MOORPARK, Calif.--(BUSINESS WIRE)--
PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that the
underwritten secondary public offering of 5,554,545 shares of its Class
A common stock by selling stockholder Fidelity Investments Charitable
Gift Fund has been priced at $16.50 per share. The offering is expected
to close on or about April 1, 2014, subject to customary closing
conditions. Citigroup Global Markets, Inc. is acting as the sole
book-running manager and sole underwriter for the offering. Citigroup
Global Markets, Inc. will have a 30-day option to purchase up to an
additional 555,455 shares of Class A common stock from the selling
stockholder. PennyMac Financial is not selling any shares in the
offering and the selling stockholder will receive all of the proceeds
from the offering.
The offering is being made pursuant to an effective shelf registration
statement that has been filed with the Securities and Exchange
Commission (the “SEC”). A prospectus supplement related specifically to
the offering has been filed with the SEC. Copies of the prospectus
supplement and the base prospectus relating to these shares are
available on the SEC’s website at http://www.sec.gov
and may be obtained from Citigroup Global Markets, Inc. by mail at
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 (tel: 800-831-9146) or by email at BATProspectusdept@citi.com.
This press release is neither an offer to sell nor a solicitation of an
offer to buy any shares of Class A common stock or any other security of
PennyMac Financial. There shall be no 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. The Company trades on the New York Stock Exchange under the
symbol "PFSI." Additional information about the Company is available at www.IR.PennyMacFinancial.com.
Investors and Media
PennyMac Financial Services, Inc.
Christopher
Oltmann, 818-746-2046
Source: PennyMac Financial Services, Inc.