debt
confidence high
sentiment neutral
materiality 0.70
Rithm Capital prices $775M 8.000% senior notes due 2029, launches tender offer for $275M of 6.250% notes
Rithm Capital Corp.
- Priced $775 million aggregate principal amount of 8.000% senior unsecured notes due 2029.
- Intends to use a portion of proceeds for reduction of indebtedness and tender offer for $275M of 6.250% notes due 2025.
- Offering expected to close on March 19, 2024, subject to customary conditions.
- Notes offered only to qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S.
- Remaining net proceeds to be used for general corporate purposes.