PennantPark issues $64M senior unsecured notes: $62M at 8% due 2031, $2M at 7.25% due 2029

PENNANTPARK INVESTMENT CORP

Issued $62M 8.00% Senior Unsecured Notes due Sept 1, 2031 at 98% of par; $2M 7.25% Notes due Sept 30, 2029 at 100%.
Interest semi-annual; 2031 notes redeemable at 101% after Sept 1, 2028; 2029 notes redeemable at make-whole.
Notes rank pari passu with existing unsecured debt; covenants include 1.50x minimum asset coverage ratio.
Registration rights agreements require exchange offer within 365 days; failure triggers 0.25-0.50% additional interest.
Proceeds not specified; private placement to qualified institutional investors closed Sept 1, 2026.

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