09:11 AM EDT, 07/03/2024 (MT Newswires) -- PennyMac Mortgage Investment Trust ( PMT ) said Wednesday $355 million private offering of secured term notes through its PMT Issuer Trust - FSMR unit were priced at the secured overnight financing rate +2.75%.

The company said proceeds from the offering, which mature on Dec. 27, 2027, will be used to redeem $305 million of existing term notes, which were set to mature on June 25, 2027 and priced at SOFR +4.19%.

Most of the new notes were sold to PGIM Fixed Income, a unit of Prudential Financial ( PRU ) , according to PennyMac.

Price: 13.81, Change: +0.08, Percent Change: +0.58