Rithm Capital Corp. (NYSE: RITM) announced plans to offer $500 million in senior unsecured notes due 2031. The company stated it intends to use net proceeds for general corporate purposes, which may include repaying certain debt.

The notes will be offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act and to investors outside the United States under Regulation S. The securities will not be registered under the Securities Act of 1933 or state securities laws.

Rithm Capital operates as a global alternative asset manager focused on credit and real estate assets. The company's platform includes asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit through various subsidiaries including Elecor Properties, Newrez, Genesis Capital, Sculptor Capital Management, and Crestline Investors.