PHH CORPORATION (NYSE:PHH) Files An 8-K Other Events
Item 8.01 Other Events.

On July18, 2017, the Company issued a press release announcing the expiration and final settlement of its previously announced cash tender offers (the “Offers”) and consent solicitations (the “Consent Solicitations”), with respect to any and all of its outstanding 7.375% Senior Notes Due 2019 (the “2019 Notes”) and 6.375% Senior Notes Due 2021 (the “2021 Notes” and, together with the 2019 Notes, the “Notes”).

The Offers and Consent Solicitations expired at 11:59 p.m., New York City time, on July17, 2017 (the “Expiration Date”). The Company has been advised by the tender agent that as of the Expiration Date, a total of (i)$177,479,000 aggregate principal amount of the 2019 Notes had been validly tendered and not withdrawn, which represented approximately 64.54% of the outstanding aggregate principal amount of the 2019 Notes, and (ii)$318,457,000 aggregate principal amount of the 2021 Notes had been validly tendered and not withdrawn, which represented approximately 93.66% of the outstanding aggregate principal amount of the 2021 Notes. These aggregate amounts include $25,000 additional 2019 Notes and $50,000 additional 2021 Notes validly tendered since the Early Tender Deadline. The Company made payment for the additional 2019 Notes and 2021 Notes tendered since the Early Tender Deadline on the date hereof. Following the completion of the Offers and Consent Solicitations, $97,521,000 principal amount of the 2019 Notes, and $21,543,000 principal amount of the 2021 Notes, remain outstanding.

The Company had previously announced the results of its Offers and Consent Solicitations as of 5.00 p.m., New York City time, on June30, 2017 (the “Early Tender Deadline”). As previously announced, the Company received the requisite consents to the Proposed Actions (as defined in the offer to purchase and consent solicitation statement dated June19, 2017 (the “Offer to Purchase and Consent Solicitation Statement”)), and entered into the Supplemental Indentures (as defined in the Offer to Purchase and Consent Solicitation Statement), dated as of July3, 2017, to effect such Proposed Actions, which eliminate or modify substantially all of the restrictive covenants as well as certain events of default and other provisions contained in each of the indentures governing the Notes, give effect to the consent to the Sales (as defined in the Offer to Purchase and Consent Solicitation Statement) and waive any potential default that may occur resulting from the Sales.

A copy of the press release is filed herewith as Exhibit99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.