Company: PNNT
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001193125-25-293703
Chunk: 43

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-11-24
Form: 10-K
Item: Item 1C
Chunk 43
---
 million of external 2037 Asset-Backed Debt and $1.9 million of un-amortized financing cost.  On August 28, 2024, PSLF and Pantheon entered into an amendment (the “Amendment”) to PSLF’s limited liability company agreement (the “LLC Agreement”). The Amendment amended the term of PSLF, which would have otherwise expired on January 31, 2025, to be indefinite, subject to the other terms of dissolution, wind down and termination in the LLC Agreement. The Amendment also modified the LLC Agreement to permit any member of PSLF (each, a “Member”) to request to redeem its interests in PSLF (in minimum tranches of 25% of the interests then-owned by such Member) at any time. Under the Amendment, PSLF is required to use commercially reasonable efforts to redeem any such Member’s interests within 18 months and, in any event, within three years from the date of such redemption request, subject to customary limitations with respect to the liquidity of PSLF and the requirement that the Company’s proportionate share or ownership of PSLF not exceed 87.5%.Below is a summary of PSLF’s portfolio at fair value ($ in thousands): 

     ($ in thousands)
      
     September 30, 2025

     September 30, 2024

     Total investments
      
     $
     1,265,901

     $
     1,031,225

     Weighted average cost yield on income producing investments

     10.1
     %

     11.3
     %

     Number of portfolio companies in PSLF

     109

     102

     Largest portfolio company investment at fair value
      
     $
     24,802

     $
     25,073

     Total of five largest portfolio company investments at fair value
      
     $
     121,360

     $
     109,927

53

Below is a listing of PSLF’s individual investments as of September 30, 2025 ($ in thousands):

     Issuer Name
      
     Acquisition
      
     Maturity

     Industry
      
     Current Coupon

     Basis PointSpread AboveIndex (1)

     Par

     Cost

     Fair Value (2)

     First Lien Secured Debt - 1,035.8% of Net Assets

     ACP A