Onity Group Announces Offering of $150 Million of Senior Notes Due 2029

Core Viewpoint - Onity Group Inc. announced the launch of a $150 million offering of 9.875% Senior Notes due 2029, which will be an additional issuance to the previously issued $500 million of the same notes [1][2]. Group 1: Offering Details - The new PHH Senior Notes will form a single series with the existing $500 million aggregate principal amount of 9.875% Senior Notes originally issued on November 6, 2024 [2]. - The notes are guaranteed on a senior secured basis by Onity and certain subsidiaries, including PHH Mortgage Corporation and PHH Asset Services LLC [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, specifically for the repayment of certain indebtedness of PHH Mortgage Corporation and PHH Asset Services LLC [3]. Group 3: Regulatory Information - The PHH Senior Notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States in compliance with Regulation S of the Securities Act [4].