Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 49

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 49
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(A)Includes secured financing agreements, secured notes and bonds payable, unsecured notes net of issuance costs and notes payable of consolidated CFEs of $1.7 billion, $3.8 billion, $0.3 billion, and $3.3 billion, respectively.(B)Includes secured financing agreements, secured notes and bonds payable, unsecured notes net of issuance costs and notes payable of consolidated CFEs of $16.7 billion, $5.3 billion, $1.1 billion, and $0.0 billion, respectively.Borrowing CapacityThe following table represents borrowing capacity as of March 31, 2025:Debt 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