{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-319522","form_type":"8-K","ticker":"PMT","cik":"0001464423","company_name":"PennyMac Mortgage Investment Trust","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.456650+00:00","generated_at":"2026-05-16T13:02:30.863498+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"PennyMac subsidiary issues $75M of 8.500% Exchangeable Notes due 2029","bullets":["Issued $75M aggregate principal of 8.500% Exchangeable Senior Notes due 2029 as a reopening; total outstanding now $291.5M.","Net proceeds of ~$75.5M to repay secured MSR facility borrowings and repurchase/repay 5.50% Exchangeable Notes due 2026.","Notes mature June 1, 2029; interest 8.5% payable semiannually; exchangeable into PMT common shares at $15.79 per share.","Notes are senior unsecured obligations of subsidiary, fully and unconditionally guaranteed by PMT; no redemption prior to maturity."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-319522","json":"https://secwatch.observer/filing/0001193125-25-319522.json","markdown":"https://secwatch.observer/filing/0001193125-25-319522.md","text":"https://secwatch.observer/filing/0001193125-25-319522.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464423/000119312525319522/0001193125-25-319522-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464423/000119312525319522/d92077d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:02:30.863498+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e266de214e139f6eb09f64ea8484f521ba7b560b","claim":"PennyMac Mortgage Investment Trust incurred convertible notes of $75 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 8.500% maturing June 1, 2029.","evidence_excerpt":"On December 15, 2025, PennyMac Corp. (the “Issuer”), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (the “Company”), issued $75 million aggregate principal amount of the Issuer’s 8.500% Exchangeable Senior Notes due 2029 (the “2029 Exchangeable Notes”) in a direct placement registered under the Securities Act of 1933, as amended, pursuant to securities purchase agreements with the respective investors named therein (the “Offering”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464423/000119312525319522/0001193125-25-319522-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$75 million aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Rate","value":"8.500%"},{"label":"Maturity","value":"June 1, 2029"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}