Facebook Twitter LinkedIn Google Plus RSS

PHH announces completion of $350M offering of senior notes

By ,

Mount Laurel-based mortgage outsourcing company PHH Corp. announced Wednesday the completion of its $350 million tender offer for 9.25 percent senior notes due 2016. The tender agent estimated approximately $280 million aggregate principal amount of the 2016 notes had been tendered.

According to the announcement, approximately $170 million aggregate principal amount of 2016 notes remain outstanding.

Citigroup Global Markets Inc., Barclays Capital Inc. and BofA Merrill Lynch acted as dealer managers and solicitation agents for the tender offer and the consent solicitation. The tender agent and information agent was Global Bondholder Services Corporation.

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