PennyMac plans public offering of up to 7 million shares

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PennyMac plans public offering of up to 7 million shares

By Staff Report / Monday, February 11th, 2019 / Comments Off on PennyMac plans public offering of up to 7 million shares

Westlake Village residential mortgage investor PennyMac Mortgage Investment Trust announced plans Feb. 11 to offer 7 million shares of common stock on the public market to raise $145 million. Underwriters Credit Suisse, Bank of America Merrill Lynch, Deutsche Bank, Morgan Stanley and Goldman Sachs would also have the option to purchase up to 1.05 million…

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