PennyMac Mortgage Investment Trust issues $305M secured term notes (2022-FT1) at SOFR+4.19%

PennyMac Mortgage Investment Trust

Issued $305M aggregate principal of secured term notes (2022-FT1) via subsidiary PMT ISSUER TRUST - FMSR.
Notes bear interest at 30-day SOFR + 4.19% per annum, payable monthly beginning July 2022.
Maturity June 25, 2027, extendable to 2028 or 2029; rated BBB- by Kroll Bond Rating Agency.
Secured by Fannie Mae mortgage servicing rights and excess servicing spread.

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