PennantPark extends PSLF joint venture term indefinitely; commits $52.5M with Pantheon's $75M

PENNANTPARK INVESTMENT CORP

PSLF term made indefinite; members can redeem interests in min 25% tranches with 18-month target completion.
PNNT commits $52.5M, Pantheon commits $75M to PSLF; pro forma PNNT ownership 54.8%, Pantheon 45.2%.
PSLF's BNP Paribas credit facility increased from $325M to $400M.
PNNT agrees to cap arranger fees paid to its adviser at lower of 50% of total fees or 100 bps for one year.

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