ONITY GROUP INC. 8-K

What Happened Onity Group Inc. (NYSE: ONIT) filed an 8-K reporting that its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, completed an additional issuance of $200.0 million aggregate principal amount of 9.875% Senior Notes due 2029 on January 30, 2026. These notes were issued under the existing indenture (originally dated November 6, 2024 and amended November 27, 2024) as supplemented by a Second Supplemental Indenture dated January 30, 2026. Wilmington Trust, National Association serves as trustee and collateral trustee.

Key Details

• Issuer: PHH Corporation and PHH Escrow Issuer LLC (subsidiaries of Onity).
• Amount and terms: $200.0 million aggregate principal; 9.875% interest; due 2029; issued January 30, 2026.
• Series treatment: The new notes form a single series with the $500.0 million of 9.875% Senior Notes originally issued November 6, 2024 — resulting in $700.0 million aggregate outstanding of that series.
• Document: Second Supplemental Indenture is filed as Exhibit 10.1 to the 8-K.

Why It Matters This filing reports a material financing transaction that increases the company’s consolidated debt tied to the PHH notes series and creates additional fixed interest obligations (9.875% coupon) through 2029. Retail investors should note the larger outstanding principal ($700M for this series) and the associated interest cost and maturity profile when assessing Onity’s leverage and near- to mid-term cash obligations. The supplemental indenture and trustee details are available in the exhibit for investors who want the full legal terms.