PennantPark Investment upgrades credit terms

|About: PennantPark Investment (PNNT)|By:, SA News Editor

PennantPark Investment (PNNT) boosts the size of its credit facility by $100M to $545M and cuts the cost by 50 basis points to Libor plus 225 bps. An accordion feature allows the size to grow to as high as $700M.

The facility has a 5-year maturity.