PennyMac Financial prices $850M 6.875% senior notes due 2032, upsized from $650M

PennyMac Financial Services, Inc.

Offering upsized to $850M from previously announced $650M.
Notes bear 6.875% interest, mature May 15, 2032; semi-annual payments from Nov 15, 2025.
Proceeds to redeem 5.375% senior notes due Oct 2025 and repay MSR facility borrowings.
Offering expected to close May 8, 2025; fully guaranteed by certain domestic subsidiaries.
Private placement to QIBs under Rule 144A and to non-U.S. persons under Reg S.

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