Another secondary by NRZ. $16.50 per share
EW YORK--(BUSINESS WIRE)--
New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced today the commencement of a public offering of 40,297,096 shares of its common stock, subject to market conditions. Of the total number of shares being offered, 40,000,000 shares are being offered by the Company and the remainder is being offered pursuant to an exercise of options by FIG LLC (the “Selling Stockholder”). The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase up to an additional 6,000,000 shares of common stock.