debt
confidence high
sentiment neutral
materiality 0.65
Rithm Capital closes $500M 8% notes due 2030; redeems 6.25% 2025 notes
Rithm Capital Corp.
- Closed private offering of $500M aggregate principal of 8.000% senior unsecured notes due July 15, 2030.
- Interest payable semi-annually on Jan 15 and Jul 15, starting Jan 15, 2026; notes unsecured and rank equally with existing senior debt.
- Net proceeds will redeem outstanding 6.250% 2025 Notes on July 2, 2025 at 100% of principal plus accrued interest.
- Make-whole redemption before July 15, 2027; declining premiums from 104% to 100% thereafter; up to 40% redeemable at 108% with equity offering proceeds.
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