Current Report Filing (8-k)
2015年6月16日 - 10:29PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 2015
PHH CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Maryland |
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1-7797 |
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52-0551284 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
of Incorporation) |
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File Number) |
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Identification No.) |
3000 Leadenhall Road
Mt. Laurel, New Jersey 08054
(Address of Principal Executive Offices) (Zip Code)
(856) 917-1744
(Registrants telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
In a press release dated June 16, 2015, PHH Corporation (the Company) announced the final results of its previously announced offer to exchange any and all of the Companys outstanding 6.00% Convertible Senior Notes due 2017 (CUSIP No. 693320 AQ6). A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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99.1 |
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Press Release announcing the final results of the Companys offer to exchange, dated June 16, 2015. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 16, 2015
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PHH Corporation |
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By: |
/s/ William F. Brown |
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Name: |
William F. Brown |
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Title: |
Senior Vice President, General Counsel and Secretary |
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EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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Press Release announcing the final results of the Companys offer to exchange, dated June 16, 2015. |
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Exhibit 99.1
NEWS RELEASE
PHH Corporation Announces Completion of its Offer to Exchange 6.00% Convertible Senior Notes Due 2017
Mount Laurel, NJ June 16, 2015 PHH Corporation (NYSE: PHH) (PHH, or we) today announced the final results of its previously announced offer to exchange (the Offer) any and all of its 6.00% Convertible Senior Notes Due 2017 (the Notes).
The Offer expired at 11:59 p.m., New York City time, on Monday, June 15, 2015. Pursuant to the Offer, $243.015 million in aggregate principal amount of Notes were validly tendered for exchange and not withdrawn. The Notes that were validly tendered and accepted for exchange by PHH constitute over 99% of the outstanding aggregate principal amount of the Notes. PHH has accepted all such Notes for exchange, and the settlement and exchange of cash and shares of PHHs common stock for such validly tendered and accepted Notes is expected to occur on June 18, 2015.
In the aggregate, the Offer will result in the retirement of $243.015 million principal amount of Notes, the issuance of approximately 10.076 million shares of PHHs common stock and the payment of approximately $273.5 million (including accrued and unpaid interest from June 15, 2015 to, but excluding, the settlement date and cash paid in lieu of fractional shares) to holders of validly tendered and accepted Notes. Following settlement of the Offer, $1.985 million aggregate principal amount of Notes will remain outstanding.
Citigroup is acting as PHHs sole financial advisor in connection with the Offer. Citigroup has not been retained to, and will not, solicit acceptances of the Offer or make any recommendations with respect thereto.
This press release is not an offer to exchange, or a solicitation of an offer to exchange, any Notes. The Offer is being made only on the terms and subject to the conditions described in the Offer to Exchange related to the Offer and related documents, distributed to holders of Notes, who are advised to read such documents because they contain important information. Copies of the Offer to Exchange and related documents have been filed with the Securities and Exchange Commission as exhibits to the Schedule TO and are available for free at the Securities and Exchange Commissions web site at www.sec.gov.
Holders of Notes may address questions about the Offer or make requests for copies of the Offer to Exchange and related documents for free to Global Bondholder Services Corporation, the information agent for the Offer, by calling (212) 430-3774.
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading provider of end-to-end mortgage solutions through its subsidiary, PHH Mortgage. Its outsourcing model and proven expertise, combined with a strong commitment to operational excellence and customer service, has enabled PHH Mortgage to become one of the largest non-bank originators and servicers of residential mortgages in the United States. PHH Mortgage provides mortgage solutions for the real estate market and financial institutions, and offers home financing directly to consumers.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, forward looking-statements are not based on historical facts but instead represent only our current beliefs regarding future events. All forward-looking statements are, by their nature, subject to risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements. Such statements may be identified by words such as expects, anticipates, intends, projects, estimates, plans, may increase, may fluctuate and similar expressions or future or conditional verbs such as will, should, would, may and could.
You should understand that forward-looking statements are not guarantees of performance or results and are preliminary in nature. You should consider the areas of risk described under the heading Cautionary Note Regarding Forward-Looking Statements and Risk Factors in our periodic reports filed with the U.S. Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, in connection with any forward-looking statements that may be made by us or our businesses generally. Such periodic reports are available in the Investors section of our website at http://www.phh.com and are also available at http://www.sec.gov. Except for our ongoing obligations to disclose material information under the federal securities laws, applicable stock exchange listing standards and unless otherwise required by law, we undertake no obligation to release publicly any updates or revisions to any forward-looking statements or to report the occurrence or non-occurrence of anticipated or unanticipated events.
Contact Information:
Investors
Rob Crowl
robert.crowl@phh.com
(856) 917-7118
Media
Dico Akseraylian
dico.akseraylian@phh.com
(856) 917-0066
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