---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-046123"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:59:57.236082+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PennyMac Financial closes $850M 6.875% senior notes offering due 2032

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-25-046123
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465925046123/0001104659-25-046123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465925046123/tm2514376d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-046123
- JSON: https://secwatch.observer/filing/0001104659-25-046123.json
- Plain text: https://secwatch.observer/filing/0001104659-25-046123.txt

## Key facts
- Debt Financings
  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
  source text: “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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465925046123/0001104659-25-046123-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.