PennantPark to redeem $71.25 million 6.25% $25-par notes due 2025

By Marisa Wong

Morgantown, W.Va., May 25 – PennantPark Investment Corp. said it will redeem its $71.25 million of outstanding 6.25% senior notes due Feb. 1, 2025 on June 29.

The notes will be redeemed at par of $25 plus accrued interest to the redemption date.

The redemption is expected to result in interest savings through the original maturity date of the notes, the company said.

American Stock Transfer & Trust Co. LLC is the paying agent.

PennantPark is a business development company that primarily invests in U.S. middle-market companies in the form of senior secured debt, mezzanine debt and, to a lesser extent, equity investments. It is managed by New York-based PennantPark Investment Advisers, LLC.

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