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PennantPark Investment ups credit facility to $475M

PennantPark Investment Corp. on Sept. 4 increased the aggregate amount of the commitments under its senior secured revolving credit facility to $475 million from $445 million.

The company also extended the term of the revolving period to Sept. 4, 2023, from May 25, 2021, and the final maturity date to Sept. 4, 2024, from May 25, 2022, for $420 million out of the total $475 million commitments.

The revolving period with respect to the remaining $55 million of commitments will continue to expire May 25, 2021.

The company added Customers Bank and CIBC Bank USA as new lending partners to the facility.