PHH amends unsecured revolving loan, lowering size to $805 million

By Sara Rosenberg

New York, June 30 - PHH Corp. amended its unsecured revolving credit facility, reducing the size to $805 million with a further reduction to $525 million on Jan. 6, 2011, according to a news release.

In addition, the amendment extended the maturity to Feb. 29, 2012 with a one-year extension option.

The amendment was completed on June 25.

JPMorgan is the administrative agent on the deal.

PHH is a Mount Laurel, N.J.-based outsource provider of mortgage and vehicle fleet management services.

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