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.
