PFSI Debt offering

PennyMac Financial Services, Inc. Announces Pricing of Private Offering of $650 Million of Senior Notes

Published August 07, 2025 at 09:13 PM

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company” or “PennyMac Financial”) today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 6.750% Senior Notes due 2034 (the “Notes”). The Notes will bear interest at 6.750% per annum and will mature on February 15, 2034. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning o

Related Questions

Are there any redemption features or call options embedded in the notes? How does the 6.750% coupon compare to current market rates for similar senior notes? How does this issuance compare to recent debt offerings by comparable mortgage lenders? What is the expected demand and pricing spread relative to the prior public offering of these notes? Will the notes be secured or unsecured, and what collateral, if any, is pledged? How will the semi‑annual interest payments affect cash flow and earnings per share? What is the impact on PennyMac's debt-to-equity and leverage ratios? What is the intended use of the $650 million in proceeds and how will it affect the company's balance sheet? Will the offering trigger any covenants or restrictions that could affect future financing? How will this debt issuance impact the company's weighted average cost of capital (WACC)? What is the current credit rating of the senior notes and any anticipated rating changes? What market reaction (price, volume, spread) is anticipated following the pricing announcement?