PennyMac Corp.,
plans to make a private offering of
$200 million aggregate principal amount of
its Exchangeable Senior Notes due 2026 (the Notes ). The initial purchasers
will have a 13-day option from the date of the offering to purchase up to an
additional
$30 million aggregate principal amount of Notes from
PennyMac Corp.
The net proceeds from the offering are intended to be used for PMT s general
business purposes, including funding the correspondent production and investment
activity of PMT and its subsidiaries, which may include investments in mortgage
servicing rights, as well as the repayment of indebtedness and working capital.
A copy of the press release is filed herewith as Exhibit 99.1 and is