PENNANTPARK INVESTMENT (PNNT) Company Report

PennantPark Investment Corporation issued $75,000,000 aggregate principal amount of 7.00% Senior Unsecured Notes due February 1, 2029 in a private placement to a qualified institutional investor.
The Notes bear interest semi-annually starting August 1, 2026, and are general unsecured obligations ranking pari passu with other unsecured, unsubordinated indebtedness.
Proceeds from the sale of the Notes will be used for partial payments of amounts drawn under the Truist Credit Facility and for general corporate purposes.
The Note Purchase Agreement includes customary covenants, such as a minimum asset coverage ratio of 1.50 to 1.00.
A Registration Rights Agreement was also executed, obligating the Company to file a registration statement for an exchange offer or resale of the Notes, with potential additional interest payments if registration obligations are not met.

7 days ago

PennantPark Investment Corporation Announces Preliminary Q1 2026 Results and Credit Facility Amendment

PNNT

Earnings

Guidance Update

Debt Issuance

PennantPark Investment Corporation's preliminary estimates for the quarter ended December 31, 2025, include a net asset value per share between $6.97 and $7.02, core net investment income per common share between $0.13 and $0.15, and net investment income per common share between $0.10 and $0.12.
In December 2025, the company sold its equity investment in JF Intermediate, LLC for $67.5 million, resulting in a realized gain of $63.1 million.
The company amended and extended its senior revolving credit facility in December 2025, increasing lender commitments to $535 million from $500 million and reducing the borrowing cost to SOFR + 2.10% from SOFR + 2.35%.
As of December 31, 2025, the investment portfolio at fair value was $1.2 billion, and the estimated debt to equity ratio was 1.34x.

Jan 16, 2026, 10:17 PM

PennantPark Investment Corporation Exits Equity Investment and Upsizes Credit Facility

PNNT

Debt Issuance

New Projects/Investments

PennantPark Investment Corporation sold its equity investment in JF Intermediate, LLC for $67.5 million, resulting in a realized gain of $63.1 million. This investment represented 23% of its equity portfolio at fair value as of September 30, 2025.
The company increased its multi-currency, senior secured credit facility from $500 million to $535 million, extended its maturity to 2030, and reduced pricing from SOFR plus 235 bps to SOFR plus 210 bps.
This transaction provides PNNT with $67.5 million of liquidity, supporting its ongoing equity rotation strategy, and the upsized credit facility aims to expand service capabilities while lowering borrowing costs.
The company updated its financial covenants, including raising the Minimum Borrower Net Worth requirement to $476,000,000.

Dec 15, 2025, 1:30 PM

PennantPark Investment Corporation Exits Equity Investment and Upsizes Credit Facility

PNNT

Debt Issuance

New Projects/Investments

PennantPark Investment Corporation (PNNT) sold its equity investment in JF Intermediate, LLC for $67.5 million, resulting in a realized gain of $63.1 million.
This transaction provides PNNT with $67.5 million of liquidity and is a key step in its equity rotation strategy.
The company also increased its multi-currency, senior secured credit facility from $500 million to $535 million, extending the maturity to 2030.
The pricing for the credit facility was reduced from SOFR plus 235 bps to SOFR plus 210 bps, which is expected to lower borrowing costs and expand lending capacity.

Dec 15, 2025, 1:30 PM

PennantPark Investment Corporation Reports Q4 2025 Results and Discusses Equity Rotation Strategy

PNNT

Earnings

Dividends

New Projects/Investments

For the quarter ended September 30, 2025, PennantPark Investment Corporation reported core net investment income of $0.15 per share compared to total distributions of $0.24 per share. The company has $48 million or $0.73 per share of undistributed spillover income and plans to use it to cover dividend shortfalls in the near term.
As of September 30, 2025, NAV was $7.11 per share, a 3.4% decrease from the prior quarter, and the debt to equity ratio was 1.6 times. The PSLF joint venture is evaluating the purchase of $120-$140 million of assets from PNNT to reduce PNNT's leverage to its target of 1.25-1.3 times.
The portfolio totaled $1.3 billion as of September 30, 2025, with 50% in first lien secured debt and 91% floating rate. Non-accrual investments represented 1.3% of the portfolio at cost and 0.1% at market value.
Management is actively pursuing a strategy to rotate out of equity positions and redeploy capital into income-producing debt investments, anticipating that increased transaction activity and a clearer M&A market will facilitate this process.

Nov 25, 2025, 5:00 PM

PennantPark Investment Corporation Reports Q4 2025 Results and Strategic Updates

PNNT

Earnings

Dividends

New Projects/Investments

For the fourth fiscal quarter of 2025, PennantPark Investment Corporation reported core net investment income of $0.15 per share compared to total distributions of $0.24 per share. The company has $48 million, or $0.73 per share, of undistributed spillover income, which it plans to use to cover shortfalls in net investment income versus the dividend in the near term.
The company is actively pursuing a strategy to rotate out of equity positions and redeploy capital into interest-bearing debt investments to increase core net investment income, with optimism for increased transaction activity to facilitate this plan.
As of September 30, the company's NAV was $7.11 per share, a 3.4% decrease from the prior quarter, and the debt-to-equity ratio stood at 1.6 times. To reduce leverage to its target of 1.25-1.3 times, the PSLF joint venture is evaluating the purchase of $120-$140 million of assets from PNNT.
The portfolio remains highly diversified across 166 companies and 37 industries, with four non-accrual investments representing 1.3% of the portfolio at cost and 0.1% at market value. 91% of the portfolio is floating rate, and the weighted average yield on debt investments was 11%.

Nov 25, 2025, 5:00 PM

PennantPark Investment Corporation Reports Q4 2025 Earnings and Strategic Updates

PNNT

Earnings

Dividends

New Projects/Investments

For Q4 2025, PennantPark Investment Corporation reported core net investment income of $0.15 per share against total distributions of $0.24 per share. The company plans to utilize its $48 million, or $0.73 per share, in undistributed spillover income to cover dividend shortfalls.
As of September 30, the Net Asset Value (NAV) was $7.11 per share, marking a 3.4% decrease from the prior quarter, and the debt to equity ratio stood at 1.6 times.
PNNT is actively pursuing a strategy to rotate out of equity positions into income-producing debt investments, anticipating increased transaction activity to support this initiative.
To manage leverage, the PSLF joint venture is evaluating the purchase of $120-$140 million of assets from PNNT, aiming to reduce the company's debt to equity ratio to its target of 1.25-1.3 times.
The portfolio remains diversified with 166 companies and a weighted average yield on debt investments of 11%, with four non-accrual investments representing 1.3% at cost.