Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 239

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 239
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 Obligations / CollateralBorrowing CapacityBalance OutstandingAvailable Financing(A)Secured Financing Agreements:Residential mortgage loans, residential transition loans, SFR and commercial notes receivable$7,107,051 $2,149,735 $4,957,316 Loan originations5,877,000 2,692,466 3,184,534 CLOs424,435 196,721 227,714 Excess MSRs350,000 223,241 126,759 Secured Notes and Bonds Payable:MSRs7,286,652 5,789,600 1,497,052 Servicer advances4,240,000 2,703,197 1,536,803 SFR200,000 169,279 30,721 Liabilities of Consolidated CFEs:Consolidated funds52,500 — 52,500 $25,537,638 $13,924,239 $11,613,399 (A)Although available financing is uncommitted, Rithm Capital’s unused borrowing capacity is available if it has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. Certain of the debt obligations are subject to customary loan covenants and event of default provisions, including event of default provisions triggered by certain specified declines in Rithm Capital’s equity or a failure to maintain a specified tangible net worth, liquidity or indebtedness to tangible net worth ratio. Rithm Capital was in compliance with all of its debt covenants as of March 31, 2025. 2029 Senior Unsecured Notes On March 19, 2024, the Company issued in a private offering $775.0 million aggregate principal amount of senior unsecured notes due on April 1, 2029 (the “2029 Senior Notes”) at an issue price of 98.981%. Interest on the 2029 Senior Notes accrues at the rate of 8.000% per annum with interest payable semi-annually in arrears on each April 1 and October 1, commencing on October 1, 2024.

40

RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

The notes become redeem