Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 295

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 295
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billion, and $0.0 billion, respectively.Borrowing CapacityThe following table represents borrowing capacity as of September 30, 2025:Debt Obligations / CollateralBorrowing CapacityBalance OutstandingAvailable Financing(A)Secured Financing Agreements:Residential mortgage loans, RTLs and SFR$6,818,073 $3,339,393 $3,478,680 Loan originations6,077,000 4,036,982 2,040,018 CLOs479,509 256,438 223,071 Excess MSRs350,000 217,000 133,000 Secured Notes and Bonds Payable:MSRs6,915,743 5,550,691 1,365,052 Servicer advances4,140,000 2,446,114 1,693,886 SFR200,000 169,279 30,721 Liabilities of Consolidated CFEs:Consolidated funds52,500 — 52,500 $25,032,825 $16,015,897 $9,016,928 (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 September 30, 2025. 2030 Senior Unsecured Notes On June 20, 2025, the Company issued $500.0 million aggregate principal amount of senior unsecured notes due on July 15, 2030 (the “2030 Senior Notes”) in a private offering for proceeds of approximately $495.0 million, net of commissions and estimated offering expenses payable by the Company. Interest on the 2030 Senior Notes accrues at the rate of 8.000% per annum with interest payable semi-annually in arrears on each of January 15th and July 15th, commencing on January 15, 2026.

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RITH