PFSI - Mergers and acquisitions

PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 7.125% Senior Notes due 2030 (the "Notes"). The Notes will bear interest at 7.125% per annum and will mature on November 15, 2030. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024. 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 will be used to repay bo

PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2030 (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 will be used to repay borrowings under our secured MSR facilities, other secured indebtedness, and for other general corporate purposes. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to

PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced the pricing of its previously announced offering of $750 million aggregate principal amount of 7.875% Senior Notes due 2029 (the "Notes"). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 7.875% per annum and will mature on December 15, 2029. Interest on the Notes will be payable semi-annually on June 15 and December 15 of each year, beginning on June 15, 2024. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future who

PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2029 (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 will be used to repay a portion of the Company's secured term notes due 2025 and for other general corporate purposes. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institut

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $14.2 million, or $0.16 per common share on a diluted basis for the second quarter of 2023, on net investment income of $90.5 million. PMT previously announced a cash dividend for the second quarter of 2023 of $0.40 per common share of beneficial interest, which was declared on June 9, 2023, and will be paid on July 28, 2023, to common shareholders of record as of July 14, 2023. Second Quarter 2023 Highlights Financial results: Net income attributable to common shareholders of $14.2 million, compared to net income of $50.2 million in the prior quarter Strong performance fr

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $50.2 million, or $0.50 per common share on a diluted basis for the first quarter of 2023, on net investment income of $90.4 million. PMT previously announced a cash dividend for the first quarter of 2023 of $0.40 per common share of beneficial interest, which was declared on March 15, 2023, and will be paid on April 28, 2023, to common shareholders of record as of April 14, 2023. First Quarter 2023 Highlights Financial results: Net income attributable to common shareholders of $50.2 million, compared to a net loss of $5.8 million in the prior quarter Strong performance fr

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $5.8 million, or $(0.07) per common share on a diluted basis for the fourth quarter of 2022, on net investment income of $49.4 million. PMT previously announced a cash dividend for the fourth quarter of 2022 of $0.40 per common share of beneficial interest, which was declared on December 7, 2022 and paid on January 27, 2023 to common shareholders of record as of December 30, 2022. Fourth Quarter 2022 Highlights Financial results: Net loss attributable to common shareholders of $5.8 million, compared to net income of $1.5 million in the prior quarter Solid income excluding the

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $1.5 million, or $0.01 per common share on a diluted basis for the third quarter of 2022, on net investment income of $151.1 million. PMT previously announced a cash dividend for the third quarter of 2022 of $0.47 per common share of beneficial interest, which was declared on September 21, 2022 and paid on October 28, 2022 to common shareholders of record as of October 14, 2022. PMT's Board of Trustees also approved an increase to its share repurchase authorization from $400 million to $500 million of outstanding common shares. Third Quarter 2022 Highlights Financial results:

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $81.2 million, or $(0.88) per common share on a diluted basis for the second quarter of 2022, on net investment income of $21.5 million. PMT previously announced a cash dividend for the second quarter of 2022 of $0.47 per common share of beneficial interest, which was declared on June 2, 2022 and paid on July 28, 2022 to common shareholders of record as of July 14, 2022. Second Quarter 2022 Highlights Financial results: Net loss attributable to common shareholders of $81.2 million, compared to a net loss of $29.6 million in the prior quarter Credit sensitive strategies impact

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $29.6 million, or $(0.32) per common share on a diluted basis for the first quarter of 2022, on net investment income of $81.8 million. PMT previously announced a cash dividend for the first quarter of 2022 of $0.47 per common share of beneficial interest, which was declared on March 4, 2022 and paid on April 28, 2022 to common shareholders of record as of April 15, 2022. First Quarter 2022 Highlights Financial results: Net loss attributable to common shareholders of $29.6 million, compared to a net loss of $27.3 million in the prior quarter Credit sensitive strategies impact

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $27.3 million, or $(0.28) per common share on a diluted basis for the fourth quarter of 2021, on net investment income of $49.5 million. PMT previously announced a cash dividend for the fourth quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on December 7, 2021 and paid on January 31, 2022 to common shareholders of record as of December 31, 2021. Fourth Quarter 2021 Highlights Financial results: Net loss attributable to common shareholders of $27.3 million, compared to a net loss of $43.9 million in the prior quarter Interest rate sensitive

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $43.9 million, or $(0.45) per common share on a diluted basis for the third quarter of 2021, on net investment income of $47.9 million. PMT previously announced a cash dividend for the third quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on September 21, 2021 and paid on October 28, 2021 to common shareholders of record as of October 15, 2021. Third Quarter 2021 Highlights Financial results: Net loss attributable to common shareholders of $43.9 million, down from net income of $31.9 million in the prior quarter Strong performance of gover

PennyMac Financial Services, Inc. (NYSE:PFSI) (the "Company") today announced the pricing of its offering of $500 million aggregate principal amount of 5.750% Senior Notes due 2031 (the "Notes"). The Notes will bear interest at 5.750% per annum and will mature on September 15, 2031. Interest on the Notes will be payable semi-annually on March 15 and September 15 of each year, beginning on March 15, 2022. 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. The Company intends to use the net proceeds from this offering for general corporate purpose

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $31.9 million, or $0.32 per common share on a diluted basis for the second quarter of 2021, on net investment income of $121.6 million. PMT previously announced a cash dividend for the second quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on June 23, 2021 and paid on July 29, 2021 to common shareholders of record as of July 15, 2021. Second Quarter 2021 Highlights Financial results: Net income attributable to common shareholders of $31.9 million, down from $65.4 million in the prior quarter Strong correspondent segment results and perform

PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $65.4 million, or $0.67 per common share on a diluted basis for the first quarter of 2021, on net investment income of $201.4 million. PMT previously announced a cash dividend for the first quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on March 24, 2021 and paid on April 29, 2021 to common shareholders of record as of April 15, 2021. First Quarter 2021 Highlights Financial results: Net income attributable to common shareholders of $65.4 million, down from $76.6 million in the prior quarter Strong correspondent segment results and continu

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced the pricing of its offering of $650 million aggregate principal amount of 4.250% Senior Notes due 2029 (the “Notes”). The size of the offering was increased from the previously announced $500 million aggregate principal amount. The Notes will bear interest at 4.250% per annum and will mature on February 15, 2029. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on August 15, 2021. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly o

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it intends to offer $500 million aggregate principal amount of Senior Notes due 2029 (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. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company’s existing secured warehouse borrowings. The offering is subject to market conditions and other factors. The offering will

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $76.6 million, or $0.78 per common share on a diluted basis for the fourth quarter of 2020, on net investment income of $196.5 million. PMT previously announced a cash dividend for the fourth quarter of 2020 of $0.47 per common share of beneficial interest, which was declared on December 18, 2020 and paid on January 29, 2021 to common shareholders of record as of December 31, 2020. Fourth Quarter 2020 Highlights Financial results: Net income attributable to common shareholders of $76.6 million, down from $93.3 million in the p