trending Market Intelligence /marketintelligence/en/news-insights/trending/EDM9BrMREYh4dmEW5F6flw2 content esgSubNav
In This List

PennyMac Mortgage Investment Trust closes common stock offering

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


PennyMac Mortgage Investment Trust closes common stock offering

PennyMac Mortgage Investment Trust on Aug. 13 closed its common stock offering.

The real estate investment trust sold 8 million common shares at $21.53 apiece and the underwriters fully exercised their option to purchase up to an additional 1.2 million common shares. PennyMac received net proceeds of about $197.8 million from the offering.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BofA Securities Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were joint book-running managers and representatives of the underwriters. Piper Jaffray & Co. was the co-manager.