PennyMac Mortgage Investment Trust (PMT): debt financing — PMT closes $172.5M offering of 9.00% Senior Notes due 2030

PennyMac Mortgage Investment Trust

$172.5M aggregate principal of 9.00% Senior Notes due 2030 issued; includes full exercise of $22.5M over-allotment.
Notes pay interest quarterly starting May 15, 2025; mature Feb 15, 2030; redeemable at par on or after Feb 15, 2027.
Notes are unsecured, rank equally with existing unsecured debt; guaranteed by PennyMac Corp.
Notes approved for listing on NYSE under symbol PMTV; trading expected within 30 days.

Key facts

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 senior notes of $172,500,000 with The Bank of New York Mellon Trust Company, N.A. at 9.00% per annum maturing February 15, 2030.

Instrument: senior notes
Principal: $172,500,000
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 9.00% per annum
Maturity: February 15, 2030
Event: incurrence

Exact text from the filing

On February 11, 2025, PennyMac Mortgage Investment Trust (the “Company”) closed an underwritten public offering and sale of $172,500,000 aggregate principal amount of its 9.00% Senior Notes due 2030 (the “Notes”), including $22,500,000 aggregate principal amount of Notes issued pursuant to the exercise in full by the Underwriters (as defined below) of the over-allotment option granted pursuant to the terms of the Underwriting Agreement (as defined below).

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PennyMac Mortgage Investment Trust filing history →

Source: SEC EDGAR

accession 0001193125-25-024373

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