In a solid debt market for mortgage companies, PennyMac Financial Services announced on Thursday the issuance of $650 million in debt maturing in 2032, primarily to facilitate the redemption of notes that are due in October.

“Proceeds from the offering, together with cash on hand, will be used for the redemption of the Company’s 5.375% senior notes due October 2025,” PennyMac said in an 8-K filing with the Securities and Exchange Commission (SEC). “Any remaining proceeds will be used for other general corporate purposes.” 

The notes will be offered in a private placement to details ⇒

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