debt
confidence high
sentiment neutral
materiality 0.60
Rithm Capital announces $775M private note offering and $275M tender offer for 2025 notes
Rithm Capital Corp.
- Plans to offer $775M aggregate principal of senior unsecured notes due 2029 in a private offering.
- Commences cash tender offer for up to $275M of its $550M outstanding 6.250% senior unsecured notes due 2025.
- Tender offer consideration: $970 per $1,000 principal plus $30 early tender payment if tendered by March 15, 2024.
- Net proceeds to reduce indebtedness, including tender offer, and for general corporate purposes.
- Tender offer expires April 1, 2024; subject to financing condition of completing debt financing.