secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Capital Corp. (RITM)
CIK:        0001556593
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001140361-24-014140
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rithm closes $775M 8% notes due 2029, repurchases $275M of 6.25% notes via tender
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- Closed $775M private offering of 8.000% senior unsecured notes due 2029, payable semi-annually.
- Used $275M of net proceeds plus cash to repurchase $275M of 6.250% notes due 2025 via tender offer (prorated at 56.9%).
- $483.6M of 2025 notes tendered, exceeding the $275M cap; remaining $275M outstanding.
- Notes mature April 1, 2029; redeemable at make-whole prior to April 2026, then at declining premiums.
- New notes are senior unsecured, ranking equally with existing senior unsecured and senior to subordinated debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556593/000114036124014140/0001140361-24-014140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556593/000114036124014140/ef20024409_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-014140

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