Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 64

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 relative to an index, typically the applicable Secured Overnight Financing Rate (“SOFR”) or Prime rate ("P”). The spread may change based on the type of rate used. The terms in the Schedule of Investments disclose the actual interest rate in effect as of the reporting period.  SOFR loans are typically indexed to a 30-day, 60-day, 90-day or 180-day SOFR rate (1M S, 2M S, 3M S, or 6M S, respectively), at the borrower’s option. All securities are subject to a SOFR or Prime rate floor where a spread is provided, unless noted. The spread provided includes PIK interest and other fee rates, if any.(2)Valued based on PSLF’s accounting policy.(3)All investments in U.S. companies unless noted otherwise. 

 37

PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) - (Continued)December 31, 2024 

Below is a listing of PSLF’s individual investments as of September 30, 2024 ($ in thousands):

        Issuer Name 3
         
        Maturity
         
        Industry
         
        Current Coupon

        Basis PointSpread AboveIndex (1)
         
        Par

        Cost

        Fair Value (2)

        First Lien Secured Debt - 916.4%

        A1 Garage Merger Sub, LLC
         
        12/22/28
         
        Personal, Food and Miscellaneous Services

        10.95
        %
         
        SOFR+610

        14,738

        $
        14,504

        $
        14,738

        ACP Avenu Buyer, LLC
         
        10/02/29
         
        Business Services

        10.57
        %
         
        SOFR+525

        7,667

        7,526

        7,418

        ACP Falcon Buyer, Inc.
         
        08/01/29
         
        Business Services

        10.83
        %
         
        SOFR+550

        15,351

        15,067

        15,412

        Ad.net Acquisition, LLC
         
        05/07/26