Pricing Supplement Dated September 26, 1994 Rule 424 (b) (3)
File No. 33-52669
(To Prospectus dated June 23, 1994 and
Prospectus Supplement dated June 23, 1994)
PHH CORPORATION
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Medium-Term Notes
<S> <C> <C> <C>
Principal Amount: $100,000,000 Trade date: September 26, 1994
Currency or Currency Unit: U.S. Dollars Original Issue Date: October 3, 1994
Issue Price: 100.00% Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: $100,000,000 Agent (s): CS First Boston Corporation*
Maturity Date: October 3, 1995 Other Terms: None
CUSIP Number: 69332H CB 0
* The Notes will be sold at market prices prevailing at the time of sale, at
prices related to such prevailing prices or at negotiated prices.
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Interest:
Fixed Rate:
Floating Rate:
Base Rate: [X] Commercial Paper [ ] CD Rate [ ] Federal Funds Effective Rate
[ ] LIBOR [ ] Treasury Rate [ ] Prime Rate [ ] Other
( ) Reuters (see attached)
( ) Telerate
Initial Interest Rate: To be set on October 2, 1994
Interest Reset Dates: Daily, using the previous day Commercial Paper Rate
Interest Payment Dates: Monthly, on the 3rd day or next Business Day of each
month, commencing 11/3/94
Index Maturity: 1 month
Spread: minus 0.05%
Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
Redemption:
[X] The Notes cannot be redeemed prior to maturity, except as set forth in
the Prospectus
[ ] The Notes may be redeemed prior to maturity
Initial Redemption Date:
Initial Redemption Price: %
Annual Redemption Price Reduction: % until Redemption Price is 100%
of the principal amount
Repayment:
[X] The Notes cannot be repaid prior to maturity, except as set forth in the
Prospectus
[ ] The Notes can be repaid prior to maturity at the option of the holder on
the Notes
Repayment Date:
Repayment Price: %
Discount Note: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Global [ ] Certificated
