PENNANTPARK INVESTMENT CORP (PNNT): debt financing — PennantPark sells JF equity for $67.5M, gains $63.1M; upsizes credit facility to $535M

PENNANTPARK INVESTMENT CORP

Sold equity in JF Intermediate for $67.5M; realized gain of $63.1M (approximated fair value at Sep 30, 2025).
JF represented 23% of equity portfolio (excluding PennantPark Senior Loan Fund) at fair value.
Credit facility upsized from $500M to $535M; maturity extended to 2030; pricing reduced from SOFR+235 to SOFR+210 bps.
Provides $67.5M liquidity for ongoing equity rotation strategy; management calls it attractive outcome.
Credit facility secured by all company assets; minimum asset coverage and equity covenants apply.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PENNANTPARK INVESTMENT CORP amended credit facility of increases the total commitments under the Credit Facility Agreement by $35 million to $535 million with Truist Bank as administrative agent at reduces the spread by 0.25% from Term SOFR plus 235 to Term SOFR plus 210 maturing extends the maturity date from July 29, 2027 to December 11, 2030.

Instrument: credit facility
Principal: increases the total commitments under the Credit Facility Agreement by $35 million to $535 million
Counterparty: Truist Bank as administrative agent
Rate: reduces the spread by 0.25% from Term SOFR plus 235 to Term SOFR plus 210
Maturity: extends the maturity date from July 29, 2027 to December 11, 2030
Event: amendment

Exact text from the filing

December 11, 2030 (iii) reduces the spread by 0.25% from Term SOFR plus 235 to Term SOFR plus 210 and (iv) increases the total commitments under the Credit Facility Agreement by $35 million to $535 million. The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy of the Amendment,

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PENNANTPARK INVESTMENT CORP amended seventh amendment to its Second Amended and Restated Senior Revolving Credit Agreement with Truist Bank as administrative agent and JPMorgan Chase Bank, N.A. as syndication agent valued at $535 million (effective 2025-12-11).

Action: amendment
Agreement: credit facility
Counterparty: Truist Bank as administrative agent and JPMorgan Chase Bank, N.A. as syndication agent
Value: $535 million
Effective: 2025-12-11

Exact text from the filing

On December 11, 2025, PennantPark Investment Corporation (the "Company") entered into the seventh amendment (the "Amendment") to its Second Amended and Restated Senior Revolving Credit Agreement, dated as of June 25, 2014, by and between the Company as borrower, the lenders party thereto, Truist Bank as administrative agent, and JPMorgan Chase Bank, N.A. as syndication agent (the “Credit Facility”).

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Source: SEC EDGAR

accession 0001193125-25-318545

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