Pennymac raises $750M in unsecured debt
Housing Wire
DECEMBER 7, 2023
The new debt, with maturity in December 2029, will bear a higher interest rate at 7.875% annually. Besides the new notes issued this week, the company has $650 million at 4.250% due in 2029 and $500 million at 5.750% with maturity in 2031. The debt being replaced has maturity in 2025 and a 5.357% interest rate. A total of $1.8
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