Rithm Capital Corp. has priced an offering of $500 million in 8.500% senior unsecured notes maturing in 2031. The company intends to use the net proceeds for general corporate purposes, including the potential repayment of existing debt. The offering is expected to close on May 14, subject to customary closing conditions. The notes are being sold only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and will not carry registration rights.
Rithm Capital Corp.Rithm Capital is issuing $500M in high-coupon (8.5%) unsecured notes, increasing debt and interest expense.