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Pennantpark Investment (PNNT) has issued an announcement.
PennantPark Senior Loan Fund has extended its lifespan indefinitely and now permits members to redeem their interests at will, ensuring liquidity within three years, backed by investment returns or new capital. In tandem, PennantPark and Pantheon have bolstered PSLF with substantial capital injections, shifting their ownership stakes to 54.8% and 45.2%, respectively. Moreover, PSLF expanded its credit line with BNP Paribas, from $325 million to $400 million, enhancing its financial flexibility.
Learn more about PNNT stock on TipRanks’ Stock Analysis page.