MOORPARK, Calif.--(BUSINESS WIRE)--
PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today
announced that due to current market conditions, its direct and indirect
controlled subsidiaries, Private National Mortgage Acceptance Company,
LLC and PNMAC Finance Corporation, have postponed the previously
announced private offering of $300 million aggregate principal amount of
senior notes due 2021.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not constitute an
offer, solicitation or sale of any security in any jurisdiction in which
such offering, solicitation or sale would be unlawful.
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. mortgage loans and the
management of investments related to the U.S. mortgage market.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, regarding management’s beliefs, estimates, projections and
assumptions with respect to, among other things, the proposed terms of
the offering of the Notes and the use of proceeds therefrom. Words like
“believe,” “expect,” “anticipate,” “promise,” “plan,” and other
expressions or words of similar meanings, as well as future or
conditional verbs such as “will,” “would,” “should,” “could,” or “may”
are generally intended to identify forward-looking statements. Actual
results and operations for any future period may vary materially from
those projected herein and from past results discussed herein. Factors
which could cause actual results to differ materially from historical
results or those anticipated include, but are not limited to: the
Issuers’ ability to price and close the offering; the actual use of
proceeds therefrom; and other factors listed in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2015. You should not
place undue reliance on any forward-looking statement and should
consider all of the uncertainties and risks described above, as well as
those more fully discussed in reports and other documents filed by the
Company with the Securities and Exchange Commission from time to time.
The Company undertakes no obligation to publicly update or revise any
forward-looking statements or any other information contained herein,
and the statements made in this press release are current as of the date
of this release only.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160524006027/en/
PennyMac Financial Services, Inc.
Investors and Media
Christopher
Oltmann, 818-264-4907
Source: PennyMac Financial Services, Inc.