Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 7

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 7
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 expected cash flows, including projected revenues and expenses, and the applicable discount rates. These estimates were based on assumptions that management believes to be reasonable; however, actual results may differ materially from these estimates. The assessment of fair value is preliminary and is based on information that was available to management at the time the consolidated financial statements were prepared. Those estimates and assumptions are subject to change as management obtains additional information related to those estimates during the applicable measurement period. The most significant open items necessary to complete the assessment of fair value are related to other assets and other liabilities. The final acquisition accounting adjustments, including those resulting from conforming Computershare’s accounting policies to those of Rithm Capital’s, could differ materially. Intangible assets acquired consist of customer relationships. Rithm Capital amortizes finite-lived customer relationships on a straight-line basis over their respective useful lives. The weighted average life of the total acquired identifiable intangible assets is 4.5 years. The following table presents the details of identifiable intangible assets acquired: Estimated Useful LifeAmountCustomer Relationships4.5$16,000 Total Identifiable Intangible Assets$16,000 Measurement Period AdjustmentsThe following table summarizes the provisional amounts recognized related to the Computershare Acquisition as of the acquisition date, as well as the measurement period adjustments made in the fourth quarter of 2024 to arrive at the revised preliminary allocation of the total consideration paid to acquire the assets and assume the liabilities:Preliminary Amounts as of the Acquisition DateSubsequent Adjustments to Fair Value(A)Revised Preliminary Amounts as of the Acquisition DateTotal Consideration$708,026 $7,432 $715,458 Assets:Residential mortgage loans, held-for-sale2,402 — 2,402 Servicer advances receivable275,782 (6,298)269,484 Mortgage servicing rights, at fair value696,462 3,745 700,207 Cash and cash equivalents102,011 (18)101,993 Restricted cash2,237 34 2,271 Other assets84,028 (972)83,056 Total Assets Acquired1,162,922 (3,509)1,159,413 Liabilities:Accrued expenses and other liabilities236,141 (10,197)225,944 Secured notes and bonds payable190,596 — 190,596 Total Liabilities Assumed426,737 (10,197)