Rithm Capital Corp. Announces Early Tender Results for Its 6.250% Senior Unsecured Notes Due 2025
Rithm Capital Corp. (NYSE: RITM; “Rithm”) announced today the early tender results of the previously announced cash tender offer (the “Tender Offer”) to purchase up to $275 million aggregate principal amount (the “Tender Cap”) of Rithm’s outstanding 6.250% Senior Unsecured Notes due 2025 (the “2025 Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated March 4, 2024, as amended (the “Offer to Purchase”).
According to D.F. King & Co., Inc., the tender and information agent for the Tender Offer, as of 5:00 p.m., New York City time, on March 15, 2024 (the “Early Tender Deadline”), $483,626,000 aggregate principal amount of the outstanding 2025 Notes were validly tendered and not validly withdrawn. As the aggregate principal amount of the 2025 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline exceeded the Tender Cap, Rithm will accept such 2025 Notes for purchase on a prorated basis as described in the Offer to Purchase.
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The table below sets forth certain information regarding the Tender Offer, including the aggregate principal amount of 2025 Notes validly tendered (and not validly withdrawn) as of the Early Tender Deadline, the aggregate principal amount of 2025 Notes that will remain outstanding on the Early Payment Date (as defined below) and the approximate proration factor.
Title of |
CUSIP |
Aggregate |
Aggregate |
Aggregate |
Aggregate |
Approximate |
||||||||||
6.250% Senior |
64828T AA0 |
$ |
550,000,000 |
$ |
483,626,000 |
$ |
275,000,000 |
$ |