Rithm Capital Corp. Announces Pricing of Offering of Senior Unsecured Notes
June 17 2025 - 4:15PM
Business Wire
Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”)
announced today that it has priced its previously announced
offering of $500 million aggregate principal amount of 8.000%
senior unsecured notes due 2030 (the “notes”). The Company intends
to use a portion of the net proceeds from this offering to redeem
its 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. The notes will not have any registration
rights. This press release does not constitute a notice of
redemption with respect to the 2025 Notes.
The offering is expected to close on June 20, 2025, subject to
customary closing conditions.
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 ability to complete the
offering, the intended use of proceeds of the offering and the
expected closing date 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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