Rithm Capital Corp. announced that it has priced its previously announced offering of $775 million aggregate principal amount of 8.000% senior unsecured notes due 2029. The Company intends to use a portion of the net proceeds from this offering for the reduction of indebtedness, including in connection with the Company?s tender offer for up to $275 million aggregate principal amount of its 6.250% senior unsecured notes due 2025, with the remainder of the net proceeds to be used for general corporate purposes.

The notes will not have any registration rights. The offering is expected to close on March 19, 2024, subject to customary closing conditions.