PennantPark Investment Corporation Increases Credit Facility to $380 Million

PennantPark Investment Corporation (NASDAQ: PNNT) announced today that it has entered into an amended and restated, multi-currency, senior secured revolving credit facility with certain lenders, which increased the size of the Credit Facility from $315 million to $380 million. SunTrust Robinson Humphrey, Inc. and J.P. Morgan Securities LLC acted as joint lead arrangers and joint book runners, SunTrust Bank acted as administrative agent and JPMorgan Chase Bank, N.A. acted as syndication agent of the Credit Facility. The Credit Facility contains an accordion feature whereby it can be expanded to $600 million if certain conditions are satisfied.