Onity Group Announces Closing of $200 Million Senior Notes Offering
January 30, 2026 - 18:27
WEST PALM BEACH, Fla., Jan. 30, 2026 – Onity Group Inc. has successfully completed a significant debt offering, raising $200 million in capital. The transaction was finalized through the company's subsidiaries, PHH Corporation and PHH Escrow Issuer LLC, which issued 9.875% Senior Notes set to mature in 2029.
Company leadership highlighted the strategic nature of the move. Glen A. Messina, Chair, President and CEO of Onity Group, stated that the offering was executed opportunistically to expand and fortify the company's capital structure. The influx of capital is expected to provide Onity with enhanced financial flexibility as it moves forward.
The notes represent a long-term financial instrument for the company, with the stated interest rate reflecting the terms of the agreement with investors. This successful closing marks a key financial milestone for Onity, providing substantial resources to support its operational and strategic objectives. The company views this as a proactive step in managing its long-term financial health and positioning itself for future initiatives.
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