secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001193125-25-319522
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000119312525319522/0001193125-25-319522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000119312525319522/d92077d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-319522

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