PennantPark Investment Corporation

PennantPark Investment Corporation a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt senior secured loans and equity investments. The fund typically invests in buildings and real estate hotels gaming and leisure technology telecommunications transportation information technology services electronics healthcare & pharmaceuticals education and childcare financial services printing and publishing consumer products business services energy & Related Services and utilities distribution oil and gas media environmental services aerospace and defense building materials capital equipment chemicals plastics & rubber food & beverage wholesale manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock common stock warrants options senior secured debt subordinated debt subordinated loans first lien debt mezzanine loans and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans subordinated debt and other investments) in its portfolio companies with EBITDA between $10 to $50 million. Its mezzanine loans senior secured loans and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.