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AI brief of an SEC Form 8-K · PennyMac Mortgage Investment Trust (PMT)

PennyMac Mortgage Investment Trust adds $1 billion Citibank repurchase facility

Neutral Impact 3 of 5 financing Written later

PennyMac Mortgage Investment Trust, through indirect subsidiaries, entered into a new Series 2024-VF2 variable funding note with Citibank on December 20, 2024. The note supports the structured finance transaction that PennyMac Corp. uses to finance Fannie Mae mortgage servicing rights and related assets. The filing shows a maximum principal balance of $1 billion and an aggregate committed amount of $500 million, which adds borrowing capacity tied to the company's servicing portfolio.

Key points

  • Series 2024-VF2 Note with Citibank, N.A., dated December 20, 2024
  • Maximum principal balance of $1 billion; aggregate committed amount of $500 million
  • Initial term set to expire on June 26, 2026
  • Note is pari passu with other variable funding notes, term notes, and term loans in the structured finance transaction

The filing

CompanyPennyMac Mortgage Investment Trust (PMT)
Form8-K, current report
Filed with the SECDec 23, 2024, 5:16 PM ET
Accession number0001193125-24-284302

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.