PennyMac Mortgage Investment (PMT) prices a private offering of $200M in Exchange Senior Notes...

|About: PennyMac Mortgage Invest... (PMT)|By:, SA News Editor

PennyMac Mortgage Investment (PMT) prices a private offering of $200M in Exchange Senior Notes due in 2020. The coupon is 5.375% and the initial exchange rate of 33.5149 shares/$1K of principal is equivalent to $29.84/share, about 25% above last night's close. Shares fell 1.5% yesterday following announcement of the offering. (PR)