---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-031921"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:42:57.135062+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PennyMac Financial issues $425M secured term notes (2024-GT1) at SOFR+3.20%

## Summary
- $425M aggregate principal of secured term notes issued via subsidiary trust; rated BBB by Kroll.
- Notes bear interest at 30-day average SOFR plus 3.20% per annum, payable monthly.
- Stated maturity March 25, 2029, with optional one-year extensions to 2030 or 2031.
- Collateral: participation certificates in Ginnie Mae mortgage servicing rights and excess servicing spread.
- Notes rank pari passu with existing secured term notes; proceeds support MSR financing.

## SEC filing metadata
- accession: 0001104659-24-031921
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465924031921/0001104659-24-031921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465924031921/tm248207d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031921
- JSON: https://secwatch.observer/filing/0001104659-24-031921.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031921.txt

## Key facts
- Material Agreements
  PennyMac Financial Services, Inc. entered into Series 2024-GT1 indenture supplement with qualified institutional buyers valued at $425 million (effective 2024-02-29).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: qualified institutional buyers
  - Value: $425 million
  - Effective: 2024-02-29
  source text: On February 29, 2024, PennyMac Financial Services, Inc. (the “Company”), through its indirect subsidiary, PNMAC GMSR ISSUER TRUST (the “Issuer Trust”), issued an aggregate principal amount of $425 million in secured term notes (the “2024-GT1 Notes”) to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924031921/0001104659-24-031921-index.htm

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