Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 163

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 163
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22,333,266 5.69 %

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

Average Daily Amount Outstanding(A)Three Months EndedMarch 31, 2025December 31, 2024September 30, 2024June 30, 2024Secured Financing Agreements:Government and government-backed securities$10,100,950 $11,101,046 $11,532,297 $11,014,369 Non-Agency securities737,322 648,839 634,620 639,828 Residential mortgage loans and REO2,707,909 3,245,735 3,047,851 2,796,443 Residential transition loans355,899 116,553 155,477 198,942 

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

105

Unsecured Notes

On March 19, 2024, the Company issued $775.0 million aggregate principal amount of its senior unsecured notes due April 1, 2029 (the “2029 Senior Notes”), with interest payable semi-annually in arrears on each of April 1st and October 1st, commencing on October 1, 2024. Net proceeds from the issuance of the 2029 Senior Notes were approximately $759.0 million, net of discount and commissions and estimated offering expenses payable by the Company. The 2029 Senior Notes mature on April 1, 2029 and are redeemable at any time and from time to time on or after April 1, 2026, at prices ranging from 104% to 100% of the principal amount. On September 16, 2020, the Company issued $550.0 million aggregate principal amount of its senior unsecured notes due on October 15, 2025 (the “2025 Senior Notes”), with interest payable semi-annually in arrears on each of April 15th and October 15th, commencing on April 15, 2021. Net proceeds from the issuance were $544.5 million, net of discount and commissions and estimated offering expenses payable by the Company. The 2025 Senior Notes mature on October 15, 2025 and became redeemable at any time and from time to time on October 15, 2022. Starting in October 2024, the Company may redeem the