March 27 (Reuters) - PHH Corp:
* Says commercial fleet assets eligible for TALF
* Says pursuing alternative sources of potential funding
* Says will be unable to borrow additional amounts under Chesapeake vehicle
management asset-backed debt arrangement
* Says amortization of series 2006-1 notes will not result in breach of any
covenants
* Says amortization of series 2006-1 notes will not result in capacity
reduction on any of its other borrowing arrangements
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says commercial fleet assets eligible for TALF
* Says pursuing alternative sources of potential funding
* Says will be unable to borrow additional amounts under Chesapeake vehicle
management asset-backed debt arrangement
* Says amortization of series 2006-1 notes will not result in breach of any
covenants
* Says amortization of series 2006-1 notes will not result in capacity
reduction on any of its other borrowing arrangements
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.