PennyMac Mortgage Investment Trust, through three of its subsidiaries, PennyMac Corp., PennyMac Holdings LLC and PMT ISSUER TRUST—FMSR, amended a master repurchase agreement to add Citibank as a syndicated buyer of a new series of notes and increase the maximum aggregate purchase price provided for in the agreement.
The amendment of the master repurchase agreement dated as of Dec. 20, 2017, was entered into by the companies with Credit Suisse AG, Cayman Islands Branch and Citibank NA, as buyers, Credit Suisse First Boston Mortgage Capital LLC, as administrative agent to the buyers, and PennyMac Corp., as seller.
Citibank was added as a syndicated buyer of a new series 2017-VF1 note No. 2, dated June 29, replacing series 2017-VF1 note No. 1 dated Dec. 20, 2017.
Additionally, the maximum aggregate purchase price provided for in the agreement was increased from $375 million to $500 million.