Rithm Capital Corp. Files 8-K Report
Ticker: RITM-PD · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1556593
| Field | Detail |
|---|---|
| Company | Rithm Capital Corp. (RITM-PD) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $775 million, $275 million, $550 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-statements, company-update
TL;DR
Rithm Capital filed an 8-K on March 4, 2024, covering financial statements and other events.
AI Summary
On March 4, 2024, Rithm Capital Corp. filed an 8-K report. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits," indicating updates or disclosures related to the company's financial status and business operations. Rithm Capital Corp., formerly known as New Residential Investment Corp., is a real estate investment trust incorporated in Delaware.
Why It Matters
This 8-K filing provides important updates on Rithm Capital Corp.'s financial and operational status, which could influence investor decisions.
Risk Assessment
Risk Level: low — This filing is a routine 8-K report detailing financial statements and other events, without immediate significant new financial or operational disclosures that would inherently increase risk.
Key Players & Entities
- Rithm Capital Corp. (company) — Registrant
- New Residential Investment Corp. (company) — Former company name
- March 4, 2024 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing for Rithm Capital Corp.?
The filing is primarily for "Other Events" and "Financial Statements and Exhibits," indicating updates or disclosures related to the company's financial status and business operations.
When was this 8-K report filed?
The report was filed on March 4, 2024.
What was Rithm Capital Corp.'s former name?
Rithm Capital Corp. was formerly known as New Residential Investment Corp.
In which state is Rithm Capital Corp. incorporated?
Rithm Capital Corp. is incorporated in Delaware.
What is Rithm Capital Corp.'s SIC code?
Rithm Capital Corp.'s Standard Industrial Classification (SIC) code is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 775 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-03-04 08:14:28
Key Financial Figures
- $0.01 — on which registered: Common Stock, $0.01 par value per share RITM NYSE 7.5
- $775 million — ntion to commence a private offering of $775 million aggregate principal amount of senior un
- $275 million — (the "Tender Offer") to purchase up to $275 million aggregate principal amount of its $550
- $550 million — llion aggregate principal amount of its $550 million aggregate principal amount of outstandi
Filing Documents
- ef20023116_8k.htm (8-K) — 35KB
- ef20023116_ex99-1.htm (EX-99.1) — 9KB
- ef20023116_ex99-2.htm (EX-99.2) — 26KB
- image0.jpg (GRAPHIC) — 14KB
- 0001140361-24-010932.txt ( ) — 287KB
- ritm-20240304.xsd (EX-101.SCH) — 4KB
- ritm-20240304_def.xml (EX-101.DEF) — 19KB
- ritm-20240304_lab.xml (EX-101.LAB) — 28KB
- ritm-20240304_pre.xml (EX-101.PRE) — 21KB
- ef20023116_8k_htm.xml (XML) — 9KB
01
Item 8.01 Other Events. On March 4, 2024, Rithm Capital Corp. (the "Company") issued a press release announcing its intention to commence a private offering of $775 million aggregate principal amount of senior unsecured notes due 2029 (the "2029 Senior Notes," and such offering, the "Senior Notes Offering"). A copy of the Company's press release with respect to the Senior Notes Offering is filed as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference. The 2029 Senior Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers, as defined in, and in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act. The 2029 Senior Notes will not be registered under the Securities Act or any other securities laws of any jurisdiction and will not have the benefit of any exchange offer or other registration rights. The 2029 Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. In addition, on March 4, 2024, the Company announced the commencement of a cash tender offer (the "Tender Offer") to purchase up to $275 million aggregate principal amount of its $550 million aggregate principal amount of outstanding 6.250% Senior Unsecured Notes due 2025. A copy of the press release announcing the Tender Offer, and which describes the Tender Offer in greater detail, is hereby incorporated by reference and attached hereto as Exhibit 99.2. This report does not constitute an offer to sell, or a solicitation of an offer to buy, any security and it does not constitute a notice of redemption with respect to any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated March 4, 2024, announcing commencement of the Senior Notes Offering 99.2 Press release dated March 4, 2024, announcing commencement of the Tender Offer 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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) /s/ Nicola Santoro, Jr. Nicola Santoro, Jr. Chief Financial Officer and Chief Accounting Officer Date: March 4, 2024