secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001193125-24-284302
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMT enters $500M committed MSR financing facility with Citibank, max $1B
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- Initial term expires June 26, 2026; maximum principal balance $1B, committed amount $500M.
- Facility secured by Fannie Mae mortgage servicing rights and related excess servicing spread and advance receivables.
- Issued through wholly owned subsidiaries: PMT Issuer Trust, Co-Issuer Trust, PennyMac Corp., and PennyMac Holdings.
- PMT, PMC, and PMH guarantee the performance of the borrowing entities under the repurchase agreement.
- Series 2024-VF2 Note ranks pari passu with other existing variable funding notes and term notes in the structured transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000119312524284302/0001193125-24-284302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000119312524284302/d871342d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-284302

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