BUZZ-Rithm Capital falls after stock offering priced

Reuters
25 Sep 2024

** Rithm Capital's 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))

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