PennantPark Investment Corp. Files 8-K

TL;DR

PNNT filed an 8-K, expect updates on financials and other biz events soon.

AI Summary

PennantPark Investment Corp. filed an 8-K on October 22, 2024, reporting on its results of operations and financial condition, as well as other events. The filing does not contain specific financial figures or details about the 'other events' at this time.

Why It Matters

This filing indicates that PennantPark Investment Corp. is providing updates on its financial performance and other significant corporate events to the SEC.

Risk Assessment

Risk Level: low — This is a routine filing to report operational results and other events, not indicating immediate financial distress or significant new risks.

Key Players & Entities

• PennantPark Investment Corp. (company) — Registrant
• October 22, 2024 (date) — Date of Report
• Maryland (jurisdiction) — State of incorporation
• 1691 Michigan Avenue Miami Beach, Florida 33139 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share PNNT The New York Stock E
• $7.53 — ue per share is estimated to be between $7.53 and $7.58 per common share at September
• $7.58 — re is estimated to be between $7.53 and $7.58 per common share at September 30, 2024.
• $7.52 — o a net asset value per common share of $7.52 at June 30, 2024. • Net invest
• $0.21 — tment income is estimated to be between $0.21 and $0.23 per common share for the quar
• $0.23 — me is estimated to be between $0.21 and $0.23 per common share for the quarter ended
• $0.24 — is compares to net investment income of $0.24 per common share for the quarter ended
• $1.33 b — investment portfolio at fair value was $1.33 billion, compared to $1.26 billion as of
• $1.26 billion — ir value was $1.33 billion, compared to $1.26 billion as of June 30, 2024. During the quarter
• $52.5 million — mpany committed to invest an additional $52.5 million in PennantPark Senior Loan Fund, LLC (&
• $75.0 million — also committed to invest an additional $75.0 million of capital. In addition during the quar
• $400 million — dit facility provided by BNP Paribas to $400 million from $325 million. The additional capit
• $325 million — ded by BNP Paribas to $400 million from $325 million. The additional capital will allow PSLF
• $1.5 billion — scale its investment portfolio to over $1.5 billion. • At September 30, 2024, ther
• $776.5 million — 30, 2024, the Company had approximately $776.5 million of total debt consisting of, $461.5 mil

Filing Documents

• pnnt-20241022.htm (8-K) — 44KB
• 0000950170-24-116101.txt ( ) — 46KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition Preliminary Estimates of Results as of September 30, 2024 On October 22, 2024, PennantPark Investment Corporation (the “Company”) announced certain preliminary estimates of its financial results for the quarter ended September 30, 2024. • Net asset value per share is estimated to be between $7.53 and $7.58 per common share at September 30, 2024. This compares to a net asset value per common share of $7.52 at June 30, 2024. • Net investment income is estimated to be between $0.21 and $0.23 per common share for the quarter ended September 30, 2024. This compares to net investment income of $0.24 per common share for the quarter ended June 30, 2024. • Core net investment income (1) is estimated to be between $0.21 and $0.23 per common share for the quarter ended September 30, 2024. This compares to core net investment income of $0.21 per common share for the quarter ended June 30, 2024. • The investment portfolio at fair value was $1.33 billion, compared to $1.26 billion as of June 30, 2024. During the quarter, the Company committed to invest an additional $52.5 million in PennantPark Senior Loan Fund, LLC (“PSLF”) and its JV partner also committed to invest an additional $75.0 million of capital. In addition during the quarter, PSLF increased its senior credit facility provided by BNP Paribas to $400 million from $325 million. The additional capital will allow PSLF to scale its investment portfolio to over $1.5 billion. • At September 30, 2024, there were two loans on non-accrual representing 4.1% of the portfolio at cost and 2.3% at fair market value versus three loans on non-accrual at June 30, 2024 representing 4.2% of the portfolio at cost and 2.5% at fair market value. • As of September 30, 2024, the Company had approximately $776.5 million of total debt consisting of, $461.5 million of borrowings outstanding under the Comp

Forward-Looking Statements

Forward-Looking Statements This report on Form 8-K, may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports the Company files under the Exchange Act. All statements other than statements of historical facts included in this report on Form 8-K, are forward-looking statements and are not guarantees of future performance or results, and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

01. Other Information

Item 8.01. Other Information The information set forth under Item 2.02 above is incorporated herein by reference. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 22, 2024 PENNANTPARK INVESTMENT CORPORATION By: /s/ Richard T. Allorto, Jr. Richard T. Allorto, Jr. Chief Financial Officer & Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR