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PennyMac subsidiary to repay revolver with new note offering proceeds
By Tali Rackner
Norfolk, Va., May 16 – PennyMac Financial Services, Inc. subsidiary Private National Mortgage Acceptance Co., LLC plans to repay amounts borrowed under its revolving credit facility with the proceeds from a $300 million senior note offering, according to a press release.
Proceeds will also be used for general corporate purposes.
PennyMac is a specialty financial services firm based in Moorpark, Calif.
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