Firm History—PennantPark was organized on January 11, 2007 and completed an initial public offering and a private placement of common stock, on April 24, 2007 which raised gross proceeds of $315 million after exercise of the underwriters' over-allotment option. On June 25, 2007, we closed on a $300 million, five-year credit facility priced at 100 basis points over the London Interbank Offered Rate, or LIBOR. We completed secondary offerings on September 29, 2009 and March 8, 2010 which raised gross proceeds of $38 million and $58 million, respectively, after exercise of the underwriters' over-allotment option |
