---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-147084"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:39:53.690734+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PMT subsidiary prices $200M 8.5% exchangeable senior notes due 2029

## Summary
- PennyMac Corp., a wholly-owned subsidiary, issued $200M of 8.500% Exchangeable Senior Notes due 2029.
- Initial exchange price of $15.79 per common share, a 15% premium over the $13.73 closing price on May 21, 2024.
- Net proceeds of approximately $195.3M; initial purchasers have a 13-day option for an additional $30M.
- Proceeds to fund MSR/CRT acquisitions, correspondent lending, debt repayment, and general business purposes.

## SEC filing metadata
- accession: 0001193125-24-147084
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464423/000119312524147084/0001193125-24-147084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000119312524147084/d840740d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-147084
- JSON: https://secwatch.observer/filing/0001193125-24-147084.json
- Plain text: https://secwatch.observer/filing/0001193125-24-147084.txt

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