---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-215060"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:39:00.339183+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PennyMac ups FMSR financing facility by $215M to $370M, adds two lenders

## Summary
- Series 2023-FTL1 Loan note balance increased from $155M to $370M via joinder of Veritex Community Bank ($65M) and Western Alliance Bank ($150M).
- Five-year term expires May 25, 2028, with one-year optional extension; facility backs Fannie Mae mortgage servicing rights and related receivables.
- New lender breakdown: First Foundation $30M, NexBank $75M, Texas Capital $50M, Veritex $65M, Western Alliance $150M.
- Concurrent amendment to base indenture (Amendment No. 7) updates terms to accommodate the additional lenders.

## SEC filing metadata
- accession: 0001193125-23-215060
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2023-08-17T23:59:59+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/1464423/000119312523215060/0001193125-23-215060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000119312523215060/d484762d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-215060
- JSON: https://secwatch.observer/filing/0001193125-23-215060.json
- Plain text: https://secwatch.observer/filing/0001193125-23-215060.txt

## Key facts
- Debt Financings
  PennyMac Mortgage Investment Trust amended credit facility of $215 million to $370 million with Citibank, N.A. maturing May 25, 2028.
  - Instrument: credit facility
  - Principal: $215 million to $370 million
  - Counterparty: Citibank, N.A.
  - Maturity: May 25, 2028
  - Event: amendment
  source text: The note balance of the Series 2023-FTL1 Loan is increased by $215 million to $370 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312523215060/0001193125-23-215060-index.htm
- Material Agreements
  PennyMac Mortgage Investment Trust amended amendment no. 1 and joinder with Issuer Trust, PMC, Citibank, N.A., Atlas Securitized Products, L.P. valued at note balance ... increased by $215 million to $370 million (effective 2023-08-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Issuer Trust, PMC, Citibank, N.A., Atlas Securitized Products, L.P.
  - Value: note balance ... increased by $215 million to $370 million
  - Effective: 2023-08-16
  source text: the Company entered into (i) an amendment no. 1 and joinder (“Joinder Amendment”) to the 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312523215060/0001193125-23-215060-index.htm

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