Pennymac to issue $650M in unsecured debt
Housing Wire
DECEMBER 6, 2023
The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. Lenders are raising more money to invest in their business, improve liquidity and increase the share of unsecured debt, which has no collateral, on their balance sheet. In total, $1.8
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