PennantPark Investment Corp. Files 8-K

TL;DR

PNNT filed an 8-K on Jan 16, 2025, for financial updates.

AI Summary

PennantPark Investment Corp. filed an 8-K on January 16, 2025, reporting on its results of operations and financial condition. The filing does not contain specific financial figures or operational details within the provided text, but serves as a notification of these updates.

Why It Matters

This filing indicates that PennantPark Investment Corp. is providing updates on its financial performance and operational status to the SEC and its investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural report and does not contain information that inherently increases risk.

Key Players & Entities

• PennantPark Investment Corp. (company) — Registrant
• January 16, 2025 (date) — Filing Date
• 590 Madison Avenue (address) — Business Address
• New York (location) — City
• 1691 Michigan Avenue (address) — Principal Executive Offices
• Miami Beach (location) — City

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share PNNT The New York Stock E
• $7.55 — ue per share is estimated to be between $7.55 and $7.60 per common share at December
• $7.60 — re is estimated to be between $7.55 and $7.60 per common share at December 31, 2024.
• $7.56 — o a net asset value per common share of $7.56 at September 30, 2024. • Net i
• $0.19 — tment income is estimated to be between $0.19 and $0.21 per common share for the quar
• $0.21 — me is estimated to be between $0.19 and $0.21 per common share for the quarter ended
• $0.22 — is compares to net investment income of $0.22 per common share for the quarter ended
• $1.30 b — investment portfolio at fair value was $1.30 billion, compared to $1.33 billion as of
• $1.33 billion — ir value was $1.30 billion, compared to $1.33 billion as of September 30, 2024. • At
• $779.5 million — 31, 2024, the Company had approximately $779.5 million of total debt consisting of, $464.5 mil
• $464.5 million — .5 million of total debt consisting of, $464.5 million of borrowings outstanding under the Com
• $150.0 million — 201c;Credit Facility”), at cost, $150.0 million in aggregate principal amount of 4.5% N
• $165.0 million — of 4.5% Notes due 2026 outstanding, and $165.0 million in aggregate principal amount of 4.0% N
• $66.4 million — December 31, 2024, we had approximately $66.4 million in cash and unused capacity under the C
• $370.1 million — 2019;s joint venture, had approximately $370.1 million in cash and unused capacity under its c

Filing Documents

• pnnt-20250116.htm (8-K) — 45KB
• 0000950170-25-006192.txt ( ) — 47KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition Preliminary Estimates of Results as of December 31, 2024 On January 16, 2025, PennantPark Investment Corporation (the “Company”) announced certain preliminary estimates of its financial results for the quarter ended December 31, 2024. • Net asset value per share is estimated to be between $7.55 and $7.60 per common share at December 31, 2024. This compares to a net asset value per common share of $7.56 at September 30, 2024. • Net investment income is estimated to be between $0.19 and $0.21 per common share for the quarter ended December 31, 2024. This compares to net investment income of $0.22 per common share for the quarter ended September 30, 2024. • Core net investment income (1) is estimated to be between $0.19 and $0.21 per common share for the quarter ended December 31, 2024. This compares to core net investment income of $0.22 per common share for the quarter ended September 30, 2024. • The investment portfolio at fair value was $1.30 billion, compared to $1.33 billion as of September 30, 2024. • At December 31, 2024, there were two loans on non-accrual representing 4.3% of the portfolio at cost and 1.5% at fair market value versus two loans on non-accrual at September 30, 2024 representing 4.1% of the portfolio at cost and 2.3% at fair market value. • As of December 31, 2024, the Company had approximately $779.5 million of total debt consisting of, $464.5 million of borrowings outstanding under the Company’s multi-currency senior secured revolving credit facility with Truist Bank, as amended and restated (the “Credit Facility”), at cost, $150.0 million in aggregate principal amount of 4.5% Notes due 2026 outstanding, and $165.0 million in aggregate principal amount of 4.0% Notes due 2026 outstanding. • At December 31, 2024, we had approximately $66.4 million in cash and unused capacity under the Credi

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: January 16, 2025 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