Core Viewpoint - Onity Group Inc. successfully closed a $200 million offering of 9.875% Senior Notes due 2029, aimed at strengthening its capital structure and enhancing financial flexibility [1][2]. Group 1: Debt Offering Details - The offering of the PHH Senior Notes was executed at attractive terms, with strong investor demand indicating confidence in Onity's strategy and financial results [2]. - The effective yield on this debt issuance is nearly 148 basis points lower than the original debt issuance in November 2024, which is expected to provide greater financial flexibility for managing leverage and investing in business growth [2]. - The PHH Senior Notes form a single series with the previously issued $500 million aggregate principal amount of the same notes [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, including the repayment of mortgage servicing rights (MSR) indebtedness [3]. Group 3: Company Overview - Onity Group Inc. is a leading non-bank financial services company specializing in mortgage servicing and originations through its primary brands, PHH Mortgage and Liberty Reverse Mortgage [6]. - PHH Mortgage is one of the largest servicers in the U.S., providing a variety of servicing and lending programs [6]. - The company has been operational since 1988 and is headquartered in West Palm Beach, Florida, with additional offices in the U.S. Virgin Islands, India, and the Philippines [6].

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].