Facebook Twitter LinkedIn Google Plus RSS

PHH announces completion of offering of $350 million of senior notes

By ,

Mount Laurel-based mortgage outsourcing company PHH Corp. announced Tuesday it has closed its previously announced offering of $350 million in aggregate principal amount of 6.375 percent senior notes, due 2021.

The company is using the net proceeds of the offering of the notes, together with available cash, to repurchase up to $350 million of outstanding aggregate principal amount of its 9.25 percent senior notes, due 2016, according to the announcement.

Digital content editor Joe Ross is @joeross on Twitter.

You May Have Missed...

Write to the Editorial Department at editorial@njbiz.com

Related Stories

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!