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PennyMac Mortgage Investment Trust prices equity offering

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

PennyMac Mortgage Investment Trust (NYSE:PMT) prices public offering of 8M common shares for total gross proceeds of ~$177M or ~$203M if the underwriters exercise the option to purchase additional 1.2M common shares.

Closing date is December 13, 2019.

Net proceeds will be used for general corporate purposes, including funding its investment activity as well as the repayment of indebtedness and working capital.

PMT -2.5% after hours to $22.19

Source: Press Release

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