---
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"
generated_at: "2026-05-29T10:47:26.240873+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315224048499/0001493152-24-048499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315224048499/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-048499
- JSON: https://secwatch.observer/filing/0001493152-24-048499.json
- Plain text: https://secwatch.observer/filing/0001493152-24-048499.txt

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