Rithm Capital Corp. has announced its plan to offer $500 million in senior unsecured notes due in 2030. The company intends to use part of the net proceeds from this offering to redeem the outstanding 6.250% senior unsecured notes due in 2025. The remaining proceeds are designated for general corporate purposes, which may include the repayment of other debts. The notes will not be registered under the U.S. Securities Act of 1933 and are being offered only to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S.
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