Rithm Capital Prices $500M Senior Unsecured Notes at 8.500% Interest

summarizeSummary

Rithm Capital Corp. announced the pricing of its $500 million senior unsecured notes offering at an 8.500% interest rate, with closing expected on May 14, 2026.

check_boxKey Events

• Pricing of Senior Unsecured Notes

  Rithm Capital Corp. priced a private offering of $500 million aggregate principal amount of senior unsecured notes.

• Interest Rate Set

  The notes will bear an interest rate of 8.500% and are due in 2031.

• Expected Closing Date

  The offering is expected to close on May 14, 2026, subject to customary closing conditions.

• Use of Proceeds

  Net proceeds from the offering are intended for general corporate purposes, which may include the repayment of certain indebtedness.

auto_awesomeAnalysis

This filing finalizes the terms of the previously announced $500 million private offering of senior unsecured notes. While securing significant capital for general corporate purposes and debt repayment, the 8.500% interest rate represents a substantial cost of capital for the company. This debt issuance will impact the company's balance sheet and future interest expenses.