Company: RITM-PC
Filing Date: 2025-12-19
Form Type: 8-K
Source: 0001140361-25-046188
Chunk: 0

Company: Rithm Capital Corp.
Filing Date: 2025-12-19
Form: 8-K
Item: Item 2.01
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Item 2.01.      Completion of Acquisition or Disposition of Assets.  

On December 19, 2025, Rithm Capital Corp., a Delaware corporation (“ Rithm”), completed the transactions
contemplated by the Agreement and Plan of Merger, dated as of September 17, 2025 (as amended on October 8, 2025, the “ Merger Agreement”), by and among Rithm, Paramount Group, Inc., a Maryland corporation (“ Paramount”), Paramount Group Operating Partnership LP, a Delaware limited partnership and a subsidiary of Paramount (the “ Operating Partnership”), Panorama REIT Merger Sub,
Inc., a Maryland corporation and a wholly owned subsidiary of Rithm (“ REIT Merger Sub”), and Panorama Operating Merger Sub LP, a Delaware limited partnership and a wholly owned subsidiary of Rithm (“ Operating Merger Sub” and, collectively with Rithm and REIT Merger Sub, the “Rithm Parties”). Pursuant to the Merger Agreement, at the
closing, (i) Operating Merger Sub merged with and into the Operating Partnership with the Operating Partnership surviving the merger (the “ Surviving Partnership” and such merger, the “Partnership Merger”) and (ii) immediately following the consummation of the Partnership
Merger, Paramount merged with and into REIT Merger Sub with REIT Merger Sub surviving the merger (the “ Surviving Entity” and such merger, the “ Company Merger” and, together with the Partnership Merger, the “Mergers”). As a result of the Mergers, the Operating Partnership became an entity indirectly controlled by Rithm, REIT Merger Sub survived as an entity indirectly controlled by Rithm, and the separate corporate existence of
Paramount ceased.

As a result of the Partnership Merger, in accordance with the terms and conditions of the Merger Agreement, at the effective time of the Partnership
Merger (the “ Partnership Merger Effective Time”), each Common Unit of the Operating Partnership (each, a “ Operating Partnership Common Unit”) that was issued and
outstanding immediately prior to the Partnership Merger Effective Time was automatically cancelled and converted into the right to receive an amount in cash equal to the product of (i) the Conversion Factor (as defined in the Second Amended and
Restated Limited Partnership Agreement of the Operating Partnership, dated as of October 26, 2020, by and between Paramount and the limited partners party thereto