ONITY GROUP INC. 8-K

What Happened

• On January 26, 2026, Onity Group Inc. filed a Form 8-K and issued a press release stating that two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, priced an offering of 9.875% Senior Notes due 2029. The aggregate principal amount of the notes is $200,000,000. The company notes the securities have not been and will not be registered under the Securities Act.

Key Details

• Issuer subsidiaries: PHH Corporation and PHH Escrow Issuer LLC.
• Size: $200,000,000 aggregate principal amount.
• Interest rate and maturity: 9.875% coupon, due 2029.
• Filing date and disclosure: Press release and Form 8-K dated January 26, 2026; notes are unregistered and subject to offering restrictions.

Why It Matters

• This transaction adds $200M of senior debt to the company’s consolidated capital structure, creating additional interest expense obligations at a relatively high fixed rate (9.875%) through 2029.
• Investors should note the maturity timeline and the high coupon when evaluating Onity’s future cash flow needs, leverage, and credit costs. The filing also clarifies the notes were not registered, which affects resale and transferability.