New Residential Investment (NRZ) Prices 45M Share Common Offering at $10.10/Sh

New Residential Investment Corp. (NYSE: NRZ) announced today that it priced its underwritten public offering of 45,000,000 shares of its common stock at a public offering price of $10.10 per share. The offering is expected to close on April 19, 2021, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 6,750,000 shares of common stock.

The Company intends to use the net proceeds from this offering to finance its previously announced acquisition of Caliber Home Loans, Inc. (“Caliber”) and to pay related fees and expenses, and any remaining proceeds for investments and general corporate purposes. In the event that the Caliber acquisition does not occur, the Company intends to use the net proceeds from this offering for general corporate purposes.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. BTIG, Keefe, Bruyette & Woods, A Stifel Company, Piper Sandler, Raymond James and Wedbush Securities Inc. are acting as co-managers for the offering.

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