Rithm Capital Corp. Announces Early Tender Results for Its 6.250% Senior Unsecured Notes Due 2025
According to
The table below sets forth certain information regarding the Tender Offer, including the aggregate principal amount of 2025 Notes validly tendered (and not validly withdrawn) as of the Early Tender Deadline, the aggregate principal amount of 2025 Notes that will remain outstanding on the Early Payment Date (as defined below) and the approximate proration factor.
Title of
|
CUSIP
|
Aggregate
|
Aggregate
|
Aggregate
|
Aggregate
|
Approximate
|
||||||||||
6.250% Senior
|
64828T AA0
|
$ |
550,000,000 |
$ |
483,626,000 |
$ |
275,000,000 |
$ |
275,000,000 |
56.9% |
||||||
______________________________ | ||||||||||||||||
(1) CUSIPs are provided for the convenience of holders. No representation is made as to the correctness or accuracy of such numbers. |
The withdrawal deadline for the Tender Offer was
The settlement date for 2025 Notes validly tendered as of the Early Tender Deadline and accepted for purchase is expected to occur on
Rithm will accept for purchase the 2025 Notes validly tendered and not validly withdrawn as of the Early Tender Deadline on a prorated basis, in accordance with the Offer to Purchase. 2025 Notes not accepted for purchase as a result of proration will be rejected from the Tender Offer and will be returned to tendering holders in accordance with the Offer to Purchase.
The Tender Offer is scheduled to expire at
The Tender Offer is subject to the satisfaction or waiver of certain conditions as described in the Offer to Purchase. The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase and remain unchanged.
This press release is for informational purposes only and shall not constitute an offer to buy or sell, or the solicitation of any offer to buy or sell, any securities. Any offer or solicitation with respect to the Tender Offer will be made only by means of the Offer to Purchase, and the information in this press release is qualified by reference to the Offer to Purchase. The Tender Offer is not being made to holders of 2025 Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In addition, nothing contained herein constitutes a notice of redemption of the 2025 Notes. No recommendation is being made by Rithm and holders of the 2025 Notes must make their own decision as to whether to tender any of their 2025 Notes, and, if so, the principal amount of 2025 Notes to tender.
ABOUT
FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the settlement and expiration of the Tender Offer. Forward-looking statements are not historical in nature and can be identified by words such as “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “continue,” “intend,” “should,” “would, “could,” “goal,” “objective,” “will,” “may,” “seek,” or similar expressions or their negative forms. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and are beyond our control. Forward-looking statements speak only as of the date they are made. Rithm does not assume any duty or obligation (and does not undertake) to update or supplement any forward-looking statements. Because forward-looking statements are, by their nature, to different degrees, uncertain and subject to numerous assumptions, risks and uncertainties, actual results or future events, circumstances or developments could differ, possibly materially, from those that Rithm anticipated in its forward-looking statements, and future results and performance could differ materially from historical performance. Factors that could cause or contribute to such differences include, but are not limited to, those set forth in the section entitled “Risk Factors” in Rithm’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240318809221/en/
Investor Relations
(212)-850-7770
ir@rithmcap.com
M
edia
(212)-355-4449
ritm-jf@joelefrank.com
Source: