Company: RITM-PC
Filing Date: 2025-06-20
Form Type: 8-K
Source: 0001140361-25-023164
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Company: Rithm Capital Corp.
Filing Date: 2025-06-20
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On June 20, 2025, Rithm Capital Corp. (the “ Company”) closed its previously announced private offering of $500 million aggregate
principal amount of 8.000% senior unsecured notes due 2030 (the “2030 Senior Notes”). The 2030 Senior Notes were issued pursuant to an indenture, dated as of June 20, 2025 (the “ Indenture”), between the Company and U. S. Bank Trust Company, National
Association, as trustee. The Company is filing the Indenture and the form of the 2030 Senior Notes as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K.

The 2030 Senior Notes are senior unsecured obligations of the Company and rank equal in right of payment with all existing and
future senior unsecured indebtedness of the Company and senior in right of payment to all of the existing and future subordinated indebtedness of the Company. The 2030 Senior Notes are effectively subordinated to all existing and future secured
obligations of the Company to the extent of the value of the assets securing such obligations, and are structurally subordinated to the liabilities and preferred stock of each subsidiary of the Company that does not guarantee the 2030 Senior Notes.
The 2030 Senior Notes are not guaranteed initially by any of the Company’s subsidiaries or any third party.

The 2030 Senior Notes will bear interest at a rate of 8.000% per annum, payable semi-annually in arrears on January 15 and July 15
of each year, commencing on January 15, 2026, to persons who are registered holders of the 2030 Senior Notes on the immediately preceding January 1 and July 1, respectively.

Among other things, the Indenture limits the ability of the Company and its restricted subsidiaries to incur certain indebtedness (subject to various
exceptions of Permitted Indebtedness (as defined in the Indenture)), requires that the Company maintain Total Unencumbered Assets (as defined in the Indenture) of not less than 120% of the aggregate principal amount of the outstanding Unsecured
Indebtedness (as defined in the Indenture) of the Company and its subsidiaries and imposes certain requirements in order for the Company to merge or consolidate with or transfer all or substantially all of its