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PennantPark Investment Corp (PNNT) delivers flexible capital solutions to U.S. middle-market companies through debt and equity investments. This page provides investors with a centralized repository of official company updates, financial disclosures, and market-moving announcements.
Track PNNT's latest developments through earnings releases, SEC filings, dividend declarations, and strategic partnership updates. Our curated collection ensures access to primary-source materials for informed analysis of the company's performance and industry positioning.
Key content categories include quarterly financial results, portfolio activity reports, leadership changes, and participation in major industry events. Subscribers and analysts will find timely updates on the company's credit strategies and capital allocation decisions.
Bookmark this page for streamlined access to PennantPark's verified news stream. Combine these updates with broader market context to enhance your understanding of middle-market investment trends.
PennantPark Investment (NYSE: PNNT) announced that its PennantPark Senior Loan Fund (PSLF) has completed a $400.5 million CLO transaction through PennantPark CLO X. This marks their tenth CLO, bringing total CLO assets under management to approximately $3.2 billion.
The CLO features a four-year reinvestment period ending January 2029 and a twelve-year final maturity in January 2037. The debt structure includes multiple classes, with Class A-1 Notes comprising the largest portion at $158 million (39%) with a 3-month SOFR + 1.59% coupon and AAA rating. PSLF will retain all Subordinated Notes through a consolidated subsidiary.
The proceeds will be used to repay a portion of PSLF's $400 million secured credit facility. BNP Paribas served as lead placement agent for the transaction. The CLO is structured as secured financing consolidated by PSLF, with PSLF acting as retention holder to maintain exposure to the securitized assets' performance.
PennantPark Investment (NYSE: PNNT) has announced its monthly distribution of $0.08 per share for December 2024. The distribution will be payable on January 2, 2025, to stockholders of record as of December 16, 2024.
The payment is expected to come from taxable net investment income, with specific tax characteristics to be reported to stockholders on Form 1099 after the calendar year end. The company operates as a business development company, primarily investing in U.S. middle-market private companies through various debt and equity instruments. It is managed by PennantPark Investment Advisers, , a middle market credit platform managing $8.7 billion of investable capital.
PennantPark Investment (NYSE: PNNT) reported financial results for Q4 and fiscal year 2024. The company's investment portfolio totaled $1,328.1 million, with net assets of $493.9 million. Net investment income for the year was $60.1 million ($0.92 per share). The portfolio consisted of 50% first lien secured debt, 7% U.S. Government Securities, 5% second lien secured debt, 14% subordinated debt, and 23% preferred and common equity. The weighted average yield on debt investments was 12.3%. The company declared distributions of $0.88 per share for the year. PSLF increased its investment capacity to over $1.5 billion through additional capital commitments and an expanded credit facility.
PennantPark Investment (PNNT) reported financial results for Q4 and fiscal year 2024. The company's investment portfolio totaled $1,328.1 million, with net assets of $493.9 million. Net investment income for the year was $60.1 million ($0.92 per share). The portfolio consisted of 50% first lien secured debt, 7% U.S. Government Securities, 5% second lien secured debt, 14% subordinated debt, and 23% preferred and common equity. The weighted average yield on debt investments was 12.3%. The company declared distributions of $0.88 per share for the year.
PennantPark Investment (NYSE: PNNT) has announced its monthly distribution of $0.08 per share for November 2024. The distribution will be payable on December 2, 2024, to stockholders of record as of November 15, 2024. The payment is expected to come from taxable net investment income. PennantPark Investment operates as a business development company focusing on U.S. middle-market private companies, primarily investing in various forms of debt and equity. The company is managed by PennantPark Investment Advisers, , a middle market credit platform managing $8.3 billion of investable capital.
PennantPark Investment (NYSE: PNNT) has announced its schedule for the release of fourth fiscal quarter 2024 results. The company will report its financial results on Monday, November 25, 2024, after the close of financial markets. Additionally, a conference call is scheduled for Tuesday, November 26, 2024, at 12:00 p.m. (Eastern Time) to discuss the results.
Interested parties can join the call by dialing (888) 394-8218 (toll-free) or (646) 828-8193 (international), referencing conference ID #3424889. An archived replay will be available on the company's website. PennantPark Investment is a business development company focusing on U.S. middle-market private companies, managed by PennantPark Investment Advisers, , a leading middle market credit platform managing $8.0 billion of investable capital.
PennantPark Investment (NYSE: PNNT) has announced its monthly distribution for October 2024. Shareholders will receive $0.08 per share, payable on November 1, 2024, to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income.
PennantPark Investment is a business development company that primarily invests in U.S. middle-market private companies through various debt and equity instruments. It is managed by PennantPark Investment Advisers, , a leading middle market credit platform managing $8.0 billion of investable capital, including available leverage. The advisory firm, founded in 2007, offers a range of creative and flexible financing solutions to middle-market borrowers and private equity firms.
PennantPark Investment (NYSE: PNNT) has announced an expansion of its investment in PennantPark Senior Loan Fund, (PSLF), a joint venture with Pantheon Ventures. PNNT will invest an additional $52.5 million, while Pantheon will contribute $75 million, adjusting their ownership to 54.8% and 45.2% respectively. The JV is also increasing its senior secured credit facility from $325 million to $400 million, allowing it to scale its investment portfolio to over $1.5 billion. This represents a nearly $500 million increase in investment capacity.
The expansion aims to capitalize on the attractive core middle market, which has been generating strong returns for the JV over the past four years. PNNT CEO Art Penn emphasized that this move will benefit shareholders through investments in today's attractive vintage of core middle market senior secured loans.
PennantPark Investment (NYSE: PNNT) has announced its monthly distribution for September 2024. Shareholders will receive $0.08 per share, payable on October 1, 2024, to stockholders of record as of September 16, 2024. The distribution is expected to be paid from taxable net investment income.
PNNT is a business development company that primarily invests in U.S. middle-market private companies through various debt and equity instruments. It is managed by PennantPark Investment Advisers, , a leading middle market credit platform managing $8.0 billion of investable capital. The advisory firm, founded in 2007, offers creative and flexible financing solutions to middle-market borrowers and private equity firms.
PennantPark Investment (PNNT) released its financial results for Q3 ended June 30, 2024. The investment portfolio was valued at $1,259.9 million, reflecting an increase from the previous quarter. Net assets stood at $491.2 million with a GAAP net asset value per share of $7.52, representing a 2.2% quarterly decrease. The regulatory debt-to-equity ratio was 1.56x. Net investment income was $15.7 million or $0.24 per share, while core net investment income per share was $0.21. The company declared distributions of $0.22 per share.
Investment purchases totaled $163.1 million compared to sales and repayments of $132.9 million. The PSLF portfolio was valued at $926.1 million. Overall, the portfolio had net unrealized appreciation of $6.9 million. Net realized and unrealized losses for the quarter were $(6.9) million and $(5.1) million, respectively, contributing to a net increase in net assets from operations of $3.7 million or $0.06 per share. PennantPark announced a conference call on August 8, 2024, to discuss these results.
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