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Rithm Capital Prices $500 Million Offering of Notes

BY MT Newswires | CORPORATE | 06/17/25 04:31 PM EDT

04:31 PM EDT, 06/17/2025 (MT Newswires) -- Rithm Capital (RITM) said Tuesday it priced a $500 million offering of 8% senior unsecured notes due 2030.

The company plans to use part of the net proceeds to redeem its outstanding 6.250% senior unsecured notes due 2025, with the remainder to be used for general corporate purposes, which may include repaying other debt.

The offering is expected to close on Friday, according to the company.

Shares of Rithm Capital (RITM) were up 1.7% in after-hours activity.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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