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PFSI - PennyMac prices upsizes notes offering to $500M
PennyMac Financial Services Inc.
PennyMac Financial Services ([[PFSI]] -2.2%) prices its offering of $500M of 5.375% senior notes due 2025, boosted from the previously announced amount of $400M.Plans to use net proceeds for general corporate purposes, which may include the repayment of its existing secured warehouse borrowings.The offering is expected to close on Sept. 29, 2020.See PFSI's net debt issued/repaid over the past nine years: