Rithm Capital Corp. Plans $500 Million Offering of Senior Unsecured Notes

In a significant move within the financial markets, Rithm Capital Corp. (NYSE: RITM) announced on May 11, 2026, its intention to offer $500 million in aggregate principal amount of senior unsecured notes due 2031. This offering is part of the company's broader strategy to enhance its financial flexibility and manage its capital structure effectively.

The proposed senior unsecured notes will not be registered under the U.S. Securities Act of 1933, nor will they be offered or sold in violation of state securities laws or other jurisdictions' regulations. Consequently, the offering will be limited to qualified institutional buyers under Rule 144A of the Securities Act, and outside the United States, it will rely on Regulation S.

The net proceeds from the offering are earmarked for general corporate purposes, which may include the repayment of existing indebtedness. This move is expected to bolster Rithm's financial positioning and provide it with the necessary liquidity to navigate the evolving economic landscape.

Rithm Capital has emphasized its commitment to maintaining a strong balance sheet as it seeks to optimize its capital structure. By issuing these senior unsecured notes, the company aims to improve its debt profile, potentially lowering interest costs and enhancing cash flow management. This strategic approach aligns with Rithm's objective to drive long-term value for its shareholders.

Rithm Capital Corp. is recognized as a global alternative asset manager with extensive experience in managing credit and real estate assets. The company operates through an integrated platform that encompasses asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit. Key platforms under Rithm's umbrella include Elecor Properties, Newrez, Genesis Capital, Sculptor Capital Management, and Crestline Investors. This owner-operator model is designed to create robust value for both shareholders and investors.

In the press release, Rithm Capital also included forward-looking statements regarding the offering and its intended use of proceeds. Such statements are inherently uncertain and involve various risks and assumptions that could lead to actual results differing materially from those projected. Rithm has noted that it does not assume any obligation to update these statements and encourages stakeholders to consider the factors outlined in its most recent Annual Report and Quarterly Reports as potential influences on future performance.

Rithm Capital Corp.'s proposed offering of senior unsecured notes marks a proactive step in its ongoing efforts to strengthen its financial position. By raising $500 million, the company aims to enhance its capacity to manage debt and support its growth initiatives. As it navigates the complexities of today’s financial environment, Rithm remains focused on delivering value to its investors and maintaining a resilient operational framework.