---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-158978"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:14:32.745755+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PennyMac Mortgage Investment Trust enters $155M Series 2023-FTL1 loan for Fannie Mae MSR financing

## Summary
- $155M initial note balance; 5-year term to May 25, 2028 with optional one-year extension.
- Loan is secured by Fannie Mae mortgage servicing rights and related excess servicing spread.
- Interest rate based on SOFR plus market spread; exact spread redacted from filing.
- Loan ranks pari passu with existing Series 2018-FT1, 2021-FT1, and 2022-FT1 term notes.
- PMC and Issuer Trust subject to customary reps, warranties, covenants; margin call and default provisions apply.

## SEC filing metadata
- accession: 0001193125-23-158978
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464423/000119312523158978/0001193125-23-158978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000119312523158978/d478172d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-158978
- JSON: https://secwatch.observer/filing/0001193125-23-158978.json
- Plain text: https://secwatch.observer/filing/0001193125-23-158978.txt

## Key facts
- Material Agreements
  PennyMac Mortgage Investment Trust entered into Series 2023-FTL1 Loan Agreement with Citibank, N.A., Atlas Securitized Products, L.P., and the syndicated lenders party thereto valued at $155 million (effective 2023-05-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., Atlas Securitized Products, L.P., and the syndicated lenders party thereto
  - Value: $155 million
  - Effective: 2023-05-25
  source text: The Company entered into (i) a Series 2023-FTL1 Indenture Supplement and Loan Agreement by and among Issuer Trust, as issuer, PMC, as administrator and servicer, Citibank, N.A., as indenture trustee (“Citibank”), calculation agent, paying agent and securities intermediary, Atlas Securitized Products, L.P., as administrative agent (“ASP”), and the syndicated lenders party thereto (the “Series 2023-FTL1 Loan Agreement”), related to the servicing spread
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312523158978/0001193125-23-158978-index.htm
- Material Agreements
  PennyMac Mortgage Investment Trust amended Indenture Amendment with Issuer Trust, Citibank, N.A., PMC, and ASP (effective 2023-05-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Issuer Trust, Citibank, N.A., PMC, and ASP
  - Effective: 2023-05-25
  source text: and (ii) an amendment no. 6, dated as of May 25, 2023, (the “Indenture Amendment”) to the base indenture, dated as of December 20, 2017 (the “Base Indenture”), by and among Issuer Trust, Citibank, as indenture trustee, calculation agent, paying agent and securities intermediary, PMC, as the servicer and administrator, and ASP, as administrative agent by assignment from Credit Suisse First Boston Mortgage Capital LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312523158978/0001193125-23-158978-index.htm

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