PennyMac Financial Services, Inc. (PFSI): debt financing — PennyMac Financial closes $850M 6.875% senior notes offering due 2032

PennyMac Financial Services, Inc.

$850M aggregate principal of 6.875% Senior Notes due May 15, 2032 issued on May 8, 2025.
Proceeds to redeem 5.375% senior notes due Oct 2025 and repay secured MSR borrowings.
Interest accrues from May 8, 2025, payable semi-annually on May 15 and Nov 15, starting Nov 15, 2025.
Notes are senior unsecured, guaranteed by domestic subsidiaries; subject to customary covenants.
Redeemable at make-whole prior to May 15, 2028; after that at declining prices.

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 May 15, 2032.

Instrument: senior notes
Principal: $850,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.875% per year
Maturity: May 15, 2032
Event: incurrence

Exact text from the filing

“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 2032 (the “Notes”). The Issuer sold the Notes to the initial purchasers in the Offering, which was exempt

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Source: SEC EDGAR

accession 0001104659-25-046123

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