PennantPark (PNNT) Exits JF Intermediate With $63.1M Realized Gain

Core Viewpoint - PennantPark Investment Corporation (NYSE:PNNT) has successfully exited its investment in JF Intermediate, realizing a significant gain and enhancing its liquidity position, which is part of its ongoing equity rotation strategy [2][4]. Group 1: Investment Exit - PennantPark sold its equity stake in JF Intermediate, LLC for $67.5 million, resulting in a realized gain of $63.1 million [2]. - The investment in JF Intermediate represented 23% of PennantPark's equity investment portfolio as of September 30, 2025 [2]. Group 2: Financial Update - The company increased its multi-currency, senior secured credit facility from $500 million to $535 million, extending the maturity to 2030 and improving pricing by reducing the spread to SOFR plus 210 basis points from SOFR plus 235 [3]. - The credit facility is secured by all company assets and includes standard covenants related to minimum asset coverage levels and equity requirements [4]. Group 3: Company Overview - PennantPark Investment Corporation operates as a business development company, focusing on investments in US middle-market businesses across various debt and equity instruments [5].