Rithm Capital Prices $500 Million Senior Notes Offering at 8.5%

Key Facts

Rithm Capital Corp. has priced its offering of senior unsecured notes with an aggregate principal amount of $500 million. According to reports, the notes carry a coupon rate of 8.500% and are scheduled to mature in 2031. The offering is expected to close on May 14.

This financing move comes as real estate investment trusts (REITs) and specialty finance firms navigate a high-interest-rate environment. In comparison to peers, firms such as Annaly Capital Management and Starwood Property Trust have recently accessed debt markets to bolster liquidity, with the 8.5% rate reflecting current market conditions for unsecured paper per market data. The proceeds are earmarked for general corporate purposes, including the potential repayment of existing debt.

Regarding market performance, RITM shares stood at $11.24 (at close May 12, 2026). Investors are closely monitoring housing sector catalysts, including the MBA 30-Year Mortgage Rate which rose to 6.45% as of May 6, 2026, potentially impacting the company's broader mortgage-related operational environment.

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