---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-124980"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T14:58:13.245644+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PennyMac closes $750M 7.875% Senior Notes due 2029 offering

## Summary
- Issued $750M aggregate principal of 7.875% Senior Notes due December 15, 2029.
- Interest payable semi-annually on June 15 and December 15, starting June 15, 2024.
- Proceeds to repay a portion of secured term notes due 2025 and for general corporate purposes.
- Notes are senior unsecured obligations, guaranteed by certain domestic subsidiaries.
- Prior to Dec 15, 2026, Issuer may redeem at make-whole premium; after at specified prices.

## SEC filing metadata
- accession: 0001104659-23-124980
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465923124980/0001104659-23-124980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465923124980/tm2332523d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-124980
- JSON: https://secwatch.observer/filing/0001104659-23-124980.json
- Plain text: https://secwatch.observer/filing/0001104659-23-124980.txt

## Key facts
- Debt Financings
  PennyMac Financial Services, Inc. incurred senior notes of $750,000,000 aggregate principal amount with initial purchasers at 7.875% per year maturing December 15, 2029.
  - Instrument: senior notes
  - Principal: $750,000,000 aggregate principal amount
  - Counterparty: initial purchasers
  - Rate: 7.875% per year
  - Maturity: December 15, 2029
  - Event: incurrence
  source text: On December 11, 2023 (the "Closing Date"), PennyMac Financial Services, Inc. (the "Issuer" and, together with its subsidiaries, the "Company") closed the previously announced offering (the "Offering") of $750,000,000 aggregate principal amount of the Issuer's 7.875% Senior Notes due 2029 (the "Notes").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923124980/0001104659-23-124980-index.htm
- Material Agreements
  PennyMac Financial Services, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $750,000,000 (effective 2023-12-11).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Value: $750,000,000
  - Effective: 2023-12-11
  source text: The Notes were issued pursuant to the Indenture, dated as of December 11, 2023 (the "Indenture"), among the Issuer, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923124980/0001104659-23-124980-index.htm

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