PennantPark Investment Corporation Exits Significant Equity Investment and Upsizes Credit Facility to $535 Million

PennantPark Investment Corporation has sold its $67.5 million equity investment in JF Intermediate, resulting in a realized gain of $63.1 million. The company has also upsized its 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. The transaction provides liquidity and supports the company's equity rotation strategy.