Rithm Capital Corp. 8.0% 01-APR-2029Rithm Capital Corp. 8.0% 01-APR-2029Rithm Capital Corp. 8.0% 01-APR-2029

Rithm Capital Corp. 8.0% 01-APR-2029

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RTCC5781735 analysis



Key facts


Issue date
Mar 19, 2024
Maturity date
Apr 1, 2029
Outstanding amount
‪775.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
8.00% (Fixed)
Yield to maturity
7.86%
Rithm Capital Corp. engages in the provision of real estate, credit, and financial services. It operates through the following segments: Origination and Servicing, Investment Portfolio, Residential Transitional Lending, Asset Management, and Corporate. The Origination and Servicing segment includes residential mortgage loans underlying mortgage servicing right assets as well as those sub-service for third parties. The Investment Portfolio segment consists of residential mortgage loans, SFR properties, consumer loans, Non-Agency RMBS, Excess MSRs and servicer advance investments. The Residential Transitional Lending segment competes for both experienced sponsors, including developers and investors in residential real estate, and attractive lending opportunities based on several factors. The Asset Management segment focuses on the wholly owned subsidiaries, Sculptor, and RCM Manager. The company was founded on September 26, 2011 and is headquartered in New York, NY.
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