Onity subsidiaries close $200M add-on offering of 9.875% Senior Notes due 2029

ONITY GROUP INC.

Aggregate principal of $200M; additional issuance to $500M originally issued Nov 6, 2024 at same 9.875% rate.
Net proceeds for general corporate purposes, including repayment of mortgage servicing rights (MSR) indebtedness.
CEO notes effective yield ~148 bps lower than November 2024 issuance; strong investor demand cited.
Guaranteed on senior secured basis by Onity, PHH Mortgage Corporation, and PHH Asset Services LLC.
Offered only to QIBs under Rule 144A and non-U.S. persons under Regulation S; not registered under Securities Act.

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