PennyMac announces proposed private offering of $650M in senior notesPennyMac Financial Services announces a $650 million private offering of senior notes guaranteed on an unsecured senior basis.PennyMac reported a profit of $39 million in Q1 2024, attributing it to higher net gains on loans due to expanded direct-to-consumer channel.
Michael Saylor's MicroStrategy to Raise $600M to Buy More BitcoinMicroStrategy plans to raise $600 million through a private offering to acquire more bitcoin.The company's founder has been accumulating bitcoin since mid-2020, with a substantial holding of 193,000 tokens worth over $13 billion.