Company: PNNT
Filing Date: 2025-01-16
Form Type: 8-K
Source: 0000950170-25-006192
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Company: PENNANTPARK INVESTMENT CORP
Filing Date: 2025-01-16
Form: 8-K
Item: Item 2.02
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Item 2.02 Results of Operations and Financial Condition Preliminary Estimates of Results as of December 31, 2024On January 16, 2025, PennantPark Investment Corporation (the “Company”) announced certain preliminary estimates of its financial results for the quarter ended December 31, 2024. •Net asset value per share is estimated to be between $7.55 and $7.60 per common share at December 31, 2024. This compares to a net asset value per common share of $7.56 at September 30, 2024.•Net investment income is estimated to be between $0.19 and $0.21 per common share for the quarter ended December 31, 2024. This compares to net investment income of $0.22 per common share for the quarter ended September 30, 2024.•Core net investment income(1) is estimated to be between $0.19 and $0.21 per common share for the quarter ended December 31, 2024. This compares to core net investment income of $0.22 per common share for the quarter ended September 30, 2024.•The investment portfolio at fair value was $1.30 billion, compared to $1.33 billion as of September 30, 2024. •At December 31, 2024, there were two loans on non-accrual representing 4.3% of the portfolio at cost and 1.5% at fair market value versus two loans on non-accrual at September 30, 2024 representing 4.1% of the portfolio at cost and 2.3% at fair market value.•As of December 31, 2024, the Company had approximately $779.5 million of total debt consisting of, $464.5 million of borrowings outstanding under the Company’s multi-currency senior secured revolving credit facility with Truist Bank, as amended and restated (the “Credit Facility”), at cost, $150.0 million in aggregate principal amount of 4.5% Notes due 2026 outstanding, and $165.0 million in aggregate principal amount of 4.0% Notes due 2026 outstanding.•At December 31, 2024, we had approximately $66.4 million in cash and unused capacity under the Credit Facility.•At December 31, 2024, PennantPark Senior Loan Fund, LLC, the Company’s joint