PennyMac Mortgage Investment Trust filed a shelf registration for the sale of an unspecified amount of securities that it may offer from time to time.
The securities include common shares, preferred shares and warrants.
Net proceeds from the offering will be used for general corporate purposes, including funding of investment activity, repayment of indebtedness and working capital.
PennyMac, through its subsidiaries, amended its master repurchase agreements with Citibank NA. Changes in each agreement include the extension of the termination date to June 7, 2019, the increase in the maximum aggregate purchase price to $900 million from $700 million and the increase in the committed portion to $650 million from $450 million.