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Onity Group ( (ONIT) ) has provided an update.
Onity Group Inc., a non-bank mortgage servicer, successfully sold its 15% interest in MSR Asset Vehicle LLC to Oaktree Capital for $49.5 million, utilizing proceeds alongside $500 million from 9.875% Senior Notes to redeem significant corporate debt. This strategic move enhances Onity’s capital structure, enabling continued growth and financial flexibility, while maintaining its subservicing relationship with MAV.
See more insights into ONIT stock on TipRanks’ Stock Analysis page.
