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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 9/18/2023 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

PennyMac may redeem part of 5.5% exchangeable notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Sept. 18 – PennyMac Mortgage Investment Trust may use some of the proceeds from new senior notes due 2028 to partially redeem indirect wholly owned subsidiary PennyMac Corp.’s 5.5% exchangeable notes due 2024, according to a 424B5 filing with the Securities and Exchange Commission.

As of Sept. 12, the company had $210 million aggregate principal amount of the 2024 notes outstanding.

The real estate investment trust is based in Westlake Village, Calif.


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