PennantPark Investment Corporation Exits Significant Equity Investment and Upsizes Credit Facility

Core Insights - PennantPark Investment Corporation has sold its equity investment in JF Intermediate, LLC for $67.5 million, realizing a gain of $63.1 million, which aligns with the fair value of the investment as of September 30, 2025 [1] - The company has increased the size of its multi-currency, senior secured credit facility from $500 million to $535 million, extended the maturity to 2030, and reduced pricing from SOFR plus 235 basis points to SOFR plus 210 basis points [2] Company Actions - The sale of the investment in JF provides PennantPark with $67.5 million in liquidity, marking an important milestone in its equity rotation strategy and benefiting shareholders [3] - The upsizing of the Credit Facility, along with lower pricing, enhances the company's ability to serve middle-market clients while reducing borrowing costs for shareholders [4] Company Overview - PennantPark Investment Corporation primarily invests in U.S. middle-market private companies through various forms of debt and equity investments [6] - The company is managed by PennantPark Investment Advisers, LLC, which oversees approximately $10 billion of investable capital and offers a range of financing solutions to middle-market borrowers [7]