MOORPARK, Calif.--(BUSINESS WIRE)--
PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the
pricing of its initial public offering of 11,111,111 shares of its Class
A common stock at a price to the public of $18.00 per share. All of the
shares of Class A common stock are being offered by the Company. The
shares will be listed on the New York Stock Exchange and are expected to
begin trading under the ticker symbol “PFSI” beginning on May 9, 2013.
The underwriters also have a 30-day option to purchase up to an
additional 1,666,666 shares of Class A common stock from the Company at
the initial public offering price less the underwriting discount. The
offering is expected to close on May 14, 2013.
Citigroup Global Markets, Inc., BofA Merrill Lynch, Credit Suisse
Securities (USA) LLC and Goldman, Sachs & Co. are acting as joint
book-running managers for the offering. Barclays Capital Inc., J.P.
Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo
Securities, LLC are acting as co-managers for the offering.
The offering of these securities is being made only by means of a
prospectus, copies of which may be obtained from the offices of:
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 (tel: 800-831-9146), or by email: BATProspectusdept@citi.com;
BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New
York, NY 10038, or by email: dg.prospectus_requests@baml.com;
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
One Madison Avenue, New York, NY 10010 (tel: (800) 221-1037), or by
e-mail: newyork.prospectus@credit-suisse.com;
or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New
York, NY 10282 (tel: 866-471-2526, fax: 212-902-9316), or by email: prospectus-ny@ny.email.gs.com.
A registration statement relating to the shares of Class A common stock
has been filed with, and declared effective by, the Securities and
Exchange Commission. This press release does not constitute an offer to
sell, or the solicitation of an offer to buy the securities described
above, nor shall there be any sale of securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction.
About PennyMac Financial Services, Inc.
PennyMac Financial Services, Inc. is a specialty financial services firm
with a comprehensive mortgage platform and integrated business focused
on the production and servicing of U.S. residential mortgage loans and
the management of investments related to the U.S. residential mortgage
market. PennyMac Financial Services, Inc. is headquartered in Moorpark,
California.
Forward-Looking Statements
This press release contains forward-looking statements. You should not
place undue reliance on those statements because they are subject to
numerous uncertainties and factors relating to the Company's operations
and business environment, all of which are difficult to predict and many
of which are beyond the Company's control.
PennyMac Financial Services, Inc.
Media
Kevin
Chamberlain
(818) 746-2877
or
Investors
Christopher
Oltmann
(818) 746-2046
Source: PennyMac Financial Services, Inc.