Page 5 of 9 – SEC Filing CUSIP No. 693320202 13G
Item 1(a) Name of Issuer: The name of the issuer is PHH Corporation (the “Company”). Item 1(b) Address of Issuer’s Principal Executive Offices: The Company’s principal executive office is located at 3000 Leadenhall Road, Mount Laurel, NJ 08054. Item 2(a) Name of Person Filing: This Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership (“Silver Point”), Mr. Edward A. Mulé and Mr. Robert J. O’Shea with respect to the ownership of the common stock of the Company by Silver Point Capital Fund, L.P. (the “Onshore Fund”) and Silver Point Capital Offshore Fund, Ltd. (the “Offshore Fund”).2 Silver Point, Mr. Mulé and Mr. O’Shea are collectively referred to herein as the “Reporting Persons.” The Reporting Persons have entered into a Joint Filing Agreement, dated July 18, 2016, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. Item 2(b) Address of Principal Business Office or, if none, Residence: The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Greenwich, CT 06830. Item 2(c) Citizenship: Silver Point Capital, L.P. is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mulé and Mr. O’Shea are U.S. citizens. Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP No.: 693320202 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not applicable.
_______________________________________ 2 Silver Point is the investment manager of the Onshore Fund and the Offshore Fund and by virtue of such status may be deemed to be the beneficial owner of the securities held by the Onshore Fund and the Offshore Fund. Silver Point Capital Management, LLC (“Management”) is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Onshore Fund and the Offshore Fund. Each of Mr. Edward A. Mulé and Mr. Robert J. O’Shea is a member of Management and has voting and investment power with respect to the securities held by the Onshore Fund and the Offshore Fund and may be deemed to be a beneficial owner of the securities held by the Onshore Fund and the Offshore Fund.
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| CUSIP No. 693320202 | 13G |
| Item 1(a) | Name of Issuer: | |||
| The name of the issuer is PHH Corporation (the “Company”). | ||||
| Item 1(b) | Address of Issuer’s Principal Executive Offices: | |||
| The Company’s principal executive office is located at 3000 Leadenhall Road, Mount Laurel, NJ 08054. | ||||
| Item 2(a) | Name of Person Filing: | |||
| This Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership (“Silver Point”), Mr. Edward A. Mulé and Mr. Robert J. O’Shea with respect to the ownership of the common stock of the Company by Silver Point Capital Fund, L.P. (the “Onshore Fund”) and Silver Point Capital Offshore Fund, Ltd. (the “Offshore Fund”).2 Silver Point, Mr. Mulé and Mr. O’Shea are collectively referred to herein as the “Reporting Persons.” The Reporting Persons have entered into a Joint Filing Agreement, dated July 18, 2016, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. | ||||
| Item 2(b) | Address of Principal Business Office or, if none, Residence: | |||
| The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Greenwich, CT 06830. | ||||
| Item 2(c) | Citizenship: | |||
| Silver Point Capital, L.P. is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mulé and Mr. O’Shea are U.S. citizens. | ||||
| Item 2(d) | Title of Class of Securities: | |||
| Common Stock | ||||
| Item 2(e) | CUSIP No.: | |||
| 693320202 | ||||
| Item 3 | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: | |||
| Not applicable. | ||||
_______________________________________
| 2 | Silver Point is the investment manager of the Onshore Fund and the Offshore Fund and by virtue of such status may be deemed to be the beneficial owner of the securities held by the Onshore Fund and the Offshore Fund. Silver Point Capital Management, LLC (“Management”) is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Onshore Fund and the Offshore Fund. Each of Mr. Edward A. Mulé and Mr. Robert J. O’Shea is a member of Management and has voting and investment power with respect to the securities held by the Onshore Fund and the Offshore Fund and may be deemed to be a beneficial owner of the securities held by the Onshore Fund and the Offshore Fund. |
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