PennyMac Financial Services (PFSI) said Tuesday it plans to offer $650 million in senior notes due 2033.
Proceeds from the offering will be used to repay certain debt, including borrowings under secured MSR facilities, repurchase a portion of its 5.375% senior notes due October 2025, and for general corporate purposes, the residential mortgage company said.
PFSI shares were 1.2% lower in recent premarket activity.
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