debt
confidence high
sentiment neutral
materiality 0.65
Rithm Capital closes $500M private offering of 8.500% senior notes due 2031
Rithm Capital Corp.
- $500M aggregate principal of 8.500% senior unsecured notes due June 1, 2031.
- Interest payable semi-annually on June 1 and Dec 1, starting Dec 1, 2026.
- Make-whole redemption prior to June 1, 2028; declining prices thereafter; up to 40% redeemable at 108.500% with equity proceeds.
- Change of control repurchase at 101% of principal plus accrued interest.
- Net proceeds for general corporate purposes, may include debt repayment.
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