Onity Group (NYSE: ONIT) prices $200M 9.875% senior notes due 2029

Rhea-AI Filing Summary

Onity Group Inc. reported that two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, have priced their previously announced offering of 9.875% Senior Notes due 2029 with an aggregate principal amount of $200,000,000. These notes are a form of debt that will require the subsidiaries to pay 9.875% interest until maturity in 2029.

The company noted that the notes have not been, and will not be, registered under the Securities Act of 1933 or the securities laws of any other jurisdiction, meaning they are being offered through a private placement rather than a public offering. Onity also furnished a press release as an exhibit providing further details on this financing transaction.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 26, 2026

ONITY GROUP INC.

(Exact name of registrant as specified in its charter)

Florida		1-13219		65-0039856
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

1661 Worthington Road, Suite 100

West Palm Beach, Florida 33409

(Address of principal executive offices)

Registrant’s telephone number, including area code: (561) 682-8000

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 Par Value		ONIT		New York Stock Exchange (NYSE)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On January 26, 2026, Onity Group Inc. issued a press release announcing that two of its subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, priced their previously announced offering of 9.875% Senior Notes due 2029 in an aggregate principal amount of $200,000,000. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. This Current Report on Form 8-K and the press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of, any Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
99.1		Press Release of Onity Group Inc. dated January 26, 2026
104		Cover Page Interactive Data File formatted in online XBRL (included as Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	ONITY GROUP INC.
	(Registrant)
Date: January 26, 2026	By:	/s/ Sean B. O’Neil
		Sean B. O’Neil
		Chief Financial Officer

FAQ

What financing action did ONIT disclose in this 8-K filing?

Onity Group Inc. disclosed that its subsidiaries PHH Corporation and PHH Escrow Issuer LLC priced an offering of 9.875% Senior Notes due 2029 with an aggregate principal amount of $200,000,000.

What are the key terms of Onity Group (ONIT) new notes?

The new debt consists of 9.875% Senior Notes due 2029 with an aggregate principal amount of $200,000,000, issued by PHH Corporation and PHH Escrow Issuer LLC.

Are the new Onity Group (ONIT) senior notes registered with the SEC?

No. The filing states that the notes have not been, and will not be, registered under the Securities Act of 1933 or the securities laws of any other jurisdiction.

Who is issuing the 9.875% Senior Notes disclosed by ONIT?

The notes are being issued by PHH Corporation and PHH Escrow Issuer LLC, which are subsidiaries of Onity Group Inc.

When did Onity Group announce the pricing of the new notes?

Onity Group announced the pricing of the notes in a press release dated January 26, 2026, which is attached as Exhibit 99.1.

Does this 8-K constitute an offer to sell the Onity Group notes?

No. The company states that the 8-K and the related press release do not constitute an offer to sell or a solicitation of an offer to buy the notes in any jurisdiction where such actions would be unlawful.