PHH Offers $200M In Convertible Senior Notes
Stock quotes in this article:
PHH
MT. LAUREL, N.J. (AP) — Mortgage originator PHH Corp. on Wednesday said it is offering $200 million in convertible senior notes, due 2014.
Initial buyers have 25 days to purchase up to an additional $30 million for over-allotments. Proceeds will be used to pay down debt and cover the cost of convertible note hedge transactions. Shares of the company retreated $1.24, or 5.8 percent, to $20.11.- Loading Comments...
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