PennyMac Mortgage Investment Trust Prices Public Offering Of $50M Of Its 8.50% Senior Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
PennyMac Mortgage Investment Trust has priced a public offering of $50 million of its 8.50% senior notes due 2028.
September 19, 2023 | 4:38 am
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PennyMac Mortgage Investment Trust has priced a public offering of $50 million of its 8.50% senior notes due 2028.
The pricing of the public offering of its senior notes could potentially increase the liquidity of PennyMac Mortgage Investment Trust. However, it could also dilute the value of existing shares. The impact on the stock price is uncertain in the short term.
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