RITM-PA · Rithm Capital Corp.

Rithm Capital Corp. announced the pricing of a $500 million private offering of 8.500% senior unsecured notes due 2031. The high coupon rate reflects the company's credit profile and current market conditions. The notes are being sold to qualified institutional buyers and non-U.S. persons in offshore transactions, without registration under the Securities Act. Proceeds will be used for general corporate purposes, potentially including debt repayment. The offering is expected to close on May 14, 2026. The absence of registration rights limits secondary market liquidity. This debt issuance increases Rithm's leverage and interest expense, but provides capital for strategic initiatives.