secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001104659-23-033474
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465923033474/0001104659-23-033474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465923033474/tm239806d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-033474

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