# EDGAR Filing Document

**Accession Number:** 0001556593
**File Stem:** 0001140361-25-033910
**Filing Date:** 2025-9
**Character Count:** 14639
**Document Hash:** 3a0d1ec944d095821fc123ada7bae4cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-033910.hdr.sgml**: 20250904

**ACCESSION NUMBER**: 0001140361-25-033910

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250904

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250904

**DATE AS OF CHANGE**: 20250904

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rithm Capital Corp.
- **CENTRAL INDEX KEY:** 0001556593
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 453449660
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35777
- **FILM NUMBER:** 251291868

**BUSINESS ADDRESS:**
- **STREET 1:** 799 BROADWAY
- **CITY:** New York
- **STATE:** NY
- **ZIP:** 10003
- **BUSINESS PHONE:** (212) 850-7770

**MAIL ADDRESS:**
- **STREET 1:** 799 BROADWAY
- **CITY:** New York
- **STATE:** NY
- **ZIP:** 10003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New Residential Investment Corp.
- **DATE OF NAME CHANGE:** 20121227

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New Residential Investment LLC
- **DATE OF NAME CHANGE:** 20121214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spinco Inc.
- **DATE OF NAME CHANGE:** 20120821

?xml version='1.0' encoding='ASCII'?

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): September 4, 2025

## Rithm Capital Corp.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
|  | **Delaware**<br>|  |
|  | **(State or other jurisdiction of incorporation)** |  |
| **001-35777**<br>|  | **45-3449660**<br>|
| **(Commission File Number)** |  | **(IRS Employer Identification No.)** |

---

---

| | |
|:---|:---|
| **799 Broadway**<br>**New York, New York** | **10003**<br>|
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code (212) 850-7770

#### N/A

#### (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading**<br> **Symbol:** | **Name of each exchange on which**<br> **registered:** |
| Common Stock, $0.01 par value per share<br>| RITM<br>| New York Stock Exchange<br>|
| 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock<br>| RITM PR A<br>| New York Stock Exchange<br>|
| 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock<br>| RITM PR B<br>| New York Stock Exchange<br>|
| 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock<br>| RITM PR C<br>| New York Stock Exchange<br>|
| 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock<br>| RITM PR D<br>| New York Stock Exchange<br>|

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** |

---

On September 4, 2025, Rithm Capital Corp. ("Rithm") issued a press release announcing that it entered into a definitive agreement to acquire Crestline Management L.P. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and the information contained therein is incorporated by reference into this Item 7.01.

The information contained in the press release is being furnished, not filed, pursuant to this Item 7.01. Accordingly, such information will not be incorporated by reference into any filing filed by Rithm under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless specifically identified therein as being incorporated by reference therein. The furnishing of the information in this Current Report on Form 8-K with respect to the press release is not intended to, and does not, constitute a determination or admission by Rithm that such information is material or complete, or that investors should consider this information before making an investment decision with respect to any security of Rithm.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [99.1](ef20055118_ex99-1.htm) | Press Release, dated as of September 4, 2025. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**\*** Schedules (or similar attachments) have been omitted from this filing pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule will be furnished to the SEC upon request.

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| |
|:---|
| RITHM CAPITAL CORP. |
| (Registrant) |
| By:<u>/s/ Nicola Santoro, Jr.</u> |
| Name: Nicola Santoro, Jr. |
| Title: Chief Financial Officer and Chief Accounting Officer |
| Dated: September 4, 2025 |

---

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## Exhibit 99.1

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#### Exhibit 99.1<br>

#### Rithm Capital to Acquire Crestline

*Strategic Acquisition of $17 Billion Private Credit and Alternative Investment Solutions Manager Significantly Strengthens Rithm's Asset Management Platform*

*Adds Insurance and Reinsurance Capabilities to Rithm's Expanding Platform*

**NEW YORK – September 04, 2025 –** Rithm Capital Corp. ("Rithm"), a global alternative asset manager, today announced that it has entered into a definitive agreement to acquire Crestline Management, L.P. ("Crestline"), an alternative investment manager with approximately $17 billion in assets under management.

This acquisition underscores Rithm's long term strategy to build a global, diversified asset management platform focused on delivering alpha for investors and value for shareholders. It meaningfully expands Rithm's capabilities across direct lending, fund liquidity solutions, insurance and reinsurance – adding to its existing strengths in asset-based finance, real estate, structured and corporate credit, and energy and infrastructure.

Founded in 1997, Crestline is a fully integrated platform offering private credit and alternative investment strategies across direct lending, opportunistic credit, and fund liquidity solutions. It also manages investment strategies on behalf of its wholly owned insurance company and affiliated reinsurer. Crestline strategies are delivered through commingled funds, managed accounts and a BDC. Since 2018, the firm has tripled its AUM.

Upon closing of the transaction, Crestline's investment team, committees, and strategies will remain unchanged, and the firm will maintain its existing offices in Fort Worth, New York, Toronto, Tokyo and London.

"This transaction demonstrates the power of our differentiated asset management platform and our commitment to diversifying our investment strategies," said Michael Nierenberg, Chief Executive Officer of Rithm. "Crestline adds meaningful new credit and alternative investment capabilities, establishes our entrance into insurance and reinsurance, and creates additional value-creating opportunities for our investors and shareholders. We are excited to leverage our expanded product suite and like-minded cultures focused on entrepreneurship, innovation, and investment excellence as we seek to capitalize on the substantial opportunities ahead."

"We are excited to be joining Rithm, an industry-leading alternative asset manager with deep expertise in asset-based strategies and a shared focus on building innovative solutions that deliver alpha to investors," said Doug Bratton, Founding Partner and Chief Executive Officer of Crestline. "As we considered a variety of strategic opportunities, it was important for us to find a partner with the platform, resources, and entrepreneurial spirit to accelerate our next phase of growth. We believe this transaction achieves all of those objectives and positions our platform for long-term growth."

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Managing Partner and Chief Investment Officer of Crestline, Keith Williams also adds: "By joining forces with Rithm, we're strengthening our ability to deliver differentiated alpha and deepening our commitment to serving clients with agility and excellence through market cycles."

The transaction is expected to close in the fourth quarter 2025, subject to customary regulatory approvals and closing conditions.

#### Advisors
J.P. Morgan Securities LLC acted as the exclusive financial advisor to Rithm and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Rithm. Piper Sandler & Co. acted as the exclusive financial advisor and Jackson Walker LLP acted as lead legal counsel to Crestline with specialist counsel at Akin, Vinson & Elkins, and Paul Hastings LLP.

#### About Rithm Capital
Rithm Capital Corp. is a global alternative asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans across asset-based finance, lending across residential and commercial real estate, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and investors.

#### About Crestline Investors
Crestline Investors, Inc., is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $17 billion in assets under management, and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.

#### Contacts
Rithm Capital

Media:

Jonathan Gasthalter/Sam Cohen

Gasthalter & Co.

212-257-4170

<u>rithm@gasthalter.com</u>

Investors:

Investor Relations

(212) 850-7770

<u>ir@rithmcap.com</u>

 

<br> Crestline:

Media Contact

Ben Howard

<u>Bhoward@prosek.com</u><u> </u>

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**Cautionary Note Regarding Forward-Looking Statements** 

Certain information in this press release may constitute "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts. They represent management's current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond Rithm Capital's control, which could cause actual results to differ materially from those described in the forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. These risks and factors include, but are not limited to, the risks relating to the transaction, including in respect of the satisfaction of closing conditions and the timing thereof; unanticipated difficulties financing the transaction; unexpected challenges related to the integration of Crestline's businesses and operations; changes in general economic and/or industry specific conditions; difficulties in obtaining governmental and other third party consents in connection with the transaction; unanticipated expenditures relating to or liabilities arising from the transaction or the acquired businesses; uncertainties as to the timing of the transaction; litigation or regulatory issues relating to the transaction or the acquired business; the impact of the transaction on relationships with, and potential difficulties retaining, employees, customers and other third parties; and the inability to obtain, or delays in obtaining, expected benefits from the transaction.

For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled "Cautionary Statements Regarding Forward Looking Statements," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Rithm Capital's most recent annual and quarterly reports and other filings filed with the U.S. Securities and Exchange Commission, which are available on Rithm Capital's website (<u>www.rithmcap.com</u>). New risks and uncertainties emerge from time to time, and it is not possible for Rithm Capital to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Forward-looking statements contained herein speak only as of the date of this press release, and Rithm Capital expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Rithm Capital's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

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