ONIT subsidiary closes $500M 9.875% Senior Notes due 2029 to refinance existing debt

ONITY GROUP INC.

PHH Escrow Issuer issued $500M of 9.875% Senior Notes due Nov 1, 2029; proceeds held in escrow pending MAV Sale.
Upon escrow release, proceeds plus MAV Sale cash will redeem $289M of 7.875% Notes due 2026 and $285M of 12.00%/13.25% Notes due 2027.
CEO says new debt structure improves effective yield by ~300 bps, supports growth and profitability.
If MAV Sale not consummated by March 3, 2025, Notes must be redeemed at 100% plus accrued interest.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.