Pennymac Financial Services, Inc. (NYSE: PFSI) has announced its intention to offer $650 million aggregate principal amount of senior notes due 2034. The proceeds from this private offering will be used to repay borrowings under the company’s secured MSR facilities, other secured indebtedness, and for other general corporate purposes.
As of June 30, 2025, Pennymac Financial's production of newly originated loans totaled $134 billion in unpaid principal balance, solidifying its position as a top lender in the nation. Additionally, the company serviced loans totaling $700 billion in unpaid principal balance, further cementing its position as a top mortgage servicer in the nation.
These figures demonstrate a strong performance in comparison to the previous period, showcasing the company's continued growth and success in the U.S. residential mortgage industry. As a result of these announcements, the company's shares have moved -0.42% on the market, and are now trading at a price of $98.82. If you want to know more, read the company's complete 8-K report here.