Rithm Capital Corp. Acquired $1.4B Of Marcus Loans From Goldman Sachs
Portfolio Pulse from Happy Mohamed
Rithm Capital Corp. (RITM) has acquired $1.4bn of prime unsecured consumer loans from The Goldman Sachs Group, Inc. (GS). The loans were originated and serviced by Goldman Sachs through the Marcus program. The acquisition allows Rithm Capital to add discounted, short duration and high yielding prime credit consumer assets.
July 20, 2023 | 8:39 pm
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NEGATIVE IMPACT
Goldman Sachs has sold $1.4bn of prime unsecured consumer loans to Rithm Capital. This could potentially impact its balance sheet.
The sale of these loans could potentially impact Goldman Sachs' balance sheet. However, the impact will depend on the terms of the sale and how the proceeds are used.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Rithm Capital's acquisition of $1.4bn of prime unsecured consumer loans from Goldman Sachs could potentially boost its portfolio and increase shareholder value.
The acquisition of these loans allows Rithm Capital to add discounted, short duration and high yielding prime credit consumer assets to its portfolio. This could potentially increase the company's profitability and shareholder value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100