Aug 9 PHH Corporation on Thursday sold
$275 million of senior notes, said IFR, a Thomson Reuters
The size of the deal was increased from an originally
planned $250 million.
Bank of America Merrill Lynch, JP Morgan, Barclays Capital,
Citigroup, RBC, RBS, and Wells Fargo were the joint bookrunning
managers for the sale.
BORROWER: PHH CORPORATION
AMT $275 MLN COUPON 7.375 PCT MATURITY 09/01/2019
TYPE SR NTS ISS PRICE 100 FIRST PAY 03/01/2013
MOODY'S Ba2 YIELD 7.375 PCT SETTLEMENT 08/23/2012
S&P BB-MINUS SPREAD 624 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS