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.

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