trending Market Intelligence /marketintelligence/en/news-insights/trending/T8RP5uVeGyAztcPZgEzRog2 content esgSubNav
In This List

PennantPark Investment to make public debt offering

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


PennantPark Investment to make public debt offering

PennantPark Investment Corp. plans to make a public offering of unsecured notes due 2024.

Underwriters will be granted an option to purchase up to an additional 15% of aggregate principal amount to cover any overallotments.

The company expects to use the net proceeds to reduce outstanding obligations under its credit facilities and/or Small Business Administration debentures, to invest in new or existing portfolio companies, or for general corporate purposes.

Keefe Bruyette & Woods and Morgan Stanley & Co. LLC are acting as joint book runners. BB&T Capital Markets, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and Maxim Group LLC are acting as co-managers for the offering.