PennyMac greenshoe lifts 5.375% exchangeables due 2020 to $250 million

By Toni Weeks

San Luis Obispo, Calif., April 30 - Underwriters for PennyMac Corp.'s offering of 5.375% exchangeable senior notes due May 1, 2020 fully exercised their $50 million over-allotment option, lifting total proceeds to $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The company priced $200 million of the notes at par on April 24.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. were the joint bookrunners for the deal.

Calabasas, Calif.-based PennyMac is a real estate investment trust.

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