---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-072746"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T11:28:08.589914+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PennyMac Mortgage enters $2B structured note facility with Goldman Sachs; $375M committed

## Summary
- Series 2024-VF1 Note: max principal balance $2B, aggregate committed amount $375M.
- Initial 2-year term expires March 15, 2026; then amortizes over 12 months.
- Note is pari passu with existing variable funding notes and term loans in the structured finance transaction.
- PMT, PMC, and PMH guarantee PMC FMSR VFN Funding and PMH FMSR VFN Funding performance.
- Financing used for Fannie Mae mortgage servicing rights and related excess servicing spread and advance receivables.

## SEC filing metadata
- accession: 0001193125-24-072746
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464423/000119312524072746/0001193125-24-072746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000119312524072746/d776237d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-072746
- JSON: https://secwatch.observer/filing/0001193125-24-072746.json
- Plain text: https://secwatch.observer/filing/0001193125-24-072746.txt

## Key facts
- Debt Financings
  PennyMac Mortgage Investment Trust incurred credit facility of $2 billion with Goldman Sachs Bank, USA maturing March 15, 2026.
  - Instrument: credit facility
  - Principal: $2 billion
  - Counterparty: Goldman Sachs Bank, USA
  - Maturity: March 15, 2026
  - Event: incurrence
  source text: to expire on March 15, 2026, at which point the Series 2024-VF1 Note amortizes over 12 months prior to termination. The maximum principal balance of the Series 2024-VF1 Note is $2 billion and the aggregate committed amount is $375 million. The Series 2024-VF1 Note is pari passu with the other variable funding notes, term notes, and term loans previously issued as
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312524072746/0001193125-24-072746-index.htm
- Material Agreements
  PennyMac Mortgage Investment Trust entered into Series 2024-VF1 Note with Goldman Sachs Bank, USA valued at $375 million (effective 2024-03-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Goldman Sachs Bank, USA
  - Value: $375 million
  - Effective: 2024-03-15
  source text: On March 15, 2024, PennyMac Mortgage Investment Trust (the “Company”), through four of its indirect, wholly owned subsidiaries, PMT ISSUER TRUST—FMSR (“Issuer Trust”), PMT CO-ISSUER TRUST I—FMSR (“Co-Issuer Trust”), PennyMac Corp. (“PMC”), and PennyMac Holdings, LLC, (“PMH”) entered into a Series 2024-VF1 Note with Goldman Sachs Bank, USA (“Goldman”), as part of the structured finance transaction that PMC uses to finance Fannie Mae mortgage servicing rights and related excess servicing spread and servicing advance receivables.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312524072746/0001193125-24-072746-index.htm

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