Wed Sep 25 02:00:08 UTC 2024: ## Rithm Capital Corp. Raises $342.9 Million in Public Offering

**NEW YORK, September 24, 2024** – Rithm Capital Corp. (NYSE: RI™) announced today that it has successfully priced its underwritten public offering of 30 million shares of common stock for gross proceeds of approximately $342.9 million. The offering is expected to close on September 26, 2024, subject to customary closing conditions.

The company intends to use the net proceeds from the offering for general corporate purposes. Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, UBS Investment Bank, BTIG and Wells Fargo Securities acted as joint book-running managers for the offering.

Rithm Capital Corp. is a global asset manager focused on real estate, credit and financial services. The company makes direct investments and operates several wholly-owned operating businesses, including Sculptor Capital Management (NYSE:SCU), Inc., Newrez LLC and Genesis Capital LLC. Rithm seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments.

“We are pleased with the strong demand for this offering,” said [Insert name of relevant executive, e.g., CEO], [Insert title, e.g., CEO of Rithm Capital Corp.]. “This capital will provide us with additional flexibility to pursue our growth initiatives and enhance our ability to deliver value to our shareholders.”

**About Rithm Capital Corp.**

Rithm Capital Corp. is a global asset manager focused on real estate, credit and financial services. The company makes direct investments and operates several wholly-owned operating businesses. Rithm’s businesses include Sculptor Capital Management (NYSE:SCU), Inc., an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, leading mortgage origination and servicing platforms. Rithm seeks to generate attractive risk-adjusted returns across market cycles and interest rate environments. Since inception in 2013, Rithm has delivered approximately $5.4 billion in dividends to shareholders. Rithm is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes and is headquartered in New York City.

**Forward-Looking Statements**

This press release contains forward-looking statements. Actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause such differences include, but are not limited to, those discussed in Rithm’s filings with the Securities and Exchange Commission.

Read More