---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-042236"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:19:10.822524+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Onity subsidiary prices $500M of 9.875% senior notes due 2029 to refinance debt

## Summary
- $500M aggregate principal, 9.875% coupon, due 2029; priced at 99.556% of par.
- Close expected Nov 6, 2024; proceeds placed in escrow pending MAV sale of 15% stake in MSR Asset Vehicle LLC to Oaktree.
- Proceeds plus MAV sale cash to redeem PHH Mortgage 7.875% notes due 2026 and Onity 12.00%/13.25% second lien notes due 2027.
- Upon escrow release, PHH Corp becomes co-issuer; Onity and certain subsidiaries guarantee the notes.

## SEC filing metadata
- accession: 0001493152-24-042236
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224042236/0001493152-24-042236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224042236/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-042236
- JSON: https://secwatch.observer/filing/0001493152-24-042236.json
- Plain text: https://secwatch.observer/filing/0001493152-24-042236.txt

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