---
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"
generated_at: "2026-05-16T13:02:30.863498+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PennyMac subsidiary issues $75M of 8.500% Exchangeable Notes due 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-319522
- JSON: https://secwatch.observer/filing/0001193125-25-319522.json
- Plain text: https://secwatch.observer/filing/0001193125-25-319522.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $75 million aggregate principal amount
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Rate: 8.500%
  - Maturity: June 1, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464423/000119312525319522/0001193125-25-319522-index.htm

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