Company: PNNT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-017048
Chunk: 63

Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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31, 2024, there was $328 million of external 2037 Asset-Backed Debt. On August 28, 2024, PSLF 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 “PSLF Member”) to request to redeem its interests in PSLF (in minimum tranches of 25% of the interests then-owned by such PSFL Member) at any time. Under the Amendment, if a PSLF Member makes a redemption request, PSLF will be required to use commercially reasonable efforts to redeem any such PSFL 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)
         
        December 31, 2024 (Unaudited)

        September 30, 2024

        Total investments
         
        $
        1,275,076

        $
        1,031,225

        Weighted average cost yield on income producing investments

        10.7
        %

        11.3
        %

        Number of portfolio companies in PSLF

        112

        102

        Largest portfolio company investment at fair value
         
        $
        31,035

        $
        25,073

        Total of five largest portfolio company investments at fair value
         
        $
        129,894

        $
        109,927

 35

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 December 31, 2024 ($ in thousands) 

        Issuer Name 3
         
        M