<div id="readability-page-1"><div><ul> <li>On May 11, 2026, Rithm Capital Corp. completed the launch of a US$500,000,000 senior unsecured notes offering due 2031, with proceeds earmarked for general corporate purposes, including potential repayment of existing debt.</li> <li>This new senior unsecured bond adds a meaningful layer to Rithm Capital’s funding mix, with implications for its balance sheet flexibility and interest expense profile.</li> <li>Next, we’ll examine how issuing US$500,000,000 in senior unsecured notes could reshape Rithm Capital’s investment narrative and future capital allocation.</li> </ul><p>AI is about to change healthcare. These 34 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.</p><h2>Rithm Capital Investment Narrative Recap</h2><p>To own Rithm Capital, you need to believe in its ability to manage interest rate sensitive mortgage and credit assets while keeping funding costs and balance sheet risk in check. The new US$500,000,000 senior unsecured notes look incremental rather than transformative in the short term, so they do not materially change the key near term catalyst of balance sheet optimization or the main risk around funding and refinancing in less friendly credit conditions.</p> <p>The recent first quarter 2026 results, with sales of US$191.69 million and net income of US$102.68 million, give a timely snapshot of earnings power as Rithm layers on additional unsecured debt. Taken together with the bond issuance, they help frame how much room the company may have to handle higher interest expense while still supporting dividends and any future capital allocation plans.</p> <p>Yet while additional unsecured funding can enhance flexibility, investors should also be aware of how it could affect refinancing risk and funding dependence if credit markets tighten...</p> <p>Read the full narrative on Rithm Capital (it's free!)</p><p>Rithm Capital's narrative projects $7.7 billion revenue and $1.4 billion earnings by 2029. This requires 23.7% yearly revenue growth and a roughly $801.5 million earnings increase from $598.5 million today.</p><p>Uncover how Rithm Capital's forecasts yield a $13.94 fair value, a 44% upside to its current price.</p><h2>Exploring Other Perspectives</h2> <p>Four members of the Simply Wall St Community currently see Rithm’s fair value between US$13.94 and US$38.95, reflecting very different expectations. When you set these against the funding model and refinancing risks discussed above, it underlines why you may want to compare several perspectives before deciding how this stock could fit into your portfolio.</p><p>Explore 4 other fair value estimates on Rithm Capital - why the stock might be worth just $13.94!</p><h2>The Verdict Is Yours</h2><p>Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.</p><ul><li>A great starting point for your Rithm Capital research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.</li><li>Our free Rithm Capital research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Rithm Capital's overall financial health at a glance.</li></ul><h2>Searching For A Fresh Perspective?</h2><p>Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:</p><ul><li>Capitalize on the AI infrastructure supercycle with our selection of the 38 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow.</li><li>The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 15 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.</li><li>Invest in the nuclear renaissance through our list of 91 elite nuclear energy infrastructure plays powering the global AI revolution.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

RITM

<p>On May 11, 2026, Rithm Capital Corp. launched a US$500 million senior unsecured notes offering due 2031, aimed at general corporate purposes, including debt repayment. This bond enhances Rithm's funding mix, impacting its balance sheet flexibility and interest expenses. While the issuance is seen as incremental, it does not significantly alter the company's near-term balance sheet optimization or funding risks. Rithm projects $7.7 billion in revenue and $1.4 billion in earnings by 2029, with a fair value estimate of $13.94, indicating a potential 44% upside from its current price.</p>

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RITHM CAPITAL CORP 7.125%FIX TO FLTG RATE CUM RED PFD SER B

RITHM CAPITAL CORP 7.50%FXD TO FLTG RATE CUM RED PRF SER A

RITHM CAPITAL CORP 6.375%FXD TO FLTG RATE CUM RED PFD SER C

RITHM CAPITAL CORP 8.75 SER F FIXED-RATE RST CUM PF STK

RITHM CAPITAL CORP FXD RATE CUM RED PFD SER E

RITHM CAPITAL CORP 7.00%FXD RATE RESET CUM RED PFD STK D

NVIDIA Corporation

How Rithm Capital’s US$500 Million Senior Notes Offering Will Impact Rithm Capital (RITM) Investors