Business
PennantPark Investment Corporation Exits Significant Equity Investment and Upsizes Credit Facility
MIAMI, Dec. 15, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) (the "Company") announced that it has sold its equity investment in JF Intermediate, LLC ("JF") for $67.5 million, resulting in a realized gain of $63.1 million. This amount approximates the fair value of the investment as of September 30, 2025. JF represented 23% of the equity investment portfolio of the Company at fair value on that date, excluding its equity investment in PennantPark Senior Loan Fund LLC.
About this update from Pennantpark Investment Corporation
[{"type":"image","alt":"PennantPark Investment Corporation","displaySize":"","headline":null,"caption":"PennantPark Investment Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":72,"url":"https://media.zenfs.com/en/globenewswire.com/bc264bfe4c86ff6b849ccfa2f591210d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2wzW81LTH1i0nA3OuEz90A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwMTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/bc264bfe4c86ff6b849ccfa2f591210d","width":300,"height":72}},"lazy":false},{"type":"text","content":"MIAMI, Dec. 15, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) (the "Company") announced that it has sold its equity investment in JF Intermediate, LLC ("JF") for $67.5 million, resulting in a realized gain of $63.1 million. This amount approximates the fair value of the investment as of September 30, 2025. JF represented 23% of the equity investment portfolio of the Company at fair value on that date, excluding its equity investment in PennantPark Senior Loan Fund LLC.","length":520,"tagName":"p"},{"type":"text","content":"The Company also announced that it increased the size of its multi-currency, senior secured credit facility (the "Credit Facility") from $500 million to $535 million, extended the maturity to 2030, and reduced pricing from SOFR plus 235 bps to SOFR plus 210 bps.","length":272,"tagName":"p"},{"type":"text","content":""I'd like to thank the team at JF for our strong partnership over many years. The repurchase of PNNT's shares positions JF for its next phase of growth, while fully realizing PNNT's investment in JF. The transaction provides PNNT with $67.5 million of liquidity, which is an attractive outcome for shareholders and an important milestone in PNNT's ongoing equity rotation strategy. We wish JF and its team continued growth and success in the future," said Art Penn, Chairman and CEO.","length":509,"tagName":"p"},{"type":"text","content":""In addition, we are also pleased to have upsized our Credit Facility and we are delighted with the continued confidence and support from new and existing lending partners. This increased facility with lower pricing will expand our ability to serve middle-market sponsor and borrower clients while lowering borrowing costs for our shareho...