Onity group announces pricing of $500 million of senior notes due 2029

West palm beach, fla., oct. 23, 2024 (globe newswire) -- onity group inc. (nyse: onit) (“onity”), a leading non-bank mortgage servicer and originator, today announced that phh escrow issuer llc (“escrow issuer”), a wholly-owned special purpose subsidiary of phh corporation (“phh”), priced the previously announced offering of $500 million aggregate principal amount of 9.875% senior notes due 2029 (the “notes”). the price to investors will be 99.556% of the principal amount of the notes. the issuance and sale of the notes is expected to close on november 6, 2024, subject to customary closing conditions.
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