05:33 PM EST, 03/05/2024 (MT Newswires) -- Rithm Capital ( RITM ) said Tuesday it priced a $775 million aggregate principal amount offering of 8% senior unsecured notes due 2029.

Proceeds from the offering will be used to reduce indebtedness including up to $275 million aggregate principal amount of its 6.25% senior unsecured notes due 2025, the company said.

The rest will be used for general corporate purposes, the company said.

Rithm Capital ( RITM ) expects to close the offering on March 19.

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