---
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"
generated_at: "2026-05-31T01:01:37.598753+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224038677/0001493152-24-038677-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224038677/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-038677
- JSON: https://secwatch.observer/filing/0001493152-24-038677.json
- Plain text: https://secwatch.observer/filing/0001493152-24-038677.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.