Onity (ONIT) said late Monday its subsidiaries, PHH and PHH Escrow Issuer, priced a $200 million offering of 9.875% senior notes due 2029.
The notes were priced at 103.25% of face value for an effective yield to worst of 8.515% and are expected to close Friday.
Onity said it plans to use the proceeds for general corporate purposes, including repayment of mortgage servicing rights-related debt.
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