---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-033474"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:38:31.289493+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PennyMac replaces Credit Suisse with Atlas SP on credit facilities; no SVB/Signature exposure

## Summary
- Credit facilities from Credit Suisse First Boston and Alpine assigned to Atlas Securitized Products, L.P. and affiliates.
- PNMAC reaffirmed its guarantees of obligations under the credit facilities; no change to other terms.
- Company disclosed its corporate cash accounts held with large global money center banks; no deposits at Silicon Valley Bank, Silvergate, or Signature Bank.
- Client funds held in insured deposit accounts at a mix of large global money center and regional banks.

## SEC filing metadata
- accession: 0001104659-23-033474
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465923033474/0001104659-23-033474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465923033474/tm239806d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-033474
- JSON: https://secwatch.observer/filing/0001104659-23-033474.json
- Plain text: https://secwatch.observer/filing/0001104659-23-033474.txt

## Key facts
- Material Agreements
  PennyMac Financial Services, Inc. entered into a credit facility with Atlas Securitized Products, L.P., Atlas Securitized Products Investments 3, L.P., Atlas Securitized Products Funding 2, L.P., and Nexera Holding LLC (effective 2023-03-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Atlas Securitized Products, L.P., Atlas Securitized Products Investments 3, L.P., Atlas Securitized Products Funding 2, L.P., and Nexera Holding LLC
  - Effective: 2023-03-16
  source text: On March 16, 2023, PennyMac Financial Services, Inc. (the "Company"), through its direct, wholly-owned subsidiary, Private National Mortgage Acceptance Company, LLC (“PNMAC”) and two of its indirect, wholly-owned subsidiaries, PNMAC GMSR ISSUER TRUST (“Issuer Trust”) and PennyMac Loan Services, LLC (“PLS"), consented to assignments of all of the credit facilities provided to the Company by Credit Suisse First Boston Mortgage Capital LLC, as administrative agent (“CSFB") and Credit Suisse AG, Cayman Islands Branch, as a buyer or purchaser (“CSCIB”), and Alpine Securitization LTD, as a buyer or purchaser (“Alpine").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923033474/0001104659-23-033474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.