Mark Hammond's questions to Park Ha Biological Technology (PHH) leadership • Q4 2017
Question
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.
Answer
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.