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PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Oct 14, 2020–

PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it intends to offer an additional amount of its 5.375% Senior Notes due 2025 (such additional amount, the “New Notes”). The New Notes will be issued under the indenture governing the Company’s $500 million aggregate principal amount of 5.375% Senior Notes due 2025 issued on September 29, 2020 (the “Existing Notes”). The New Notes, if issued, will be treated as a single series with the Existing Notes and will have the same terms as the Existing Notes, other than with respect to the date of issuance and the issue price.

The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company’s existing secured warehouse borrowings. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

The New Notes have not been and are not expected to be registered under the Securities Act or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons absent an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

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.

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How Can Senior Drivers Get Cheaper Car Insurance Rates

How Can Senior Drivers Get Cheaper Car Insurance Rates

Press release content from Accesswire. The AP news staff was not involved in its creation.

LOS ANGELES, CA / ACCESSWIRE / October 10, 2020 / Compare-autoinsurance.org ( https://compare-autoinsurance.org ) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website offers car insurance info about different coverage types, available discounts, and money-saving tips.

Age is a very influential factor when determining insurance costs. Seniors, like teen drivers, are considered high-risk drivers. But the reasons are different. However, the elderly can still find ways to lower insurance premiums. Follow the next tips:

  • Take a driving class. Graduating a defensive driving course will help to secure a discount. These classes are don’t cost much and can be offered in-person in a classroom, or you can stream them online. In these driving courses, senior citizens will find out how aging and medication affect their ability to drive and how to deal with certain age-related conditions.
  • Install anti-theft devices. On the market, there are multiple types of devices that will make your vehicle safer against the thieves. Electronic alarms, ignition kill switches, GPS tracking systems, steering wheel locks, electronic immobilizers, and many other safety devices will help drivers acquire a discount.
  • Buy a cheaper car. The vehicle brand, model, and year of production are all important factors that determine the price of a policy. The cheapest vehicles to insure are slightly used SUVs, minivans, and crossovers. Also, look for models that have safety features installed.
  • Join a UBI program. Allow the insurer to install a small telematics device inside the vehicle. This device will record mileage, sudden changes in speed, hard braking, cornering, and the time of day when the vehicle is driven. The insurer will customize the price
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Erie Insurance Announces Senior Leadership Changes

Erie Insurance Announces Senior Leadership Changes

Claims SVP Chris Zimmer to retire in January 2021

Cody Cook to become SVP, Claims

Ruben Fechner to become SVP, Personal Products

David Edgerton to be promoted to SVP, Information Technology

ERIE, Pa., Oct. 8, 2020 /PRNewswire/ — Erie Insurance (NASDAQ: ERIE) today announced a series of senior leadership changes within the Claims, Sales & Products and Information Technology divisions.


Erie Insurance. (PRNewsFoto/Erie Insurance) (PRNewsfoto/Erie Insurance)

The organizational changes are in conjunction with the January 2021 retirement of Chris Zimmer, senior vice president, Claims. Zimmer has been with Erie Insurance for 29 years in a variety of leadership roles.

Cody Cook will succeed Zimmer in the role of senior vice president, Claims. Cook has been ERIE’s senior vice president, Personal Products, since 2017. He previously served as vice president, Private Passenger Auto, for seven years. He started at ERIE in 2003 as an actuary and was promoted to supervisor of the Pricing and Modeling section in 2009.

Ruben Fechner will become senior vice president, Personal Products. Fechner joined ERIE in 2013 as senior vice president, Business Application & Support, Information Technology. He previously worked for The Hartford, where his most recent role was vice president of Commercial, Sales and Distribution Technology. He began his career at USAA, where he held a variety of leadership and technology roles over a 20-year period.

David Edgerton will be promoted to senior vice president, Information Technology. Edgerton has been vice president of Personal Lines Technology since 2018. He came to ERIE in 2014 as an IT delivery manager and was promoted to IT director in the Finance area in 2015. He served as IT director in Personal Lines technology from 2017 until he assumed his current role.

Edgerton earned a bachelor’s degree in civil engineering from Auburn University and an MBA from Poole College of

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