Pricing Supplement Dated February 1, 1995 Rule 424 (b) (3)
File No. 33-52669
(To Prospectus dated June 23, 1994 and
Prospectus Supplement dated June 23, 1994)
PHH CORPORATION
Medium-Term Notes
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<S> <C> <C> <C>
Principal Amount: $50,000,000 Trade date: February 1, 1995
Currency or Currency Unit: U.S. Dollars Original Issue Date: February 8, 1995
Issue Price: 100.00% * Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: $50,000,000 Agent (s): CS First Boston Corporation
Maturity Date: February 8, 1996 Other Terms: None
CUSIP Number: 69332H CH 7
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* 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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<S> <C> <C> <C> <C>
Interest:
Fixed Rate:
Floating Rate:
Base Rate: [ ] Commercial Paper [ ] CD Rate [ ] Federal Funds Effective Rate
[ ] LIBOR [X] Treasury Rate [ ] Prime Rate [ ] Other
( ) Reuters (see attached)
( ) Telerate
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Initial Interest Rate: To be set on February 7, 1995
Interest Reset Dates: Tuesday of each week from the Fed H-15
Rate Determination Date: Each USD Government auction held Monday, or Tuesday if
Monday is a holiday
Day Count Fraction: Actual/Actual
Interest Payment Dates: May 8, 1995, August 8, 1995, November 8, 1995 and
February 8, 1996
Index Maturity: 3 month (91 day)
Spread: plus 0.20%
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
