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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Source: SEC EDGAR

accession 0001193125-25-318545

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