New York-based asset manager Rithm Capital, owner of multichannel lender Newrez, has revealed plans to raise funds for “general corporate purposes” through a public offering. The firm aims to sell up to 34.5 million shares of common stock to investors, signaling a strategic move to bolster its financial position and support ongoing operations.
Key points:
– Rithm Capital, the owner of Newrez, is based in New York
– The company intends to raise capital for “general corporate purposes”
– Up to 34.5 million shares of common stock will be sold in a public offering
– The move is aimed at strengthening the firm’s financial position and supporting ongoing operations.
You can read this full article at: https://www.housingwire.com/articles/rithm-offers-up-to-34-5-m-shares-of-common-stock-in-public-offering/(subscription required)
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