08:18 AM EST, 02/04/2025 (MT Newswires) -- PennyMac Financial Services ( PFSI ) said Tuesday it plans to offer $650 million in senior notes due 2033.

Proceeds from the offering will be used to repay certain debt, including borrowings under secured MSR facilities, repurchase a portion of its 5.375% senior notes due October 2025, and for general corporate purposes, the residential mortgage company said.

PFSI shares were 1.2% lower in recent premarket activity.