04:39 AM EST, 02/05/2025 (MT Newswires) -- PennyMac Financial Services ( PFSI ) said late Tuesday it has priced an offering of $850 million of 6.875% senior notes due 2033, up from the initial offering size of $650 million.

The company said the notes will mature on Feb. 15, 2033, with interest payable semi-annually starting this Aug. 15.

Proceeds from the offering, expected to close on Feb. 6, will be used to repay certain debts, including borrowings under secured MSR facilities and a portion of its 5.375% senior notes due October 2025, along with general corporate purposes, the company said.