Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PennyMac Mortgage Investment Trust incurred credit facility of $150,000,000 with Barclays Bank PLC at a spread above the one-month term Secured Overnight Financing Rate maturing August 9, 2025.
- Instrument
- credit facility
- Principal
- $150,000,000
- Counterparty
- Barclays Bank PLC
- Rate
- a spread above the one-month term Secured Overnight Financing Rate
- Maturity
- August 9, 2025
- Event
- incurrence
Exact text from the filing
The initial maximum principal amount of the Series 2023-VF1 Note is $150,000,000, which is fully committed. During the revolving term of the Series 2023-VF1 Note, PMC is required to repay the purchasers monthly for accrued interest (at a rate reflective of the current market based on a spread above the one-month term Secured Overnight Financing Rate).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PennyMac Mortgage Investment Trust entered into Indenture with Citibank, N.A. and Barclays Bank PLC valued at $150,000,000 (effective 2023-08-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citibank, N.A. and Barclays Bank PLC
- Value
- $150,000,000
- Effective
- 2023-08-10
Exact text from the filing
On August 10, 2023, PennyMac Mortgage Investment Trust (the “Company”), through three of its indirect, wholly owned subsidiaries, PMT ISSUER TRUST - FHLMC SAF (“Issuer Trust”), PMT SAF Funding, LLC (“Depositor”) and PennyMac Corp. (“PMC”), entered into a structured finance transaction that PMC will use to finance Freddie Mac servicing advance receivables. The Company entered into (i) an Indenture by and among Issuer Trust, as issuer, PMC, as administrator and servicer, Citibank, N.A., as indenture trustee (“Citibank”), calculation agent, paying agent, custodian and securities intermediary, and Barclays Bank PLC, as administrative agent (“Barclays”), dated August 10, 2023 (“Indenture”),
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