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

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company” or “PennyMac Financial”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2034 (the “Notes”). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering w