Onity Group Announces Pricing of $200 Million of Senior Notes Due 2029

Core Viewpoint - Onity Group Inc. announced the pricing of its 9.875% Senior Notes due 2029, totaling $200 million, with an effective yield of 8.515% per annum, expected to close on January 30, 2026 [1][3]. Group 1: Offering Details - The offering consists of an additional issuance of the 9.875% Senior Notes due 2029, which will combine with the previously issued $500 million of the same notes from November 6, 2024 [2]. - The Senior 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 allocated for general corporate purposes, specifically for repaying mortgage servicing rights (MSR) indebtedness [3]. Group 3: Regulatory Compliance - 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]. Group 4: Company Overview - Onity Group Inc. is a leading non-bank financial services company specializing in mortgage servicing and originations, with significant operations in the U.S., U.S. Virgin Islands, India, and the Philippines [6].