Rithm Capital falls after stock offering priced

Rithm Capital

25/09/2024 11:41

** Rithm Capital's  RITM.N  shares down 2.7% premarket to
$11.49 after overnight follow-on priced
    ** Mortgage REIT late Tues announced 30 mln shares for
~$342.9 mln gross proceeds to be used for general corp purposes
    ** Offering priced at $11.43, 3.2% discount to stock's last
sale
    ** Citigroup, Goldman, JP Morgan, UBS, BTIG and Wells Fargo
are jt bookrunners
    ** Co has ~489.73 mln shares outstanding for ~$5.8 bln
market value
    ** Through Tues, shares up 10.6% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))