(Source: MARKETWIRE)
PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT)
announced that it plans to make a public offering of 8,000,000 shares
of its common stock. The Company has also granted the underwriters an
option to purchase up to an additional 1,200,000 shares of common
stock to cover over-allotments, if any. The offering price of the
shares will be determined by market conditions at the time of pricing
in consultation with the underwriters of the offering. The offering of
the shares will be made under the Company's shelf registration
statement, which was filed with, and has been declared effective by,
the Securities and Exchange Commission.
The Company expects to use the net proceeds for general corporate
purposes, including to repay outstanding indebtedness and to fund
investments in accordance with its investment objectives.
SunTrust Robinson Humphrey and BMO Capital Markets are acting as
joint bookrunners for the offering and Robert W. Baird & Co., FBR
Capital Markets, Keefe Bruyette & Woods, Stifel Nicholas, ING
Wholesale and Natixis Bleichroeder Inc. are acting as co-managers.
Investors are advised to carefully consider the investment
objectives, risks and charges and expenses of the Company before
investing. The prospectus supplement dated September 22, 2009 and the
accompanying prospectus dated September 22, 2009, which have been
filed with the Securities and Exchange Commission, contain this and
other information about the Company and should be read carefully
before investing.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor will there be any sale of the
shares referred to in this press release in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
state or jurisdiction. A registration statement relating to these
securities was filed and has been declared effective by the
Securities and Exchange Commission.
The offering may be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained from the joint
bookrunners. The principal business address of SunTrust Robinson
Humphrey, Inc. is 3333 Peachtree Road NE, Atlanta, GA 30326, Attn:
Prospectus Department, Phone: 404-926-5744, Email:
prospectus@rhco.com. The principal business address of BMO Capital
Markets Corp. is 3 Times Square, New York, NY 10036, Attn: Lori
Begley, Phone: 212-885-4039, Email: lori.begley@bmo.com.
About the Company
The Company is a business development company which principally
invests in U.S. middle-market private companies in the form of
mezzanine debt, senior secured loans and equity investments. From
time to time, the Company may also invest in public companies whose
securities are thinly traded. The Company is managed by PennantPark
Investment Advisers, LLC.
Forward-Looking Statements
Statements included herein may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are not guarantees of future
performance or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission. The Company undertakes no duty to
update any forward-looking statements made herein.
For More Information Contact:
Aviv Efrat
PennantPark Investment Corporation
(212) 905-1000
Or visit us on the web at: www.pennantpark.com
SOURCE: PennantPark Investment Corporation
A service of YellowBrix, Inc.
