ONITY GROUP INC. 8K

Onity Group Inc. closed a $200 million private offering of additional 9.875% Senior Notes due 2029 to refinance debt and enhance financial flexibility.

Onity Group Inc. announced that its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, have closed a previously announced $200 million additional issuance of 9.875% Senior Notes due 2029, which will form a single series with the existing $500 million 9.875% Senior Notes issued on November 6, 2024; the notes are guaranteed on a senior secured basis by Onity and certain PHH subsidiaries, including PHH Mortgage Corporation and PHH Asset Services LLC, and the net proceeds will be used for general corporate purposes, including repayment of mortgage servicing rights indebtedness, with the offering conducted as a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

Filing Facts

CIK

873860

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-004502

Alert Tier

7