PennantPark Investment Corporation Unconsolidated Joint Venture, PennantPark Senior Loan Fund, LLC Completes $304 Million CLO
PennantPark Investment Corporation announced that PennantPark Senior Loan Fund, through PSLF’s wholly-owned and consolidated subsidiary, PennantPark CLO IV, LLC, has closed a four-year reinvestment period, 12-year final maturity $304.0 million debt securitization in the form of a collateralized loan obligation (“CLO”). The transaction is the fourth middle market CLO for PennantPark, which has issued CLO vehicles since 2019.
“PennantPark remains committed to the growth of our CLO platform, and I am pleased with the successful closing of the company’s fourth CLO, our third in the last two years,” said Art Penn, Chief Executive Officer. “Our ability to continually secure favorable execution underscores investors’ confidence in PennantPark’s long-term track record, and we look forward to expanding our efforts with a diversified investor base.”