---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-043829"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:58:51.586296+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-043829
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224043829/0001493152-24-043829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224043829/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043829
- JSON: https://secwatch.observer/filing/0001493152-24-043829.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043829.txt

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