PennyMac Financial Services, Inc. (PFSI): debt financing — PennyMac closes $850M 6.875% Senior Notes due 2033 offering

PennyMac Financial Services, Inc.

$850M aggregate principal of 6.875% Senior Notes due 2033 closed on Feb 6, 2025.
Interest payable semi-annually starting Aug 15, 2025; mature Feb 15, 2033.
Proceeds to repay secured MSR facility borrowings and repurchase/repay portion of 5.375% senior notes due Oct 2025.
Notes are senior unsecured, guaranteed by domestic subsidiaries; redeemable at make-whole premium before Feb 2028.
Issuer may redeem up to 40% of notes with equity offering proceeds at 106.875% before Feb 2028.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PennyMac Financial Services, Inc. incurred senior notes of $850,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.875% per year maturing February 15, 2033.

Instrument: senior notes
Principal: $850,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.875% per year
Maturity: February 15, 2033
Event: incurrence

Exact text from the filing

On February 6, 2025 (the “Closing Date”), PennyMac Financial Services, Inc. (the “Issuer” and, together with its subsidiaries, the “Company”) closed the previously announced offering (the “Offering”) of $850,000,000 aggregate principal amount of the Issuer’s 6.875% Senior Notes due 2033 (the “Notes”).

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PennyMac Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-010114

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