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Onity Group Inc. Announces Partnership with PHH Corporation for $500 Million Senior Notes
Nov 06, 2024•over 1 year ago
Contract Type
partnership
West Palm BeachFinancial ServicesFinanceSecurityLendingBanking
Description
Onity Group Inc. has announced a partnership with PHH Corporation where PHH Escrow Issuer LLC closed the offering of $500 million aggregate principal amount of 9.875% Senior Notes due 2029. The net proceeds from the sale of the Notes, together with additional cash from Onity, were placed into escrow pending the consummation of the recently announced sale by Onity of its 15% ownership interest in MSR Asset Vehicle LLC to certain funds affiliated with Oaktree Capital Management, L.P.
Company Information
Company
Onity Group
Location
West Palm Beach, Florida, United States
About
Onity Group Inc. is a leading non-bank mortgage servicer and originator, with a focus on enhancing their capital structure and driving strong earnings, cash flow and returns.
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Strategic
ML-powered predictions for Onity Group's next move
West Palm BeachFinancial ServicesFinanceSecurityLendingBanking