PennantPark Investment Corporation (NYSE: PNNT) sold its equity stake in JF Intermediate, LLC for $67.5 million, realizing a gain of $63.1 million. This represents a significant portion of its equity investment portfolio. Additionally, PNNT increased its credit facility to $535 million, improving pricing and extending maturity to 2030. Chairman and CEO Art Penn expressed gratitude and optimism for future growth. The credit facility is secured by all company assets with standard covenants. PNNT focuses on US middle-market businesses, investing in various debt and equity instruments.

Read more at Yahoo Finance: PennantPark (PNNT) Exits JF Intermediate With $63.1M Realized Gain