Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 47

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 47
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 2025, subject to customary closing conditions, including the approval of Paramount’s common stockholders.  

In connection with the pending acquisitions, we have incurred and expect to incur substantial various cash outflows across operating, investing and financing activities. As of September 30, 2025, we have incurred approximately $8.7 million in transaction-related costs, including legal, accounting, and advisory fees, which are included in operating activities in the consolidated statement of cash flows, and we expect to incur substantial additional costs in connection with completing the pending acquisitions. See “Part II., Item 1A. Risk Factors — We will incur substantial transaction fees and costs in connection with the Paramount Acquisition and the Crestline Acquisition. Upon closing, we expect to fund the acquisitions through a combination of cash consideration and financing activities. Any cash consideration to be paid upon closing will be reflected as an investing activity in the period in which the acquisitions are consummated. We also anticipate funding a portion of the purchase price through MSR financing draws and the use of excess cash available on the Paramount balance sheet. These financing activities are expected to provide sufficient liquidity to complete the acquisitions without materially impacting ongoing operations or near-term capital requirements.

Short-Term Borrowings

The following tables provide additional information regarding our short-term borrowings (dollars in thousands):

Nine Months Ended September 30, 2025OutstandingBalance at September 30, 2025Average Daily Amount Outstanding(A)Maximum Amount OutstandingWeighted Average Daily Interest RateSecured Financing Agreements:Government and government-backed securities$7,794,765 $9,038,984 $10,772,322 4.88 %Non-Agency securities896,129 819,889 903,048 6.32 %Residential mortgage loans4,780,343 3,168,617 4,854,102 5.88 %Residential transition loans536,679 424,915 599,887 6.64 %Secured Notes and Bonds Payable:MSRs2,212,753 3,313,018 3,740,139 6.97 %Servicer advances2,035,609 1,922,201 2,482,266 6.25 %Total / Weighted Average$18,256,278 $18,687,624 $23,351,764 5.79 %

(A)Represents the average for the period the debt was outstanding.