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PennyMac Mortgage Investment Trust Prices Reopening of $75 Million of 8.500% Exchangeable Senior Notes Due 2029
Businesswire· 2025-12-11 22:07
Core Viewpoint - PennyMac Mortgage Investment Trust has announced the pricing of $75 million in 8.500% Exchangeable Senior Notes due 2029, indicating a strategic move to raise capital through a direct placement [1] Group 1: Company Actions - The company’s indirect wholly-owned subsidiary, PennyMac Corp., is responsible for the offering of the Notes [1] - The offering is registered under the Securities Act of 1933, reflecting compliance with regulatory requirements [1] Group 2: Financial Details - The total principal amount of the offering is $75 million, which highlights the scale of the capital-raising effort [1] - The Notes carry an interest rate of 8.500%, which may attract investors seeking higher yields [1] - The Notes are due in 2029, indicating a long-term financing strategy [1]