Cahill Represents the Initial Purchasers in a $775 Million Notes Offering and the Dealer Manager in a Concurrent Tender Offer for Rithm Capital Corp.
Date: 03/19/24
Cahill represented the initial purchasers in connection with a Rule 144A/Reg S offering of $775,000,000 aggregate principal amount of 8.000% senior notes due 2029 by Rithm Capital Corp. (“Rithm”), and the dealer manager in connection with a tender offer for up to $275,000,000 aggregate principal amount of Rithm’s existing 6.250% senior unsecured notes due 2025. Proceeds from the notes offering were used to fund the tender offer and for general corporate purposes. Rithm is a global asset manager focused on real estate, credit and financial services.