Onity Group accelerates capital restructuring with MAV sale, debt reduction, and asset acquisitions

ONITY GROUP INC.

Onity to sell its 15% interest in MAV to Oaktree for ~$49M cash; expects Q4 2024 close subject to debt financing and approvals.
Oaktree waives make-whole premium on Onity Notes; Onity commits to redeem at least $150M in Onity Notes in Q4 2024 at par or 102.5%.
MAM Asset Acquisition: Onity to issue ~$52.7M in perpetual preferred stock to Waterfall for assets with estimated net asset value of ~$55M.
PMC completed securitization of reverse mortgage assets generating $46.1M; also sold MSR portfolio reducing debt by $73.4M for $26.5M cash.
Ginnie Mae extends PMC's risk-based capital ratio compliance deadline to May 1, 2025; Onity repurchased $23.5M of PMC Notes at a discount.

item 1.01 item 8.01 item 3.03 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001493152-24-038677
form_type: 8-K
ticker: ONIT
cik: 0000873860
company_name: ONITY GROUP INC.
filed_at: 2024-09-30T23:59:59+00:00
discovered_at: 2026-05-14T18:03:16.102376+00:00
generated_at: 2026-05-31T01:01:37.598753+00:00
sec_items: ["1.01", "8.01", "3.03", "9.01"]
event_type: m_and_a
sentiment: positive
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: high
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markdown_url: https://secwatch.observer/filing/0001493152-24-038677.md
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