
anticipated in its forward-looking statements, and future results
and performance could differ materially from historical
performance. Factors that could cause or contribute to such
differences include, but are not limited to, those set forth in the
section entitled “Risk Factors” in Rithm’s most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q filed with
the SEC, and other reports filed by Rithm with the SEC, copies of
which are available on the SEC’s website, www.sec.gov. The list of
factors presented here is not, and should not be, considered a
complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements.
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Investor Relations (212)-850-7770 ir@rithmcap.com
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