secwatch.observer — SEC 8-K summary
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Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001493152-26-003607
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onity Group announces $200M add-on to 9.875% Senior Notes due 2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315226003607/0001493152-26-003607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315226003607/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003607

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