Pennymac plans to use the proceeds from its offering to repay borrowings under secured MSR facilities and for general corporate purposes, contingent upon market conditions. In May, the company issued $850 million in debt that matures in 2032, using the funds to redeem senior notes due in October 2025 at a 5.375% interest rate. As of June 30, it had a debt-to-equity ratio of 3.4x, with significant amounts of unsecured debt and secured financing.
Pennymac plans to use proceeds from its offering to repay borrowings under secured MSR facilities and other secured indebtedness. The offering is contingent upon market conditions.
PennyMac issued $850 million in debt maturing in 2032, utilizing the funds to redeem senior notes at a 5.375% interest rate due in October 2025.
As of June 30, Pennymac's debt-to-equity ratio was 3.4x, slightly below its target of 3.5x, affected by fluctuations in the origination environment.
UWM's CFO indicated plans to refinance $800 million in unsecured notes due in November 2025, evaluating opportunistic refinancing following prior debt offerings.
Collection
[
|
...
]