Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 110

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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ured Overnight Financing Rate, or “SOFR” or Prime rate or“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 typicallyindexed 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 aspread 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.

 63

Below are the consolidated statements of assets and liabilities for  PSLF, ($ in thousands):

    December 31, 2024 (Unaudited)

    September 30, 2024

    Assets

    Investments at fair value  (amortized cost—$1,282,066 and $1,036,305, respectively)
     
    $
    1,275,076

    $
    1,031,225

    Cash and cash equivalents (cost—$112,691 and $36,595, respectively)

    112,691

    36,595

    Interest receivable

    4,897

    5,089

    Prepaid expenses and other assets

    3,004

    372

    Receivable for investments sold

    1,297

    —

    Due from affiliate

    61

    71

    Total assets

    1,397,026

    1,073,352

    Liabilities

    2037 Asset-backed debt, net (par—$328,000 and $0, respectively)

    325,842

    —

    2034 Asset-backed debt, net (par—$246,000 and $246,000, respectively)

    244,769

    244,672

    2035 Asset-backed debt, net (par—$246,000 and $246,000, respectively)

    244,216

    244,118

    Notes payable to members

    231,106

    191,546

    Credit facility payable