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|8-KJan 30, 4:15 PM ET

ONITY GROUP INC. 8-K

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Onity Group Inc. Closes $200M 9.875% Senior Notes Offering

What Happened
On January 30, 2026, Onity Group Inc. (ONIT) filed an 8-K under Item 7.01 to disclose the closing of a previously announced debt offering. Two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, issued 9.875% Senior Notes due 2029 in an aggregate principal amount of $200,000,000. A press release announcing the closing was attached to the filing as Exhibit 99.1.

Key Details

  • Offering closed on January 30, 2026 (disclosed in the 8-K filing).
  • Issuers: PHH Corporation and PHH Escrow Issuer LLC (Onity subsidiaries).
  • Securities: 9.875% Senior Notes due 2029.
  • Aggregate principal amount: $200,000,000.
  • Press release announcing the closing is included as Exhibit 99.1 to the 8-K.

Why It Matters
The transaction increases the debt issued by Onity’s subsidiaries by $200 million and establishes a fixed interest obligation at 9.875% through 2029. For investors, this is material to the company’s capital structure and future interest expense; review upcoming financial reports or investor materials for how Onity plans to use proceeds, manage repayment, or reflect the new debt on consolidated results.