PennyMac Mortgage Investment Trust Raises $75 Million Through 8.5% Exchangeable Senior Notes Offering
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PennyMac Mortgage Investment Trust's subsidiary, PennyMac Corp., issued $75 million of 8.5% Exchangeable Senior Notes due 2029. The proceeds will repay borrowings, repurchase 5.5% notes due 2026, and for general purposes. The notes, issued under an SEC shelf registration, are non-redeemable before maturity. Holders can require repurchase under certain conditions. This summary is AI-generated and not financial advice.
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