secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001104659-23-019713
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennyMac enters two $300M GS repurchase agreements for Ginnie Mae MSR and servicing advance financing
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- New GS Servicing Spread Agreement and GS SAR Agreement each have $300M maximum purchase price, expiring May 31, 2024.
- Aggregate outstanding with GS capped at $400M across repurchase agreements and credit facilities.
- PLS must maintain $50M minimum outstanding under GS Servicing Spread Agreement; cross-collateralization with other facilities.
- Amendments to existing agreements require pro rata draws on the Syndicated GMSR SAR Agreement and GS SAR Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465923019713/0001104659-23-019713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465923019713/tm236461d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-019713

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