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.