former Director and Senior Analyst in the High Yield Credit Research group at Bank of America
Mark Hammond is a former Director and Senior Analyst in the High Yield Credit Research group at Bank of America, with specialization in high yield financials as well as autos, aerospace & defense, industrials, and transportation sectors. During his tenure at Bank of America from 2015 to 2021, he provided coverage for high yield issuers across these sectors, delivering research and investment recommendations to institutional clients. Hammond joined Oaktree Capital in 2021 as Senior Vice President for the U.S. High Yield Bonds strategy, following his impactful research career at Bank of America. He is a CFA charterholder and graduated summa cum laude with a B.S. in finance, economics, and music from Towson University.
Mark Hammond from Bank of America asked if the merger agreement with Ocwen places any new restrictions on PHH's ability to retire its outstanding unsecured bonds before the acquisition closes.
Hugo Arias, SVP, Treasurer and Investor Relations, confirmed that the merger agreement contains standard restrictions on refinancing actions, which would be subject to Ocwen's consent.