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[8-K] Rithm Capital Corp. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Rithm Capital Corp has closed a private offering of $500 million in senior unsecured notes due 2030, with an interest rate of 8.000%. The notes, issued on June 20, 2025, will pay interest semi-annually starting January 15, 2026.

Key features of the 2030 Senior Notes include:

  • Maturity date: July 15, 2030
  • Senior unsecured obligations ranking equal to existing senior unsecured debt
  • Requirement to maintain Total Unencumbered Assets of at least 120% of outstanding Unsecured Indebtedness
  • Early redemption options with varying premiums starting July 15, 2027

The company plans to use the proceeds to redeem its outstanding 6.250% Senior Notes due 2025, with remaining funds allocated for general corporate purposes. A redemption notice for the 2025 Notes was issued on June 17, 2025, with redemption scheduled for July 2, 2025.

Rithm Capital Corp ha completato un'offerta privata di 500 milioni di dollari in obbligazioni senior non garantite con scadenza 2030 e un tasso d'interesse del 8,000%. Le obbligazioni, emesse il 20 giugno 2025, pagheranno interessi semestralmente a partire dal 15 gennaio 2026.

Le caratteristiche principali delle Obbligazioni Senior 2030 includono:

  • Data di scadenza: 15 luglio 2030
  • Obbligazioni senior non garantite con pari rango rispetto al debito senior non garantito esistente
  • Obbligo di mantenere Attivit脿 Totali Libere da Vincoli almeno al 120% del Debito Non Garantito in essere
  • Opzioni di rimborso anticipato con premi variabili a partire dal 15 luglio 2027

L'azienda intende utilizzare i proventi per rimborsare le Obbligazioni Senior al 6,250% in scadenza nel 2025, destinando i fondi residui a scopi aziendali generali. Un avviso di rimborso per le obbligazioni 2025 猫 stato emesso il 17 giugno 2025, con rimborso previsto per il 2 luglio 2025.

Rithm Capital Corp ha cerrado una oferta privada de 500 millones de d贸lares en bonos senior no garantizados con vencimiento en 2030, con una tasa de inter茅s del 8,000%. Los bonos, emitidos el 20 de junio de 2025, pagar谩n intereses semestralmente a partir del 15 de enero de 2026.

Las caracter铆sticas clave de los Bonos Senior 2030 incluyen:

  • Fecha de vencimiento: 15 de julio de 2030
  • Obligaciones senior no garantizadas con igual rango que la deuda senior no garantizada existente
  • Requisito de mantener Activos Totales No Gravados de al menos el 120% de la Deuda No Garantizada en circulaci贸n
  • Opciones de redenci贸n anticipada con primas variables a partir del 15 de julio de 2027

La compa帽铆a planea usar los ingresos para redimir sus Bonos Senior al 6.250% con vencimiento en 2025, destinando los fondos restantes a prop贸sitos corporativos generales. Se emiti贸 un aviso de redenci贸n para los Bonos 2025 el 17 de junio de 2025, con redenci贸n programada para el 2 de julio de 2025.

Rithm Capital Corp電� 2030雲� 毵岅赴 靹犾垳鞙� 氍措嫶氤� 毂勱秾 5鞏� 雼煬鞚� 靷 氚滍枆鞚� 鞕勲頄堨溂氅�, 鞚挫瀽鞙潃 8.000%鞛呺媹雼�. 2025雲� 6鞗� 20鞚检棎 氚滍枆霅� 鞚� 毂勱秾鞚� 2026雲� 1鞗� 15鞚茧秬韯� 氚橁赴氤勲 鞚挫瀽毳� 歆�旮夗暕雼堧嫟.

2030雲� 靹犾垳鞙� 毂勱秾鞚� 欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:

  • 毵岅赴鞚�: 2030雲� 7鞗� 15鞚�
  • 旮办〈 靹犾垳鞙� 氍措嫶氤� 攵�毂勳檧 霃欖澕頃� 靾滌渼鞚� 靹犾垳鞙� 氍措嫶氤� 毂勲
  • 氙鸽嫶氤� 攵�毂� 鞛旍暋鞚� 斓滌唽 120%鞐� 頃措嫻頃橂姅 齑� 氍措嫶氤� 鞛愳偘 鞙犾 鞚橂
  • 2027雲� 7鞗� 15鞚茧秬韯� 雼れ枒頃� 頂勲Μ氙胳梽鞚� 鞝侅毄霅橂姅 臁瓣赴 靸來櫂 鞓奠厴

須岇偓電� 臁半嫭 鞛愱笀鞚� 2025雲� 毵岅赴 6.250% 靹犾垳鞙� 毂勱秾 靸來櫂鞐� 靷毄頃橁碃, 雮潃 鞛愱笀鞚� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄頃� 瓿勴殟鞛呺媹雼�. 2025雲� 毂勱秾鞐� 雽�頃� 靸來櫂 韱奠電� 2025雲� 6鞗� 17鞚检棎 氚滍枆霅橃棃鞙茧┌, 靸來櫂 鞓堨爼鞚检潃 2025雲� 7鞗� 2鞚检瀰雼堧嫟.

Rithm Capital Corp a cl么tur茅 une offre priv茅e de 500 millions de dollars en obligations senior non garanties arrivant 脿 茅ch茅ance en 2030, avec un taux d'int茅r锚t de 8,000%. Les obligations, 茅mises le 20 juin 2025, verseront des int茅r锚ts semestriels 脿 partir du 15 janvier 2026.

Les caract茅ristiques cl茅s des Obligations Senior 2030 comprennent :

  • Date d'茅ch茅ance : 15 juillet 2030
  • Obligations senior non garanties de rang 茅gal 脿 la dette senior non garantie existante
  • Obligation de maintenir des Actifs Totaux Non Grev茅s d'au moins 120 % de l'Endettement Non Garanti en cours
  • Options de remboursement anticip茅 avec primes variables 脿 partir du 15 juillet 2027

La soci茅t茅 pr茅voit d'utiliser les fonds pour rembourser ses Obligations Senior 脿 6,250 % arrivant 脿 茅ch茅ance en 2025, les fonds restants 茅tant destin茅s 脿 des fins g茅n茅rales d'entreprise. Un avis de remboursement pour les obligations 2025 a 茅t茅 茅mis le 17 juin 2025, avec un remboursement pr茅vu pour le 2 juillet 2025.

Rithm Capital Corp hat eine Privatplatzierung von 500 Millionen US-Dollar in unbesicherten vorrangigen Schuldverschreibungen mit F盲lligkeit 2030 und einem Zinssatz von 8,000% abgeschlossen. Die am 20. Juni 2025 ausgegebenen Schuldverschreibungen zahlen ab dem 15. Januar 2026 halbj盲hrliche Zinsen.

Wesentliche Merkmale der Senior Notes 2030 sind:

  • F盲lligkeitsdatum: 15. Juli 2030
  • Unbesicherte vorrangige Verbindlichkeiten mit gleichem Rang wie bestehende unbesicherte vorrangige Schulden
  • Verpflichtung, unbeschwerte Gesamtverm枚genswerte von mindestens 120% der ausstehenden unbesicherten Verbindlichkeiten zu halten
  • Optionen zur vorzeitigen R眉ckzahlung mit unterschiedlichen Pr盲mien ab dem 15. Juli 2027

Das Unternehmen plant, die Erl枚se zur R眉ckzahlung seiner ausstehenden 6,250% Senior Notes mit F盲lligkeit 2025 zu verwenden, wobei verbleibende Mittel f眉r allgemeine Unternehmenszwecke vorgesehen sind. Eine R眉ckzahlungsank眉ndigung f眉r die 2025 Notes wurde am 17. Juni 2025 ver枚ffentlicht, die R眉ckzahlung ist f眉r den 2. Juli 2025 geplant.

Positive
  • Successfully raised $500 million through 8.000% senior unsecured notes due 2030, strengthening the company's long-term capital structure
  • Maintains strong asset coverage with requirement to keep Total Unencumbered Assets at minimum 120% of outstanding Unsecured Indebtedness
  • Proactively managing debt maturity profile by using proceeds to redeem 2025 Notes, reducing near-term refinancing risk
Negative
  • Higher interest cost with new 8.000% notes compared to existing 6.250% 2025 Notes, indicating increased borrowing costs
  • New notes are structurally subordinated to liabilities and preferred stock of subsidiaries, potentially limiting financial flexibility
  • Additional $500M debt obligation could increase financial leverage and interest expense burden

Insights

New 8% 2030 notes refinance 2025 debt; higher coupon offsets extended tenor, overall balance-sheet impact appears earnings-neutral.

What happened: Rithm closed a private placement of $500 million senior unsecured notes due 2030 at an 8.0% fixed rate and issued a redemption notice for its 6.250% notes maturing 2025. The notes rank pari passu with existing unsecured debt, carry change-of-control put at 101%, and include covenants requiring unencumbered assets 鈮�120% of unsecured debt.

Liquidity & maturity profile: Proceeds will retire the 2025 notes and for general purposes. Extending the nearest maturity by five years reduces refinancing risk in the medium term and increases the weighted-average life of the debt stack.

Cost of capital: The new coupon is 175 bp above the redeemed securities, implying roughly $8.8 million higher annual interest expense per $500 million (assuming full take-out). The trade-off is longer tenor and additional flexibility before the next major unsecured maturity.

Covenant package: The unencumbered-assets test is customary for mortgage REITs; at 120%, the cushion is moderate but not restrictive. No subsidiary guarantees leave structural subordination unchanged.

Optional redemption: Make-whole call protection through July 2027, then step-down prices (104/102/100) provide issuer flexibility to refinance if spreads tighten.

Takeaway: The transaction is a routine refinancing at a higher headline rate. It shores up the maturity ladder but marginally elevates interest burden. Absent details on the 2025 note size, the net leverage change cannot be quantified, so the near-term economic effect looks balanced.

Rithm Capital Corp ha completato un'offerta privata di 500 milioni di dollari in obbligazioni senior non garantite con scadenza 2030 e un tasso d'interesse del 8,000%. Le obbligazioni, emesse il 20 giugno 2025, pagheranno interessi semestralmente a partire dal 15 gennaio 2026.

Le caratteristiche principali delle Obbligazioni Senior 2030 includono:

  • Data di scadenza: 15 luglio 2030
  • Obbligazioni senior non garantite con pari rango rispetto al debito senior non garantito esistente
  • Obbligo di mantenere Attivit脿 Totali Libere da Vincoli almeno al 120% del Debito Non Garantito in essere
  • Opzioni di rimborso anticipato con premi variabili a partire dal 15 luglio 2027

L'azienda intende utilizzare i proventi per rimborsare le Obbligazioni Senior al 6,250% in scadenza nel 2025, destinando i fondi residui a scopi aziendali generali. Un avviso di rimborso per le obbligazioni 2025 猫 stato emesso il 17 giugno 2025, con rimborso previsto per il 2 luglio 2025.

Rithm Capital Corp ha cerrado una oferta privada de 500 millones de d贸lares en bonos senior no garantizados con vencimiento en 2030, con una tasa de inter茅s del 8,000%. Los bonos, emitidos el 20 de junio de 2025, pagar谩n intereses semestralmente a partir del 15 de enero de 2026.

Las caracter铆sticas clave de los Bonos Senior 2030 incluyen:

  • Fecha de vencimiento: 15 de julio de 2030
  • Obligaciones senior no garantizadas con igual rango que la deuda senior no garantizada existente
  • Requisito de mantener Activos Totales No Gravados de al menos el 120% de la Deuda No Garantizada en circulaci贸n
  • Opciones de redenci贸n anticipada con primas variables a partir del 15 de julio de 2027

La compa帽铆a planea usar los ingresos para redimir sus Bonos Senior al 6.250% con vencimiento en 2025, destinando los fondos restantes a prop贸sitos corporativos generales. Se emiti贸 un aviso de redenci贸n para los Bonos 2025 el 17 de junio de 2025, con redenci贸n programada para el 2 de julio de 2025.

Rithm Capital Corp電� 2030雲� 毵岅赴 靹犾垳鞙� 氍措嫶氤� 毂勱秾 5鞏� 雼煬鞚� 靷 氚滍枆鞚� 鞕勲頄堨溂氅�, 鞚挫瀽鞙潃 8.000%鞛呺媹雼�. 2025雲� 6鞗� 20鞚检棎 氚滍枆霅� 鞚� 毂勱秾鞚� 2026雲� 1鞗� 15鞚茧秬韯� 氚橁赴氤勲 鞚挫瀽毳� 歆�旮夗暕雼堧嫟.

2030雲� 靹犾垳鞙� 毂勱秾鞚� 欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:

  • 毵岅赴鞚�: 2030雲� 7鞗� 15鞚�
  • 旮办〈 靹犾垳鞙� 氍措嫶氤� 攵�毂勳檧 霃欖澕頃� 靾滌渼鞚� 靹犾垳鞙� 氍措嫶氤� 毂勲
  • 氙鸽嫶氤� 攵�毂� 鞛旍暋鞚� 斓滌唽 120%鞐� 頃措嫻頃橂姅 齑� 氍措嫶氤� 鞛愳偘 鞙犾 鞚橂
  • 2027雲� 7鞗� 15鞚茧秬韯� 雼れ枒頃� 頂勲Μ氙胳梽鞚� 鞝侅毄霅橂姅 臁瓣赴 靸來櫂 鞓奠厴

須岇偓電� 臁半嫭 鞛愱笀鞚� 2025雲� 毵岅赴 6.250% 靹犾垳鞙� 毂勱秾 靸來櫂鞐� 靷毄頃橁碃, 雮潃 鞛愱笀鞚� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄頃� 瓿勴殟鞛呺媹雼�. 2025雲� 毂勱秾鞐� 雽�頃� 靸來櫂 韱奠電� 2025雲� 6鞗� 17鞚检棎 氚滍枆霅橃棃鞙茧┌, 靸來櫂 鞓堨爼鞚检潃 2025雲� 7鞗� 2鞚检瀰雼堧嫟.

Rithm Capital Corp a cl么tur茅 une offre priv茅e de 500 millions de dollars en obligations senior non garanties arrivant 脿 茅ch茅ance en 2030, avec un taux d'int茅r锚t de 8,000%. Les obligations, 茅mises le 20 juin 2025, verseront des int茅r锚ts semestriels 脿 partir du 15 janvier 2026.

Les caract茅ristiques cl茅s des Obligations Senior 2030 comprennent :

  • Date d'茅ch茅ance : 15 juillet 2030
  • Obligations senior non garanties de rang 茅gal 脿 la dette senior non garantie existante
  • Obligation de maintenir des Actifs Totaux Non Grev茅s d'au moins 120 % de l'Endettement Non Garanti en cours
  • Options de remboursement anticip茅 avec primes variables 脿 partir du 15 juillet 2027

La soci茅t茅 pr茅voit d'utiliser les fonds pour rembourser ses Obligations Senior 脿 6,250 % arrivant 脿 茅ch茅ance en 2025, les fonds restants 茅tant destin茅s 脿 des fins g茅n茅rales d'entreprise. Un avis de remboursement pour les obligations 2025 a 茅t茅 茅mis le 17 juin 2025, avec un remboursement pr茅vu pour le 2 juillet 2025.

Rithm Capital Corp hat eine Privatplatzierung von 500 Millionen US-Dollar in unbesicherten vorrangigen Schuldverschreibungen mit F盲lligkeit 2030 und einem Zinssatz von 8,000% abgeschlossen. Die am 20. Juni 2025 ausgegebenen Schuldverschreibungen zahlen ab dem 15. Januar 2026 halbj盲hrliche Zinsen.

Wesentliche Merkmale der Senior Notes 2030 sind:

  • F盲lligkeitsdatum: 15. Juli 2030
  • Unbesicherte vorrangige Verbindlichkeiten mit gleichem Rang wie bestehende unbesicherte vorrangige Schulden
  • Verpflichtung, unbeschwerte Gesamtverm枚genswerte von mindestens 120% der ausstehenden unbesicherten Verbindlichkeiten zu halten
  • Optionen zur vorzeitigen R眉ckzahlung mit unterschiedlichen Pr盲mien ab dem 15. Juli 2027

Das Unternehmen plant, die Erl枚se zur R眉ckzahlung seiner ausstehenden 6,250% Senior Notes mit F盲lligkeit 2025 zu verwenden, wobei verbleibende Mittel f眉r allgemeine Unternehmenszwecke vorgesehen sind. Eine R眉ckzahlungsank眉ndigung f眉r die 2025 Notes wurde am 17. Juni 2025 ver枚ffentlicht, die R眉ckzahlung ist f眉r den 2. Juli 2025 geplant.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 17, 2025

Rithm Capital Corp.
(Exact name of registrant as specified in its charter)

 
Delaware
  
 
(State or other jurisdiction of incorporation)
  
001-35777
  
45-3449660
(Commission File Number)
  
(IRS Employer Identification No.)
     
799 Broadway New York New York
  
10003
(Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code (212) 850-7770

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:
Trading
Symbols:
Name of each exchange on which
registered:
Common Stock, $0.01 par value per share
RITM
New York Stock Exchange
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
RITM PR A
New York Stock Exchange
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
RITM PR B
New York Stock Exchange
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
RITM PR C
New York Stock Exchange
7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock
RITM PR D
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Item 1.01. Entry into a Material Definitive Agreement.

On June 20, 2025, Rithm Capital Corp. (the “Company”) closed its previously announced private offering of $500 million aggregate principal amount of 8.000% senior unsecured notes due 2030 (the “2030 Senior Notes”). The 2030 Senior Notes were issued pursuant to an indenture, dated as of June 20, 2025 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee. The Company is filing the Indenture and the form of the 2030 Senior Notes as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K.

The 2030 Senior Notes are senior unsecured obligations of the Company and rank equal in right of payment with all existing and future senior unsecured indebtedness of the Company and senior in right of payment to all of the existing and future subordinated indebtedness of the Company. The 2030 Senior Notes are effectively subordinated to all existing and future secured obligations of the Company to the extent of the value of the assets securing such obligations, and are structurally subordinated to the liabilities and preferred stock of each subsidiary of the Company that does not guarantee the 2030 Senior Notes. The 2030 Senior Notes are not guaranteed initially by any of the Company’s subsidiaries or any third party.

The 2030 Senior Notes will bear interest at a rate of 8.000% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2026, to persons who are registered holders of the 2030 Senior Notes on the immediately preceding January 1 and July 1, respectively.

Among other things, the Indenture limits the ability of the Company and its restricted subsidiaries to incur certain indebtedness (subject to various exceptions of Permitted Indebtedness (as defined in the Indenture)), requires that the Company maintain Total Unencumbered Assets (as defined in the Indenture) of not less than 120% of the aggregate principal amount of the outstanding Unsecured Indebtedness (as defined in the Indenture) of the Company and its subsidiaries and imposes certain requirements in order for the Company to merge or consolidate with or transfer all or substantially all of its assets to another person, in each case subject to certain qualifications set forth in the Indenture.

In the event of a Change of Control or Mortgage Business Triggering Event (each as defined in the Indenture), each holder of the 2030 Senior Notes will have the right to require the Company to repurchase all or any part of that holder’s 2030 Senior Notes at a purchase price of 101% of the principal amount of the 2030 Senior Notes repurchased, plus accrued and unpaid interest, if any, to, but not including, the date of such repurchase.

The 2030 Senior Notes will mature on July 15, 2030. Prior to July 15, 2027, the Company may redeem some or all of the 2030 Senior Notes at a redemption price equal to 100% of the principal amount of the 2030 Senior Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date, plus a “make-whole” premium. On or after July 15, 2027, the Company may redeem some or all of the 2030 Senior Notes at any time at declining redemption prices (in each case expressed as a percentage of the principal amount on the redemption date) equal to (i) 104.000% beginning on July 15, 2027, (ii) 102.000% beginning on July 15, 2028 and (iii) 100.000% beginning on July 15, 2029 and thereafter, plus, in each case, accrued and unpaid interest, if any, to, but not including, the applicable redemption date. In addition, at any time on or prior to July 15, 2027, the Company may redeem up to 40% of the aggregate principal amount of the 2030 Senior Notes using net proceeds from certain equity offerings at a redemption price equal to 108.000% of the principal amount of the 2030 Senior Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date.

The foregoing descriptions of the Indenture and the 2030 Senior Notes do not purport to be complete and are subject to, and qualified in their entirety by reference to, the full texts of the Indenture and the form of the 2030 Senior Notes, copies of which are attached hereto as Exhibits 4.1 and 4.2, respectively, and incorporated herein by reference.
 
The 2030 Senior Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Company intends to use a portion of the net proceeds from this offering to redeem its outstanding 2025 Notes (defined below), with the remainder of the net proceeds to be used for general corporate purposes, which may include the repayment of other indebtedness.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 is incorporated by reference into this Item 2.03.

Item 8.01. Other Events.

On June 17, 2025, the Company issued a notice of redemption for its outstanding 6.250% Senior Unsecured Notes due 2025 (the “2025 Notes”) at a redemption price equal to 100.000% of the principal amount of the 2025 Notes redeemed, plus accrued and unpaid interest to, but not including, the date of redemption, on July 2, 2025.

This report does not constitute an offer to sell, or a solicitation of an offer to buy, any security and it does not constitute a notice of redemption with respect to any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are being filed herewith:

No.
  
Description
     
4.1
  
Indenture, dated June 20, 2025, between Rithm Capital Corp. and U.S. Bank Trust Company, National Association, as trustee.
     
4.2
  
Form of Rithm Capital Corp.’s 8.000% senior unsecured notes due 2030 (included in Exhibit 4.1 hereto).
     
104
  
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 20, 2025

 
Rithm Capital Corp.
   
 
/s/ Nicola Santoro, Jr.
 
Nicola Santoro, Jr.
 
Chief Financial Officer and Chief Accounting Officer


Source:

FAQ

What is the size and interest rate of RITM's new senior notes offering in June 2025?

RITM issued $500 million aggregate principal amount of 8.000% senior unsecured notes due 2030. The notes will pay interest semi-annually on January 15 and July 15, beginning January 15, 2026.

When can RITM redeem the 2030 Senior Notes and at what price?

Prior to July 15, 2027, RITM can redeem the notes at 100% plus a make-whole premium. After July 15, 2027, they can redeem at declining prices: 104.000% (July 2027), 102.000% (July 2028), and 100.000% (July 2029). They can also redeem up to 40% before July 15, 2027 at 108.000% using proceeds from equity offerings.

How will RITM use the proceeds from the 2030 Senior Notes?

RITM plans to use a portion of the net proceeds to redeem its outstanding 6.250% Senior Notes due 2025, with the remainder to be used for general corporate purposes, which may include repayment of other indebtedness.

What are the key covenants for RITM's 2030 Senior Notes?

The notes require RITM to maintain Total Unencumbered Assets of not less than 120% of outstanding Unsecured Indebtedness. The notes rank equal with existing senior unsecured debt and are effectively subordinated to secured obligations. In case of a Change of Control, holders can require RITM to repurchase notes at 101% of principal plus accrued interest.

When is RITM redeeming its 2025 Notes?

RITM issued a notice on June 17, 2025, to redeem its 6.250% Senior Unsecured Notes due 2025 at a redemption price of 100.000% of the principal amount plus accrued interest, with the redemption date set for July 2, 2025.
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Rithm Capital

NYSE:RITM

RITM Rankings

#1638 Ranked by Market Cap
#307 Ranked by Dividends

RITM Latest News

Jul 22, 2025
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Jul 15, 2025
Rithm Property Trust Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call

RITM Latest SEC Filings

Jun 20, 2025
[Form 4] Rithm Capital Corp. Insider Trading Activity

RITM Stock Data

6.22B
527.69M
0.4%
50.71%
0.75%
REIT - Mortgage
AG真人官方 Estate Investment Trusts
United States
New York