PennantPark Investment Corporation has increased the size of its multi-currency, senior secured credit facility from $500 million to $535 million. The maturity of the facility has been extended to 2030, and the pricing has been reduced from SOFR plus 235 basis points to SOFR plus 210 basis points. The credit facility, which is secured by all assets held by the company, includes customary covenants such as minimum asset coverage and minimum equity requirements. This amendment is expected to enhance PennantPark's ability to serve middle-market clients while lowering borrowing costs for shareholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennantPark Investment Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9601604) on December 15, 2025, and is solely responsible for the information contained therein.