PennantPark's 6¼% $25-par notes admitted to begin trading on NYSE

By Toni Weeks

San Luis Obispo, Calif., Feb. 4 - PennantPark Investment Corp.'s 6¼% senior notes due 2025 have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "PNTA."

The company priced $67.5 million of the $25-par notes with a $10.13 million greenshoe on Jan. 16.

Stifel, Nicolaus & Co., Inc and RBC Capital Markets, LLC are the joint bookrunners.

Proceeds will be used to reduce debt under the company's credit facility, to invest in new or existing portfolio companies or for general corporate or strategic purposes.

PennantPark is a closed-end externally managed, non-diversified investment company that invests primarily in U.S. middle-market private companies.

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