Onity closes sale of 15% MAV stake to Oaktree for $49.5M; refinances $574M in debt

ONITY GROUP INC.

Sold 15% interest in MSR Asset Vehicle to Oaktree for $49.5M cash; PHH Mortgage remains exclusive subservicer for 5 years.
Issued $500M of 9.875% Senior Notes due 2029; escrow released, proceeds used to redeem $289M of 7.875% notes due 2026.
Also redeemed all $285M of Onity's 12.00%/13.25% Senior Second Lien Notes due 2027 using proceeds and cash.
New capital structure expected to support future earnings growth and provide financial flexibility.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001493152-24-048499
form_type: 8-K
ticker: ONIT
cik: 0000873860
company_name: ONITY GROUP INC.
filed_at: 2024-12-03T23:59:59+00:00
discovered_at: 2026-05-14T18:03:11.189705+00:00
generated_at: 2026-05-29T10:47:26.240873+00:00
sec_items: ["1.01", "1.02", "2.03", "8.01", "9.01"]
event_type: m_and_a
sentiment: positive
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001493152-24-048499
json_url: https://secwatch.observer/filing/0001493152-24-048499.json
markdown_url: https://secwatch.observer/filing/0001493152-24-048499.md
text_url: https://secwatch.observer/filing/0001493152-24-048499.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/873860/000149315224048499/0001493152-24-048499-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/873860/000149315224048499/form8-k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

accession 0001493152-24-048499

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