PennyMac Mortgage Investment Trust Form 8-K Filing

On December 22, 2025, PennyMac Corp., a subsidiary of PennyMac Mortgage Investment Trust, issued an additional $75 million in aggregate principal amount of its 8.500% Exchangeable Senior Notes due 2029. These notes are a further reopening of previously issued notes, bringing the total outstanding principal amount to $366,500,000. The net proceeds of approximately $75.6 million will be used for repaying borrowings under certain facilities, repurchasing or repaying existing 5.50% Exchangeable Senior Notes due 2026, and for general business purposes. The notes mature on June 1, 2029, bear interest at 8.500% per year, payable semi-annually, and are guaranteed by the Company. The exchange rate is initially set at 63.3332 Common Shares per $1,000 principal amount, equivalent to an initial exchange price of approximately $15.79 per share. The notes are senior unsecured obligations of the Issuer, guaranteed by the Company as a senior unsecured obligation.