WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Sep 13, 2021-- PennyMac Financial Services, Inc. (NYSE: PFSI) (the "Company") today announced the pricing of its offering of $500 million aggregate principal amount of 5.750% Senior Notes due 2031 (the "Notes"). The Notes will bear interest at 5.750% per annum and will mature on September 15, 2031. Interest on the Notes will be payable semi-annually on March 15 and September 15 of each year, beginning on March 15, 2022. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company's existing secured warehouse borrowings. The offering is expected to close on September 16, 2021, subject to customary closing conditions.