PennantPark Investment Corporation Prices Public Offering of $250 Million 4.50% Notes Due 2019
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 09/16/14 -- PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT) announced that it has priced an underwritten public offering of $250 million in aggregate principal amount of its 4.50% unsecured notes due 2019. The notes will mature on October 1, 2019 and may be redeemed in whole or in part at the Company''s option at any time at par plus a "make-whole" premium, if applicable. The offering is expected to close on September 23, 2014, subject to customary closing conditions.
J.P. Morgan, Goldman, Sachs & Co., Morgan Stanley and SunTrust Robinson Humphrey are acting as joint book-running managers for this offering. Keefe, Bruyette & Woods and RBC Capital Markets are acting as joint lead managers. Comerica Securities, Inc. and ING Financial Markets LLC are acting as co-managers for this offering.
PennantPark Investment Corporation expects to use the net proceeds of this offering to repay outstanding indebtedness.
ABOUT PENNANTPARK INVESTMENT CORPORATION
The Company is a business development company which principally invests in U.S. middle-market private companies in the form of senior secured loans, mezzanine debt, and equity investments. From time to time, the Company may also invest in public companies whose securities are thinly traded. The Company is managed by PennantPark Investment Advisers, LLC.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute 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. All forward-looking statements speak only as of the date of this press release.
CONTACT:
PennantPark Investment Corporation
212-905-1000
CONTACT:
Aviv Efrat
PennantPark Investment Corporation
(212) 905-1000
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Datum: 16.09.2014 - 15:21 Uhr
Sprache: Deutsch
News-ID 1303224
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