PHH Corporation Announces the Closing of C$363 Million Note Offering Backed By Canadian Fleet Lease Assets
MT. LAUREL, N.J.–(BUSINESS WIRE)–PHH Corporation (NYSE:PHH) (“PHH” or the “Company”) today announced the closing on January 27, 2010 of a series of transactions resulting in the sale of certain fleet lease assets originated and serviced by PHH Vehicle Management Services Inc. (“PHH VMS”), the Company’s indirect wholly-owned Canadian fleet management business, to Fleet Leasing Receivables Trust (“FLRT”), which, in turn, issued and sold appro
