PennyMac prices $850M 6.875% senior notes due 2033, upsized from $650M

PennyMac Financial Services, Inc.

Offering upsized from $650M to $850M aggregate principal amount.
Notes bear 6.875% interest, mature February 15, 2033; interest payable semi-annually.
Proceeds to repay secured MSR facility borrowings and repurchase/repay portion of 5.375% senior notes due Oct 2025.
Closing expected February 6, 2025, subject to customary conditions.
Notes are unsecured senior obligations, guaranteed by existing and future domestic subsidiaries.

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