Rithm Capital Corp. has announced the pricing of its previously announced offering of $500 million in aggregate principal amount of 8.000% senior unsecured notes due 2030. This move is part of the company's strategy to manage its debt, with plans to use a portion of the net proceeds to redeem its outstanding 6.250% senior unsecured notes due 2025. The remainder of the funds will be used for general corporate purposes, which may include the repayment of other indebtedness. The offering is expected to close on June 20, 2025, subject to customary closing conditions. The notes are being offered to qualified institutional buyers under Rule 144A and, outside the United States, in reliance on Regulation S under the U.S. Securities Act of 1933.
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