debt
confidence high
sentiment neutral
materiality 0.60
Onity Group announces $200M add-on to 9.875% Senior Notes due 2029
ONITY GROUP INC.
- PHH Corporation and PHH Escrow Issuer LLC priced $200M of 9.875% Senior Notes due 2029.
- Price to investors at 103.25% of par; effective yield (YTW) of 8.515% per annum.
- Expected to close January 30, 2026; forms single series with $500M issued Nov 2024.
- Notes are senior secured, guaranteed by Onity, PHH Mortgage, and PHH Asset Services.
- Net proceeds for general corporate purposes, including repayment of MSR indebtedness.