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EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited)
March 31, 2023
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
Investments in Non-Controlled, Non-Affiliated Portfolio Companies—177.4% of Net Assets (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
First Lien Secured Debt—118.9% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
A1 Garage Merger Sub, LLC |
|
12/22/2028 |
|
Personal, Food and Miscellaneous Services |
|
|
11.12 |
% |
|
3M L+660 |
|
|
|
1,705 |
|
|
$ |
1,681 |
|
|
$ |
1,680 |
|
|
A1 Garage Merger Sub, LLC - Unfunded Term Loan |
|
12/21/2024 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
5,253 |
|
|
|
- |
|
|
|
- |
|
A1 Garage Merger Sub, LLC (Revolver) (7) |
|
12/22/2028 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
2,532 |
|
|
|
- |
|
|
|
(38 |
) |
Ad.net Acquisition, LLC (Revolver) |
|
05/07/2026 |
|
Media |
|
|
11.16 |
% |
|
3M L+600 |
|
|
|
178 |
|
|
|
178 |
|
|
|
176 |
|
|
Ad.net Acquisition, LLC (Revolver) (7) |
|
05/07/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
267 |
|
|
|
- |
|
|
|
(2 |
) |
Altamira Technologies, LLC (Revolver) |
|
07/24/2025 |
|
Aerospace and Defense |
|
|
10.55 |
% |
|
3M L+550 |
|
|
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
Altamira Technologies, LLC (Revolver) (7) |
|
07/24/2025 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
138 |
|
|
|
— |
|
|
|
- |
|
Anteriad, LLC (f/k/a MeritDirect, LLC) |
|
05/23/2024 |
|
Media |
|
|
11.46 |
% |
|
3M L+650 |
|
|
|
1,268 |
|
|
|
1,243 |
|
|
|
1,243 |
|
|
Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver) (7) |
|
05/23/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,612 |
|
|
|
— |
|
|
|
(48 |
) |
Any Hour Services |
|
07/21/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
10.49 |
% |
|
3M L+563 |
|
|
|
4,099 |
|
|
|
4,077 |
|
|
|
3,986 |
|
|
Any Hour Services (Revolver) (7) |
|
07/21/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
1,147 |
|
|
|
— |
|
|
|
(32 |
) |
Apex Service Partners, LLC |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
7.60 |
% |
|
1M L+550 |
|
|
|
1,331 |
|
|
|
1,331 |
|
|
|
1,324 |
|
|
Apex Service Partners, LLC Term Loan C |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
9.08 |
% |
|
1M L+550 |
|
|
|
1,893 |
|
|
|
1,876 |
|
|
|
1,883 |
|
|
Apex Service Partners, LLC (Revolver) |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
10.26 |
% |
|
3M L+525 |
|
|
|
466 |
|
|
|
466 |
|
|
|
464 |
|
|
Apex Service Partners, LLC (Revolver) (7) |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
466 |
|
|
|
— |
|
|
|
(2 |
) |
Applied Technical Services, LLC |
|
12/29/2026 |
|
Environmental Services |
|
|
10.91 |
% |
|
3M L+575 |
|
|
|
2,256 |
|
|
|
2,234 |
|
|
|
2,211 |
|
|
Applied Technical Services, LLC (7) |
|
04/21/2023 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
735 |
|
|
|
— |
|
|
|
(6 |
) |
Applied Technical Services, LLC (Revolver) |
|
12/29/2026 |
|
Environmental Services |
|
|
12.47 |
% |
|
3M P+475 |
|
|
|
825 |
|
|
|
825 |
|
|
|
809 |
|
|
Applied Technical Services, LLC (Revolver) (7) |
|
12/29/2026 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
175 |
|
|
|
— |
|
|
|
(4 |
) |
Arcfield Acquisition Corp. (Revolver) (7) |
|
03/07/2028 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,263 |
|
|
|
— |
|
|
|
(45 |
) |
Berwick Industrial Park |
|
05/02/2023 |
|
Buildings and Real Estate |
|
|
11.00 |
% |
|
|
— |
|
|
|
4,000 |
|
|
|
4,005 |
|
|
|
3,936 |
|
Beta Plus Technologies, Inc. |
|
07/01/2029 |
|
Business Services |
|
|
9.42 |
% |
|
SOFR+475 |
|
|
|
4,975 |
|
|
|
4,886 |
|
|
|
4,378 |
|
|
BioDerm, Inc. |
|
01/31/2028 |
|
Healthcare, Education and Childcare |
|
|
10.86 |
% |
|
3M L+650 |
|
|
|
9,000 |
|
|
|
8,895 |
|
|
|
8,865 |
|
|
BioDerm, Inc. (Revolver) (7) |
|
01/31/2028 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,071 |
|
|
|
— |
|
|
|
(16 |
) |
Blackhawk Industrial Distribution, Inc. |
|
09/17/2024 |
|
Distribution |
|
|
11.15 |
% |
|
3M L+625 |
|
|
|
1,407 |
|
|
|
1,394 |
|
|
|
1,375 |
|
|
Blackhawk Industrial Distribution, Inc.(7) |
|
09/17/2024 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
3,808 |
|
|
|
— |
|
|
|
(67 |
) |
Blackhawk Industrial Distribution, Inc. (Revolver) |
|
09/17/2024 |
|
Distribution |
|
|
11.15 |
% |
|
3M L+625 |
|
|
|
343 |
|
|
|
343 |
|
|
|
332 |
|
|
Blackhawk Industrial Distribution, Inc. (Revolver) (7) |
|
09/17/2024 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
3,203 |
|
|
|
— |
|
|
|
(104 |
) |
Broder Bros., Co. |
|
12/04/2025 |
|
Consumer Products |
|
|
10.73 |
% |
|
3M L+600 |
|
|
|
9,967 |
|
|
|
9,967 |
|
|
|
9,967 |
|
|
Cartessa Aesthetics, LLC |
|
06/14/2028 |
|
Distribution |
|
|
10.90 |
% |
|
1M L+600 |
|
|
|
34,229 |
|
|
|
33,618 |
|
|
|
33,887 |
|
|
Cartessa Aesthetics, LLC - (Revolver) |
|
06/14/2028 |
|
Distribution |
|
|
10.90 |
% |
|
1M L+600 |
|
|
|
1,265 |
|
|
|
1,265 |
|
|
|
1,253 |
|
|
Cartessa Aesthetics, LLC - (Revolver) (7) |
|
06/14/2028 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
2,297 |
|
|
|
— |
|
|
|
(23 |
) |
CF512, Inc. |
|
08/20/2026 |
|
Media |
|
|
10.96 |
% |
|
3M L+600 |
|
|
|
6,686 |
|
|
|
6,607 |
|
|
|
6,552 |
|
|
CF512, Inc.(Revolver) (7) |
|
08/20/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
909 |
|
|
|
— |
|
|
|
(18 |
) |
Compex Legal Services, Inc. |
|
02/09/2026 |
|
Business Services |
|
|
10.45 |
% |
|
3M L+555 |
|
|
|
849 |
|
|
|
840 |
|
|
|
849 |
|
|
Compex Legal Services, Inc. (Revolver) |
|
02/07/2025 |
|
Business Services |
|
|
10.45 |
% |
|
3M L+555 |
|
|
|
393 |
|
|
|
393 |
|
|
|
393 |
|
|
Compex Legal Services, Inc. (Revolver) (7) |
|
02/07/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
262 |
|
|
|
— |
|
|
|
— |
|
Connatix Buyer, Inc. (7) |
|
07/14/2023 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,158 |
|
|
|
— |
|
|
|
(87 |
) |
Connatix Buyer, Inc. (Revolver) (7) |
|
07/13/2027 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,859 |
|
|
|
— |
|
|
|
(70 |
) |
Confluent Health, LLC |
|
11/30/2028 |
|
Healthcare, Education and Childcare |
|
|
11.00 |
% |
|
3M P+300 |
|
|
|
2,000 |
|
|
|
1,860 |
|
|
|
1,860 |
|
|
Crane 1 Services, Inc. |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
10.91 |
% |
|
3M L+575 |
|
|
|
2,588 |
|
|
|
2,562 |
|
|
|
2,562 |
|
|
Crane 1 Services, Inc. (Revolver) |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
10.91 |
% |
|
1M L+575 |
|
|
|
78 |
|
|
|
78 |
|
|
|
77 |
|
|
Crane 1 Services, Inc. (Revolver) (7) |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
214 |
|
|
|
— |
|
|
|
(2 |
) |
DermaRite Industries LLC |
|
06/30/2023 |
|
Manufacturing / Basic Industries |
|
|
12.16 |
% |
|
1M L+700 |
|
|
|
8,755 |
|
|
|
8,749 |
|
|
|
3,169 |
|
|
Dr. Squatch, LLC |
|
08/31/2027 |
|
Personal and Non-Durable Consumer Products |
|
|
10.75 |
% |
|
3M L+575 |
|
|
|
12,853 |
|
|
|
12,688 |
|
|
|
12,661 |
|
|
Dr. Squatch, LLC (7) |
|
08/27/2026 |
|
Personal and Non-Durable Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
2,000 |
|
|
|
— |
|
|
|
(10 |
) |
Dr. Squatch, LLC (Revolver) |
|
08/31/2027 |
|
Personal and Non-Durable Consumer Products |
|
|
10.75 |
% |
|
1M L+575 |
|
|
|
1,551 |
|
|
|
1,551 |
|
|
|
1,527 |
|
|
Dr. Squatch, LLC (Revolver) (7) |
|
08/31/2027 |
|
Personal and Non-Durable Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
775 |
|
|
|
— |
|
|
|
(12 |
) |
DRS Holdings III, Inc. |
|
11/03/2025 |
|
Consumer Products |
|
|
10.59 |
% |
|
3M L+575 |
|
|
|
7 |
|
|
|
7 |
|
|
|
7 |
|
|
DRS Holdings III, Inc. (Revolver) (7) |
|
11/03/2025 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,783 |
|
|
|
— |
|
|
|
(52 |
) |
ECL Entertainment, LLC |
|
05/01/2028 |
|
Hotels, Motels, Inns and Gaming |
|
|
12.42 |
% |
|
1M L+750 |
|
|
|
19,059 |
|
|
|
18,930 |
|
|
|
18,881 |
|
|
ECM Industries, LLC (Revolver) |
|
12/23/2025 |
|
Electronics |
|
|
9.77 |
% |
|
3M L+450 |
|
|
|
97 |
|
|
|
97 |
|
|
|
93 |
|
|
ECM Industries, LLC (Revolver) (7) |
|
12/23/2025 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
421 |
|
|
|
— |
|
|
|
(18 |
) |
EDS Buyer, LLC |
|
12/22/2028 |
|
Aerospace and Defense |
|
|
11.15 |
% |
|
3M L+625 |
|
|
|
6,250 |
|
|
|
6,161 |
|
|
|
6,094 |
|
|
EDS Buyer, LLC - Unfunded Term Loan |
|
12/22/2028 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
5,625 |
|
|
|
— |
|
|
|
(70 |
) |
EDS Buyer, LLC - (Revolver) (7) |
|
12/22/2028 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
1,687 |
|
|
|
— |
|
|
|
(42 |
) |
Exigo Intermediate II, LLC |
|
03/15/2027 |
|
Business Services |
|
|
10.59 |
% |
|
3M L+575 |
|
|
|
24,750 |
|
|
|
24,438 |
|
|
|
24,255 |
|
|
Exigo Intermediate II, LLC (7) |
|
03/15/2024 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
7,424 |
|
|
|
— |
|
|
|
(93 |
) |
Exigo Intermediate II, LLC (Revolver) (7) |
|
03/15/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,856 |
|
|
|
— |
|
|
|
(37 |
) |
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited) - (Continued)
March 31, 2023
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
Fairbanks Morse Defense |
|
06/17/2028 |
|
Aerospace and Defense |
|
|
9.48 |
% |
|
3M L+475 |
|
|
|
738 |
|
|
$ |
735 |
|
|
$ |
702 |
|
|
Five Star Buyer, Inc. |
|
02/23/2028 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
11.90 |
% |
|
3M L+700 |
|
|
|
5,173 |
|
|
|
5,070 |
|
|
|
5,069 |
|
|
Five Star Buyer, Inc. - Unfunded Term Loan |
|
02/23/2028 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
— |
|
|
|
— |
|
|
|
1,079 |
|
|
|
— |
|
|
|
(22 |
) |
Five Star Buyer, Inc. - Unfunded Revolver |
|
02/23/2028 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
— |
|
|
|
— |
|
|
|
670 |
|
|
|
— |
|
|
|
(14 |
) |
Gantech Acquisition Corp. |
|
05/14/2026 |
|
Business Services |
|
|
11.09 |
% |
|
1M L+625 |
|
|
|
16,637 |
|
|
|
16,408 |
|
|
|
16,055 |
|
|
Gantech Acquisition Corp. (Revolver) |
|
05/14/2026 |
|
Business Services |
|
|
11.09 |
% |
|
1M L+625 |
|
|
|
862 |
|
|
|
863 |
|
|
|
833 |
|
|
Gantech Acquisition Corp. (Revolver) (7) |
|
05/14/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,128 |
|
|
|
— |
|
|
|
(40 |
) |
Graffiti Buyer, Inc. |
|
08/10/2027 |
|
Distribution |
|
|
10.66 |
% |
|
3M L+550 |
|
|
|
227 |
|
|
|
225 |
|
|
|
225 |
|
|
Graffiti Buyer, Inc. (7) |
|
08/10/2023 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
665 |
|
|
|
— |
|
|
|
— |
|
Graffiti Buyer, Inc. (Revolver) |
|
08/10/2027 |
|
Distribution |
|
|
10.66 |
% |
|
3M L+550 |
|
|
|
451 |
|
|
|
451 |
|
|
|
446 |
|
|
Graffiti Buyer, Inc. (Revolver) (7) |
|
08/10/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
318 |
|
|
|
— |
|
|
|
(3 |
) |
Hancock Roofing and Construction L.L.C. |
|
12/31/2026 |
|
Insurance |
|
|
10.30 |
% |
|
1M L+550 |
|
|
|
160 |
|
|
|
160 |
|
|
|
157 |
|
|
Hancock Roofing and Construction L.L.C. (Revolver) (7) |
|
12/31/2026 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
590 |
|
|
|
— |
|
|
|
(12 |
) |
Holdco Sands Intermediate, LLC |
|
11/23/2028 |
|
Aerospace and Defense |
|
|
10.17 |
% |
|
3M L+600 |
|
|
|
1,908 |
|
|
|
1,876 |
|
|
|
1,889 |
|
|
Holdco Sands Intermediate, LLC (Revolver) (7) |
|
11/23/2027 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
3,941 |
|
|
|
— |
|
|
|
(39 |
) |
HV Watterson Holdings, LLC |
|
12/17/2026 |
|
Business Services |
|
|
11.41 |
% |
|
1M L+625 |
|
|
|
280 |
|
|
|
278 |
|
|
|
272 |
|
|
HV Watterson Holdings, LLC (7) |
|
12/17/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,219 |
|
|
|
— |
|
|
|
(43 |
) |
HV Watterson Holdings, LLC - (Revolver) |
|
12/17/2026 |
|
Business Services |
|
|
11.41 |
% |
|
3M L+625 |
|
|
|
1,050 |
|
|
|
1,050 |
|
|
|
1,022 |
|
|
HV Watterson Holdings, LLC - (Revolver)(7) |
|
12/17/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
200 |
|
|
|
— |
|
|
|
(5 |
) |
HW Holdco, LLC |
|
12/10/2024 |
|
Media |
|
|
9.78 |
% |
|
3M L+500 |
|
|
|
11,237 |
|
|
|
11,140 |
|
|
|
11,069 |
|
|
HW Holdco, LLC (7) |
|
12/10/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,858 |
|
|
|
— |
|
|
|
(9 |
) |
HW Holdco, LLC (Revolver) (7) |
|
12/10/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,387 |
|
|
|
— |
|
|
|
(51 |
) |
Icon Partners III, LP |
|
05/11/2028 |
|
Auto Sector |
|
|
9.32 |
% |
|
3M L+450 |
|
|
|
1,985 |
|
|
|
1,606 |
|
|
|
1,395 |
|
|
IDC Infusion Services, Inc. |
|
12/30/2026 |
|
Healthcare, Education and Childcare |
|
|
11.90 |
% |
|
3M L+700 |
|
|
|
3,667 |
|
|
|
3,568 |
|
|
|
3,593 |
|
|
IDC Infusion Services, Inc. (Revolver) (7) |
|
12/30/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
4,167 |
|
|
|
— |
|
|
|
(146 |
) |
IG Investments Holdings, LLC (Revolver) (7) |
|
09/22/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
477 |
|
|
|
— |
|
|
|
(7 |
) |
Imagine Acquisitionco, LLC (7) |
|
11/15/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,341 |
|
|
|
— |
|
|
|
(47 |
) |
Imagine Acquisitionco, LLC (Revolver) (7) |
|
11/15/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,685 |
|
|
|
— |
|
|
|
(51 |
) |
Inception Fertility Ventures, LLC |
|
12/07/2023 |
|
Healthcare, Education and Childcare |
|
|
11.95 |
% |
|
3M L+715 |
|
|
|
20,403 |
|
|
|
20,248 |
|
|
|
19,995 |
|
|
Infinity Home Services Holdco, Inc. |
|
12/28/2028 |
|
Personal, Food and Miscellaneous Services |
|
|
11.73 |
% |
|
3M L+685 |
|
|
|
517 |
|
|
|
517 |
|
|
|
506 |
|
|
Infinity Home Services Holdco, Inc. - Unfunded Term Loan |
|
12/28/2023 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
3,230 |
|
|
|
— |
|
|
|
(65 |
) |
Infinity Home Services Holdco, Inc.(Revolver) |
|
12/28/2028 |
|
Personal, Food and Miscellaneous Services |
|
|
13.75 |
% |
|
3M L+575 |
|
|
|
97 |
|
|
|
97 |
|
|
|
95 |
|
|
Infinity Home Services Holdco, Inc.(Revolver) (7) |
|
12/28/2028 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
678 |
|
|
|
— |
|
|
|
(14 |
) |
Infolinks Media Buyco, LLC (7) |
|
11/01/2023 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,372 |
|
|
|
— |
|
|
|
24 |
|
Integrity Marketing Acquisition, LLC |
|
08/27/2025 |
|
Insurance |
|
|
11.00 |
% |
|
3M L+605 |
|
|
|
9,930 |
|
|
|
9,885 |
|
|
|
9,831 |
|
|
ITI Holdings, Inc. |
|
03/03/2028 |
|
Business Services |
|
|
10.58 |
% |
|
3M L+550 |
|
|
|
8,883 |
|
|
|
8,751 |
|
|
|
8,705 |
|
|
ITI Holdings, Inc. (Revolver) |
|
03/03/2028 |
|
Business Services |
|
|
10.45 |
% |
|
3M L+550 |
|
|
|
942 |
|
|
|
942 |
|
|
|
923 |
|
|
ITI Holdings, Inc. (Revolver) (7) |
|
03/03/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
548 |
|
|
|
— |
|
|
|
(11 |
) |
K2 Pure Solutions NoCal, L.P. |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
11.95 |
% |
|
1M L+700 |
|
|
|
10,853 |
|
|
|
10,826 |
|
|
|
10,853 |
|
|
K2 Pure Solutions NoCal, L.P. (Revolver) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
12.91 |
% |
|
1M L+800 |
|
|
|
485 |
|
|
|
485 |
|
|
|
485 |
|
|
K2 Pure Solutions NoCal, L.P. (Revolver) (7) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,454 |
|
|
|
— |
|
|
|
— |
|
Kinetic Purchaser, LLC |
|
11/10/2027 |
|
Consumer Products |
|
|
11.16 |
% |
|
3M L+600 |
|
|
|
24,219 |
|
|
|
23,734 |
|
|
|
23,856 |
|
|
Kinetic Purchaser, LLC (Revolver) |
|
11/10/2026 |
|
Consumer Products |
|
|
11.16 |
% |
|
3M L+600 |
|
|
|
3,883 |
|
|
|
3,883 |
|
|
|
3,825 |
|
|
Kinetic Purchaser, LLC (Revolver) (7) |
|
11/10/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
971 |
|
|
|
— |
|
|
|
(15 |
) |
Lash OpCo, LLC |
|
02/18/2027 |
|
Consumer Products |
|
|
11.84 |
% |
|
1M L+700 |
|
|
|
2,814 |
|
|
|
2,765 |
|
|
|
2,757 |
|
|
Lash OpCo, LLC (Revolver) |
|
08/16/2026 |
|
Consumer Products |
|
|
11.84 |
% |
|
1M L+700 |
|
|
|
1,092 |
|
|
|
1,092 |
|
|
|
1,070 |
|
|
Lash OpCo, LLC (Revolver) (7) |
|
08/16/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
728 |
|
|
|
— |
|
|
|
(15 |
) |
LAV Gear Holdings, Inc. |
|
10/31/2024 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
10.55 |
% |
|
1M L+550 |
|
|
|
2,102 |
|
|
|
2,083 |
|
|
|
2,072 |
|
|
|
|
|
|
|
|
(PIK 5.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
LAV Gear Holdings, Inc. - Unfunded Term Loan |
|
10/31/2024 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
— |
|
|
|
— |
|
|
|
51 |
|
|
|
— |
|
|
|
(1 |
) |
Ledge Lounger, Inc. |
|
11/09/2026 |
|
Consumer Products |
|
|
11.15 |
% |
|
3M L+625 |
|
|
|
9,131 |
|
|
|
8,992 |
|
|
|
8,949 |
|
|
Ledge Lounger, Inc. (Revolver) |
|
11/09/2026 |
|
Consumer Products |
|
|
11.15 |
% |
|
3M L+625 |
|
|
|
966 |
|
|
|
966 |
|
|
|
947 |
|
|
Ledge Lounger, Inc. (Revolver) (7) |
|
11/09/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
966 |
|
|
|
— |
|
|
|
(19 |
) |
Lightspeed Buyer Inc. |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
10.34 |
% |
|
1M L+550 |
|
|
|
2,209 |
|
|
|
2,196 |
|
|
|
2,154 |
|
|
Lightspeed Buyer Inc. (Revolver) (7) |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,166 |
|
|
|
— |
|
|
|
(29 |
) |
Limerick Town Cener, LLC |
|
09/27/2023 |
|
Real Estate |
|
|
12.50 |
% |
|
|
— |
|
|
|
3,000 |
|
|
|
2,985 |
|
|
|
2,994 |
|
LJ Avalon Holdings, LLC - Unfunded Term Loan |
|
07/31/2024 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
1,467 |
|
|
|
— |
|
|
|
(7 |
) |
LJ Avalon Holdings, LLC (Revolver)(7) |
|
01/31/2030 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
587 |
|
|
|
— |
|
|
|
(12 |
) |
LSF9 Atlantis Holdings, LLC |
|
03/31/2029 |
|
Retail |
|
|
12.15 |
% |
|
SOFR+725 |
|
|
|
5,850 |
|
|
|
5,641 |
|
|
|
5,684 |
|
|
Mars Acquisition Holdings Corp. |
|
05/14/2026 |
|
Media |
|
|
10.55 |
% |
|
3M L+550 |
|
|
|
4,901 |
|
|
|
4,814 |
|
|
|
4,852 |
|
|
Mars Acquisition Holdings Corp. (Revolver)(7) |
|
05/14/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,209 |
|
|
|
— |
|
|
|
(12 |
) |
MBS Holdings, Inc. (Revolver) (7) |
|
04/16/2027 |
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
694 |
|
|
|
— |
|
|
|
(7 |
) |
MDI Buyer, Inc. |
|
07/25/2028 |
|
Chemicals, Plastics and Rubber |
|
|
10.79 |
% |
|
3M L+600 |
|
|
|
20,236 |
|
|
|
19,911 |
|
|
|
19,785 |
|
|
MDI Buyer, Inc. (Revolver) |
|
07/25/2028 |
|
Chemicals, Plastics and Rubber |
|
|
10.30 |
% |
|
3M L+600 |
|
|
|
683 |
|
|
|
683 |
|
|
|
668 |
|
|
MDI Buyer, Inc. (Revolver) (7) |
|
07/25/2028 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,544 |
|
|
|
— |
|
|
|
(19 |
) |
Meadowlark Acquirer, LLC |
|
12/10/2027 |
|
Business Services |
|
|
10.41 |
% |
|
3M L+525 |
|
|
|
1,947 |
|
|
|
1,929 |
|
|
|
1,927 |
|
|
Meadowlark Acquirer, LLC Term Loan I (7) |
|
12/10/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,038 |
|
|
|
— |
|
|
|
— |
|
Meadowlark Acquirer, LLC Term Loan II (7) |
|
12/10/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
8,922 |
|
|
|
— |
|
|
|
— |
|
Meadowlark Acquirer, LLC (Revolver) (7) |
|
12/10/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,685 |
|
|
|
— |
|
|
|
(17 |
) |
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited) - (Continued)
March 31, 2023
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
Municipal Emergency Services, Inc. |
|
09/28/2027 |
|
Distribution |
|
|
11.05 |
% |
|
3M L+600 |
|
|
|
1,862 |
|
|
$ |
1,845 |
|
|
$ |
1,784 |
|
|
Municipal Emergency Services, Inc. (7) |
|
09/28/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
— |
|
|
|
— |
|
Municipal Emergency Services, Inc. - Unfunded Term Loan A |
|
06/16/2023 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
1,255 |
|
|
|
— |
|
|
|
(34 |
) |
Municipal Emergency Services, Inc. - Unfunded Term Loan B |
|
12/16/2024 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
2,510 |
|
|
|
— |
|
|
|
(105 |
) |
Municipal Emergency Services, Inc. (Revolver) |
|
09/28/2027 |
|
Distribution |
|
|
11.05 |
% |
|
3M L+600 |
|
|
|
1,128 |
|
|
|
1,128 |
|
|
|
1,081 |
|
|
Municipal Emergency Services, Inc. (Revolver) (7) |
|
09/28/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
752 |
|
|
|
— |
|
|
|
(32 |
) |
NBH Group LLC (Revolver) (7) |
|
08/19/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,163 |
|
|
|
— |
|
|
|
— |
|
Neptune Flood Incorporated |
|
10/14/2026 |
|
Financial Services |
|
|
10.82 |
% |
|
1M L+600 |
|
|
|
3,117 |
|
|
|
3,099 |
|
|
|
3,117 |
|
|
One Stop Mailing, LLC |
|
05/07/2027 |
|
Cargo Transport |
|
|
11.09 |
% |
|
3M L+625 |
|
|
|
6,972 |
|
|
|
6,863 |
|
|
|
6,763 |
|
|
ORL Acquisition, Inc. |
|
09/03/2027 |
|
Business Services |
|
|
10.41 |
% |
|
3M L+525 |
|
|
|
4,431 |
|
|
|
4,362 |
|
|
|
4,387 |
|
|
ORL Acquisition, Inc. (Revolver) (7) |
|
09/03/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
597 |
|
|
|
— |
|
|
|
(6 |
) |
Ox Two, LLC |
|
05/18/2026 |
|
Building Materials |
|
|
12.41 |
% |
|
1M L+725 |
|
|
|
15,313 |
|
|
|
15,138 |
|
|
|
14,853 |
|
|
Ox Two, LLC (Revolver) (7) |
|
05/18/2026 |
|
Building Materials |
|
|
— |
|
|
|
— |
|
|
|
2,419 |
|
|
|
— |
|
|
|
(73 |
) |
Pequod Merger Sub, Inc. - Term Loan |
|
12/02/2026 |
|
Financial Services |
|
|
11.32 |
% |
|
3M L+640 |
|
|
|
11,532 |
|
|
|
11,301 |
|
|
|
11,301 |
|
|
Pequod Merger Sub, Inc. - Unfunded Term Loan |
|
12/02/2026 |
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
2,847 |
|
|
|
— |
|
|
|
— |
|
Pequod Merger Sub, Inc. (Revolver) (7) |
|
12/02/2026 |
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
757 |
|
|
|
— |
|
|
|
— |
|
PL Acquisitionco, LLC (Revolver) (7) |
|
11/09/2027 |
|
Retail |
|
|
— |
|
|
|
— |
|
|
|
3,236 |
|
|
|
— |
|
|
|
(146 |
) |
Pragmatic Institute, LLC |
|
07/06/2028 |
|
Business Services |
|
|
10.64 |
% |
|
3M L+575 |
|
|
|
35,163 |
|
|
|
34,685 |
|
|
|
34,636 |
|
|
Pragmatic Institute, LLC Term Loan (7) |
|
07/06/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
7,193 |
|
|
|
— |
|
|
|
(36 |
) |
Pragmatic Institute, LL (Revolver) |
|
07/06/2028 |
|
Business Services |
|
|
10.64 |
% |
|
3M L+575 |
|
|
|
959 |
|
|
|
959 |
|
|
|
945 |
|
|
Pragmatic Institute, LL (Revolver) (7) |
|
07/06/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
3,836 |
|
|
|
— |
|
|
|
(58 |
) |
Quantic Electronics, LLC |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
11.21 |
% |
|
1M L+625 |
|
|
|
1,498 |
|
|
|
1,487 |
|
|
|
1,476 |
|
|
Quantic Electronics, LLC - Unfunded Term Loan |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
584 |
|
|
|
— |
|
|
|
(3 |
) |
Quantic Electronics, LLC (Revolver) |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
11.21 |
% |
|
3M L+625 |
|
|
|
423 |
|
|
|
423 |
|
|
|
416 |
|
|
Quantic Electronics, LLC (Revolver) (7) |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
106 |
|
|
|
— |
|
|
|
(2 |
) |
Questex, LLC |
|
09/09/2024 |
|
Media |
|
|
8.98 |
% |
|
3M L+500 |
|
|
|
21,488 |
|
|
|
21,365 |
|
|
|
21,273 |
|
|
Questex, LLC (Revolver) (7) |
|
09/09/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,590 |
|
|
|
— |
|
|
|
(36 |
) |
Radius Aerospace, Inc. (Revolver) |
|
03/31/2025 |
|
Aerospace and Defense |
|
|
10.78 |
% |
|
3M L+575 |
|
|
|
371 |
|
|
|
371 |
|
|
|
364 |
|
|
Radius Aerospace, Inc. (Revolver) (7) |
|
03/31/2025 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
1,856 |
|
|
|
— |
|
|
|
(37 |
) |
Rancho Health MSO, Inc. (7) |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
10.48 |
% |
|
3M L+575 |
|
|
|
289 |
|
|
|
289 |
|
|
|
289 |
|
|
Rancho Health MSO, Inc. - Unfunded Term Loan |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
761 |
|
|
|
— |
|
|
|
— |
|
Rancho Health MSO, Inc. (Revolver) (7) |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
525 |
|
|
|
— |
|
|
|
— |
|
Reception Purchaser, LLC |
|
02/28/2028 |
|
Transportation |
|
|
10.83 |
% |
|
SOFR+600 |
|
|
|
5,940 |
|
|
|
5,861 |
|
|
|
5,665 |
|
|
Recteq, LLC (Revolver) |
|
01/29/2026 |
|
Consumer Products |
|
|
11.41 |
% |
|
3M L+625 |
|
|
|
188 |
|
|
|
188 |
|
|
|
180 |
|
|
Recteq, LLC (Revolver) (7) |
|
01/29/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
939 |
|
|
|
— |
|
|
|
(38 |
) |
Research Now Group, Inc. and Dynata, LLC |
|
12/20/2024 |
|
Business Services |
|
|
10.31 |
% |
|
3M L+550 |
|
|
|
125 |
|
|
|
125 |
|
|
|
95 |
|
|
Riverpoint Medical, LLC (Revolver) (7) |
|
06/20/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
364 |
|
|
|
— |
|
|
|
(5 |
) |
Riverside Assessments, LLC |
|
03/10/2025 |
|
Education |
|
|
10.67 |
% |
|
3M L+575 |
|
|
|
12,773 |
|
|
|
12,612 |
|
|
|
12,581 |
|
|
Sales Benchmark Index LLC (Revolver) (7) |
|
01/03/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
732 |
|
|
|
— |
|
|
|
(4 |
) |
Sargent & Greenleaf Inc. (Revolver) |
|
12/20/2024 |
|
Electronics |
|
|
12.26 |
% |
|
3M L+450 |
|
|
|
453 |
|
|
|
453 |
|
|
|
445 |
|
|
Sargent & Greenleaf Inc. (Revolver) (7) |
|
12/20/2024 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
154 |
|
|
|
- |
|
|
|
(3 |
) |
Schlesinger Global, Inc. |
|
07/14/2025 |
|
Business Services |
|
|
11.41 |
% |
|
3M L+650 |
|
|
|
4,667 |
|
|
|
4,622 |
|
|
|
4,562 |
|
|
Schlesinger Global, Inc. (Revolver) |
|
07/14/2025 |
|
Business Services |
|
|
11.41 |
% |
|
3M L+650 |
|
|
|
30 |
|
|
|
30 |
|
|
|
30 |
|
|
|
|
|
|
|
|
(PIK 0.5%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Schlesinger Global, Inc. (Revolver)(7) |
|
07/14/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
8 |
|
|
|
— |
|
|
|
— |
|
Seaway Buyer, LLC |
|
06/13/2029 |
|
Chemicals, Plastics and Rubber |
|
|
10.95 |
% |
|
1M L+605 |
|
|
|
4,776 |
|
|
|
4,711 |
|
|
|
4,657 |
|
|
Seaway Buyer, LLC (Revolver)(7) |
|
06/13/2029 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
3,126 |
|
|
|
— |
|
|
|
(78 |
) |
Shiftkey, LLC |
|
06/21/2027 |
|
Business Services |
|
|
10.91 |
% |
|
1M L+575 |
|
|
|
17,865 |
|
|
|
17,710 |
|
|
|
17,472 |
|
|
Sigma Defense Systems, LLC |
|
12/18/2025 |
|
Telecommunications |
|
|
13.66 |
% |
|
1M L+850 |
|
|
|
31,273 |
|
|
|
30,655 |
|
|
|
30,725 |
|
|
Sigma Defense Systems, LLC (Revolver) |
|
12/18/2025 |
|
Telecommunications |
|
|
13.66 |
% |
|
1M L+850 |
|
|
|
2,232 |
|
|
|
2,232 |
|
|
|
2,193 |
|
|
Sigma Defense Systems, LLC (Revolver) (7) |
|
12/18/2025 |
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
744 |
|
|
|
— |
|
|
|
(13 |
) |
Signature Systems Holding Company (Revolver) (7) |
|
05/03/2024 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
2,016 |
|
|
|
— |
|
|
|
— |
|
Solutionreach, Inc. (Revolver) (7) |
|
01/17/2024 |
|
Communications |
|
|
— |
|
|
|
— |
|
|
|
1,665 |
|
|
|
— |
|
|
|
(80 |
) |
Spendmend Holdings LLC |
|
03/01/2028 |
|
Business Services |
|
|
10.61 |
% |
|
1M L+565 |
|
|
|
9,656 |
|
|
|
9,542 |
|
|
|
9,386 |
|
|
Spendmend Holdings LLC (7) |
|
03/01/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,784 |
|
|
|
— |
|
|
|
(57 |
) |
Spendmend Holdings LLC - Funded Revolver |
|
03/01/2028 |
|
Business Services |
|
|
10.61 |
% |
|
3M L+565 |
|
|
|
561 |
|
|
|
561 |
|
|
|
545 |
|
|
Spendmend Holdings LLC - Unfunded Revolver (7) |
|
03/01/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
841 |
|
|
|
— |
|
|
|
(24 |
) |
System Planning and Analysis, Inc. - (Revolver) |
|
08/16/2027 |
|
Aerospace and Defense |
|
|
11.10 |
% |
|
3M L+590 |
|
|
|
836 |
|
|
|
836 |
|
|
|
823 |
|
|
System Planning and Analysis, Inc. - (Revolver) (7) |
|
08/16/2027 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,089 |
|
|
|
— |
|
|
|
(31 |
) |
The Aegis Technologies Group, LLC |
|
10/31/2025 |
|
Aerospace and Defense |
|
|
11.55 |
% |
|
3M L+650 |
|
|
|
1,126 |
|
|
|
1,098 |
|
|
|
1,104 |
|
|
The Bluebird Group LLC |
|
07/27/2026 |
|
Business Services |
|
|
12.15 |
% |
|
3M L+725 |
|
|
|
4,835 |
|
|
|
4,757 |
|
|
|
4,767 |
|
|
The Bluebird Group LLC (Revolver) (7) |
|
07/27/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
734 |
|
|
|
— |
|
|
|
(11 |
) |
The Vertex Companies, LLC |
|
08/30/2027 |
|
Business Services |
|
|
9.96 |
% |
|
3M L+550 |
|
|
|
1,745 |
|
|
|
1,729 |
|
|
|
1,709 |
|
|
The Vertex Companies, LLC (7) |
|
08/30/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
466 |
|
|
|
— |
|
|
|
(5 |
) |
The Vertex Companies, LLC (Revolver) |
|
08/30/2027 |
|
Business Services |
|
|
10.01 |
% |
|
3M L+550 |
|
|
|
192 |
|
|
|
192 |
|
|
|
188 |
|
|
The Vertex Companies, LLC (Revolver) (7) |
|
08/30/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
548 |
|
|
|
— |
|
|
|
(12 |
) |
TVC Enterprises, LLC |
|
03/26/2026 |
|
Transportation |
|
|
10.59 |
% |
|
1M L+575 |
|
|
|
12,597 |
|
|
|
12,365 |
|
|
|
12,408 |
|
|
TVC Enterprises, LLC (Revolver) (7) |
|
03/26/2026 |
|
Transportation |
|
|
— |
|
|
|
— |
|
|
|
1,370 |
|
|
|
— |
|
|
|
(21 |
) |
TWS Acquisition Corporation |
|
06/16/2025 |
|
Education |
|
|
11.39 |
% |
|
1M L+625 |
|
|
|
1,143 |
|
|
|
1,143 |
|
|
|
1,143 |
|
|
TWS Acquisition Corporation (Revolver) (7) |
|
06/16/2025 |
|
Education |
|
|
— |
|
|
|
— |
|
|
|
1,644 |
|
|
|
— |
|
|
|
— |
|
Tyto Athene, LLC (Revolver) (7) |
|
04/01/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
364 |
|
|
|
— |
|
|
|
(34 |
) |
Unique Indoor Comfort, LLC |
|
05/24/2027 |
|
Home and Office Furnishings |
|
|
10.30 |
% |
|
1M L+525 |
|
|
|
36,648 |
|
|
|
36,266 |
|
|
|
36,428 |
|
|
Unique Indoor Comfort, LLC (7) |
|
05/24/2027 |
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
6,540 |
|
|
|
— |
|
|
|
26 |
|
Unique Indoor Comfort, LLC (Revolver) (7) |
|
05/24/2027 |
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
3,000 |
|
|
|
— |
|
|
|
(18 |
) |
Urology Management Holdings, Inc. |
|
06/15/2026 |
|
Healthcare, Education and Childcare |
|
|
11.36 |
% |
|
3M L+625 |
|
|
|
3,879 |
|
|
|
3,805 |
|
|
|
3,763 |
|
|
Urology Management Holdings, Inc. - Unfunded Term Loan |
|
02/01/2024 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
7,222 |
|
|
|
— |
|
|
|
(216 |
) |
Wildcat Buyerco, Inc. |
|
02/27/2026 |
|
Electronics |
|
|
10.80 |
% |
|
3M L+575 |
|
|
|
3,815 |
|
|
|
3,764 |
|
|
|
3,720 |
|
|
Wildcat Buyerco, Inc. (Revolver) |
|
02/27/2026 |
|
Electronics |
|
|
11.46 |
% |
|
3M L+585 |
|
|
|
176 |
|
|
|
176 |
|
|
|
172 |
|
|
Wildcat Buyerco, Inc. (Revolver) (7) |
|
02/27/2026 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
398 |
|
|
|
— |
|
|
|
(10 |
) |
Zips Car Wash, LLC |
|
03/01/2024 |
|
Auto Sector |
|
|
12.11 |
% |
|
3M L+725 |
|
|
|
2,611 |
|
|
|
2,596 |
|
|
|
2,552 |
|
|
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
601,494 |
|
|
|
589,649 |
|
|||
Second Lien Secured Debt—22.4% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited) - (Continued)
March 31, 2023
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
Ascensus Holdings, Inc. |
|
08/02/2028 |
|
|
Financial Services |
|
|
11.31 |
% |
|
3M L+650 |
|
|
|
3,000 |
|
|
$ |
2,698 |
|
|
$ |
2,680 |
|
||
Atlas Purchaser, Inc |
|
05/07/2029 |
|
|
Telecommunications |
|
|
14.20 |
% |
|
3M L+900 |
|
|
|
17,000 |
|
|
|
16,575 |
|
|
|
13,532 |
|
||
Best Practice Associates LLC |
|
06/29/2027 |
|
|
Aerospace and Defense |
|
|
14.16 |
% |
|
3M L+900 |
|
|
|
17,825 |
|
|
|
17,532 |
|
|
|
17,290 |
|
||
Burgess Point Purchaser Corporation |
|
07/28/2030 |
|
|
Auto Sector |
|
|
13.91 |
% |
|
3M L+900 |
|
|
|
8,000 |
|
|
|
7,967 |
|
|
|
7,760 |
|
||
ENC Parent Corporation |
|
08/19/2029 |
|
|
Business Services |
|
|
12.66 |
% |
|
3M L+750 |
|
|
|
7,500 |
|
|
|
7,436 |
|
|
|
6,975 |
|
||
Halo Buyer, Inc. |
|
07/06/2026 |
|
|
Consumer Products |
|
|
13.16 |
% |
|
1M L+825 |
|
|
|
32,500 |
|
|
|
32,197 |
|
|
|
31,769 |
|
||
Inventus Power, Inc. |
|
09/29/2024 |
|
|
Electronics |
|
|
13.23 |
% |
|
3M L+850 |
|
|
|
16,593 |
|
|
|
16,436 |
|
|
|
16,427 |
|
||
QuantiTech LLC |
|
02/04/2027 |
|
|
Aerospace and Defense |
|
|
14.71 |
% |
|
3M L+1,000 |
|
|
|
150 |
|
|
|
148 |
|
|
|
149 |
|
||
VT Topco, Inc. |
|
08/17/2026 |
|
|
Business Services |
|
|
11.59 |
% |
|
3M L+675 |
|
|
|
15,000 |
|
|
|
14,938 |
|
|
|
14,700 |
|
||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,927 |
|
|
|
111,282 |
|
||||
Subordinated Debt/Corporate Notes—10.6% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Express Wash Acquisition Company, LLC |
|
01/15/2029 |
|
|
Auto Sector |
|
|
16.66 |
% |
|
3M L+1,150 |
|
|
|
21,000 |
|
|
|
20,314 |
|
|
|
19,572 |
|
||
Flock Financial, LLC |
|
05/26/2027 |
|
|
Financial Services |
|
|
12.50 |
% |
|
|
— |
|
|
|
34,000 |
|
|
|
33,256 |
|
|
|
32,980 |
|
|
Total Subordinated Debt/Corporate Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,570 |
|
|
|
52,552 |
|
||||
Preferred Equity/Partnership Interests—2.5% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ad.net Holdings, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,400 |
|
|
|
240 |
|
|
|
276 |
|
AH Newco Equityholdings, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
6.00 |
% |
|
|
— |
|
|
|
211 |
|
|
|
500 |
|
|
|
1,967 |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,135 |
|
|
|
1,135 |
|
|
|
1,470 |
|
Cartessa Aesthetics, LLC |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
3,562,500 |
|
|
|
3,563 |
|
|
|
4,406 |
|
Imagine Topco, LP |
|
|
— |
|
|
Business Services |
|
|
8.00 |
% |
|
|
— |
|
|
|
743,826 |
|
|
|
744 |
|
|
|
702 |
|
Mars Intermediate Holdings II, Inc (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
414 |
|
|
|
414 |
|
|
|
498 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
160 |
|
|
|
160 |
|
|
|
148 |
|
ORL Holdco, Inc. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
575 |
|
|
|
58 |
|
|
|
65 |
|
Signature CR Intermediate Holdco, Inc. |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
12.00 |
% |
|
|
— |
|
|
|
1,527 |
|
|
|
1,527 |
|
|
|
2,347 |
|
TPC Holding Company, LP (8),(11) |
|
|
— |
|
|
Food |
|
|
— |
|
|
|
— |
|
|
|
219 |
|
|
|
219 |
|
|
|
305 |
|
TWD Parent Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
30 |
|
|
|
30 |
|
|
|
35 |
|
(The Vertex Companies, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Preferred Equity/Partnership Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,590 |
|
|
|
12,219 |
|
||||
Common Equity/Partnership Interests/Warrants—23.0% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
A1 Garage Equity, LLC |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
2,193,038 |
|
|
|
2,193 |
|
|
|
2,193 |
|
Ad.net Holdings, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,667 |
|
|
|
26 |
|
|
|
6 |
|
Affinion Group Holdings, Inc. (Warrants) |
|
04/10/2024 |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
77,190 |
|
|
|
2,126 |
|
|
|
— |
|
|
AG Investco LP (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
805,164 |
|
|
|
805 |
|
|
|
1,206 |
|
AG Investco LP (7), (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
194,836 |
|
|
|
— |
|
|
|
— |
|
Altamira Intermediate Company II, Inc. |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
125,000 |
|
|
|
125 |
|
|
|
110 |
|
AMCSI Crash Co-Invest, LP |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
2,489,777 |
|
|
|
2,490 |
|
|
|
3,215 |
|
AMCSI Crash Co-Invest, LP (7) |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
510,223 |
|
|
|
— |
|
|
|
— |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,135 |
|
|
|
— |
|
|
|
94 |
|
Athletico Holdings, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
9,357 |
|
|
|
10,000 |
|
|
|
7,566 |
|
Atlas Investment Aggregator, LLC (9) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
1,700,000 |
|
|
|
1,700 |
|
|
|
722 |
|
BioDerm, Inc. |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,312 |
|
|
|
1,312 |
|
|
|
1,312 |
|
Burgess Point Holdings, LP |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
680 |
|
|
|
680 |
|
|
|
717 |
|
Connatix Parent, LLC |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
57,416 |
|
|
|
632 |
|
|
|
491 |
|
Cowboy Parent LLC |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
27,778 |
|
|
|
3,015 |
|
|
|
4,559 |
|
(Blackhawk Industrial Distribution, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Crane 1 Acquisition Parent Holdings, L.P. |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
113 |
|
|
|
104 |
|
|
|
145 |
|
Delta InvestCo LP |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
698,889 |
|
|
|
684 |
|
|
|
1,562 |
|
(Sigma Defense Systems, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Delta InvestCo LP (7) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
442,155 |
|
|
|
— |
|
|
|
— |
|
(Sigma Defense Systems, LLC) (7), (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
ECM Investors, LLC (9) |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
167,537 |
|
|
|
37 |
|
|
|
492 |
|
eCommission Holding Corporation (11) |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
1,005 |
|
|
|
1,542 |
|
EDS Topco, LP |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
937,500 |
|
|
|
938 |
|
|
|
938 |
|
Exigo, LLC (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,458,333 |
|
|
|
1,458 |
|
|
|
1,584 |
|
Express Wash Topco, LLC |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
658,000 |
|
|
|
3,290 |
|
|
|
2,520 |
|
FedHC InvestCo LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
14,186 |
|
|
|
469 |
|
|
|
1,378 |
|
FedHC InvestCo LP (7),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
6,384 |
|
|
|
— |
|
|
|
(18 |
) |
FedHC InvestCo II LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
20,357 |
|
|
|
2,199 |
|
|
|
1,979 |
|
Five Star Parent Holdings, LLC |
|
|
— |
|
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
— |
|
|
|
— |
|
|
|
655,714 |
|
|
|
656 |
|
|
|
656 |
|
Gauge Lash Coinvest LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
889,376 |
|
|
|
135 |
|
|
|
4,074 |
|
Gauge Schlesinger Coinvest, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
10 |
|
|
|
10 |
|
Gauge TVC Coinvest, LLC |
|
|
— |
|
|
Transportation |
|
|
— |
|
|
|
— |
|
|
|
810,645 |
|
|
|
— |
|
|
|
3,543 |
|
(TVC Enterprises, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited) - (Continued)
March 31, 2023
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
GCOM InvestCo LP (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,434 |
|
|
$ |
1,003 |
|
|
$ |
487 |
|
Go Dawgs Capital III, LP |
|
|
— |
|
|
Building Materials |
|
|
— |
|
|
|
— |
|
|
|
675,325 |
|
|
|
675 |
|
|
|
1,297 |
|
(American Insulated Glass, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Hancock Claims Consultants Investors, LLC (9) |
|
|
— |
|
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
450,000 |
|
|
|
450 |
|
|
|
376 |
|
HV Watterson Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,600,000 |
|
|
|
1,600 |
|
|
|
1,230 |
|
Icon Partners V C, L.P. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,118,318 |
|
|
|
1,118 |
|
|
|
1,111 |
|
Icon Partners V C, L.P. (7),(9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
381,682 |
|
|
|
— |
|
|
|
(2 |
) |
IHS Parent Holdngs, L.P. |
|
|
|
|
Personal, Food and Miscellaneous Services |
|
|
|
|
|
|
|
|
1,218,045 |
|
|
|
1,218 |
|
|
|
1,237 |
|
|||
Imagine Topco, LP |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
743,826 |
|
|
|
— |
|
|
|
— |
|
Infogroup Parent Holdings, Inc. |
|
|
— |
|
|
Other Media |
|
|
— |
|
|
|
— |
|
|
|
181,495 |
|
|
|
2,040 |
|
|
|
3,004 |
|
(Data Axle, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ironclad Holdco, LLC |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
4,566 |
|
|
|
450 |
|
|
|
573 |
|
(Applied Technical Services, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
ITC Infusion Co-invest, LP |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
162,445 |
|
|
|
1,624 |
|
|
|
1,189 |
|
ITC Rumba, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
375,675 |
|
|
|
8 |
|
|
|
4,216 |
|
(Cano Health, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Kentucky Racing Holdco, LLC (Warrants) |
|
|
— |
|
|
Hotels, Motels, Inns and Gaming |
|
|
— |
|
|
|
— |
|
|
|
161,252 |
|
|
|
— |
|
|
|
1,433 |
|
Kinetic Purchaser, LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,308,814 |
|
|
|
1,309 |
|
|
|
1,977 |
|
KL Stockton Co-Invest LP |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
382,353 |
|
|
|
382 |
|
|
|
1,087 |
|
(Any Hour Services) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Lariat ecoserv Co-Invest Holdings, LLC (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
363,656 |
|
|
|
— |
|
|
|
4 |
|
LEP Pequod Holdings, LP |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
864,865 |
|
|
|
865 |
|
|
|
865 |
|
Lightspeed Investment Holdco LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
273,143 |
|
|
|
273 |
|
|
|
498 |
|
LJ Avalon, LP |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
851,087 |
|
|
|
851 |
|
|
|
851 |
|
Lorient Peregrine Investments, LP |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
335,590 |
|
|
|
4,530 |
|
|
|
4,452 |
|
Mars Intermidiate Holdings II, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
414 |
|
|
|
— |
|
|
|
195 |
|
MDI Aggregator, LP |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
30,993 |
|
|
|
3,103 |
|
|
|
3,184 |
|
Meadowlark Title, LLC (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
815,385 |
|
|
|
802 |
|
|
|
147 |
|
Municipal Emergency Services, Inc. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
3,920,145 |
|
|
|
3,984 |
|
|
|
3,399 |
|
NEPRT Parent Holdings, LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,299 |
|
|
|
1,259 |
|
|
|
64 |
|
(Recteq, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
North Haven Saints Equity Holdings, LP |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
351,553 |
|
|
|
352 |
|
|
|
376 |
|
NXOF Holdings, Inc. |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
3,261 |
|
|
|
3 |
|
|
|
— |
|
(Tyto Athene, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
OceanSound Discovery Equity, LP |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
98,286 |
|
|
|
961 |
|
|
|
1,950 |
|
(Holdco Sands Intermediate, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
OHCP V BC COI, L.P. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
446,250 |
|
|
|
446 |
|
|
|
415 |
|
OHCP V BC COI, L.P. (7),(9) |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
303,750 |
|
|
|
— |
|
|
|
(21 |
) |
ORL Holdco, Inc. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
638 |
|
|
|
6 |
|
|
|
28 |
|
PennantPark-TSO Senior Loan Fund II, LP |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
12,500,409 |
|
|
|
12,500 |
|
|
|
11,990 |
|
Pink Lily Holdco, LLC (9) |
|
|
— |
|
|
Retail |
|
|
— |
|
|
|
— |
|
|
|
1,044 |
|
|
|
1,044 |
|
|
|
401 |
|
Pragmatic Institute, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,918,047 |
|
|
|
1,918 |
|
|
|
1,693 |
|
Quad (U.S.) Co-Invest, L.P. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,958,706 |
|
|
|
2,959 |
|
|
|
3,238 |
|
QuantiTech InvestCo LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
712 |
|
|
|
68 |
|
|
|
362 |
|
QuantiTech InvestCo LP (7),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
955 |
|
|
|
— |
|
|
|
— |
|
QuantiTech InvestCo II LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
40 |
|
|
|
24 |
|
|
|
25 |
|
RFMG Parent, LP |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,050,000 |
|
|
|
1,050 |
|
|
|
1,050 |
|
(Rancho Health MSO, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
SBI Holdings Investments LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
36,585 |
|
|
|
366 |
|
|
|
368 |
|
(Sales Benchmark Index LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Seaway Topco, LP |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
2,981 |
|
|
|
2,981 |
|
|
|
2,840 |
|
Signature CR Intermediate Holdco, Inc. |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
80 |
|
|
|
528 |
|
SP L2 Holdings, LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
881,966 |
|
|
|
882 |
|
|
|
539 |
|
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
1,500 |
|
|
|
2,041 |
|
Class A (US Dominion, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
— |
|
|
|
3,049 |
|
Class B (US Dominion, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
StellPen Holdings, LLC |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
153,846 |
|
|
|
154 |
|
|
|
162 |
|
(CF512, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
TAC LifePort Holdings, LLC (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
254,206 |
|
|
|
259 |
|
|
|
305 |
|
Tower Arch Infolinks Media, LP (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
533,903 |
|
|
|
513 |
|
|
|
1,061 |
|
Tower Arch Infolinks Media, LP (7), (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
361,541 |
|
|
|
— |
|
|
|
— |
|
TPC Holding Company, LP (8). (11) |
|
|
— |
|
|
Food |
|
|
— |
|
|
|
— |
|
|
|
11,527 |
|
|
|
12 |
|
|
|
18 |
|
TWD Parent Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
608 |
|
|
|
1 |
|
|
|
— |
|
(The Vertex Companies, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited) - (Continued)
March 31, 2023
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
UniVista Insurance (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
400 |
|
|
$ |
374 |
|
|
$ |
482 |
|
Urology Partners Co., L.P. |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,111,111 |
|
|
|
1,111 |
|
|
|
1,122 |
|
WCP Ivyrehab QP CF Feeder, LP |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
3,762,257 |
|
|
|
3,696 |
|
|
|
3,620 |
|
WCP Ivyrehab QP CF Feeder, LP - Unfunded (7) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
237,743 |
|
|
|
— |
|
|
|
(9 |
) |
Wildcat Parent, LP |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
2,314 |
|
|
|
231 |
|
|
|
767 |
|
(Wildcat Buyerco, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Common Equity/Partnership Interests/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
97,124 |
|
|
|
113,870 |
|
||||
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
876,705 |
|
|
|
879,572 |
|
||||
Investments in Non-Controlled, Affiliated Portfolio Companies—10.5% of Net Assets (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
First Lien Secured Debt—1.9% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Walker Edison Furniture Company LLC |
|
03/31/2027 |
|
|
Home and Office Furnishings |
|
|
11.52 |
% |
|
3M L+675 |
|
|
|
6,263 |
|
|
|
6,263 |
|
|
|
6,263 |
|
||
Walker Edison Furniture Company, LLC - Unfunded Term Loan |
|
03/31/2027 |
|
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
833 |
|
|
|
— |
|
|
|
— |
|
|
Walker Edison Furniture Company LLC - Junior Revolver |
|
03/31/2027 |
|
|
Home and Office Furnishings |
|
|
11.02 |
% |
|
|
— |
|
|
|
3,333 |
|
|
|
3,333 |
|
|
|
3,333 |
|
|
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,596 |
|
|
|
9,596 |
|
||||
Preferred Equity/Partnership Interests—6.8% of Net Assets(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Cascade Environmental Holdings, LLC (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
5,887,236 |
|
|
|
32,791 |
|
|
|
32,791 |
|
Cascade Environmental Holdings, LLC - Series B |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
819 |
|
|
|
819 |
|
|
|
834 |
|
Total Preferred Equity/Partnership Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,610 |
|
|
|
33,625 |
|
||||
Common Equity/Partnership Interests/Warrants—1.7% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Cascade Environmental Holdings, LLC |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
7,444,347 |
|
|
|
2,852 |
|
|
|
— |
|
JF Intermediate, LLC |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
19,687 |
|
|
|
1,969 |
|
|
|
1,969 |
|
Walker Edison Furniture |
|
|
— |
|
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
72,917 |
|
|
|
6,786 |
|
|
|
6,617 |
|
Total Common Equity/Partnership Interests/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,607 |
|
|
|
8,586 |
|
||||
Total Investments in Non-Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,813 |
|
|
|
51,807 |
|
||||
Investments in Controlled, Affiliated Portfolio Companies—40.6% of Net Assets (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
First Lien Secured Debt—9.9% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
AKW Holdings Limited (8), (10), (11) |
|
03/15/2027 |
|
|
Healthcare, Education and Childcare |
|
|
10.89 |
% |
|
3M L+700 |
|
|
£ |
39,722 |
|
|
|
54,580 |
|
|
|
49,114 |
|
||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,580 |
|
|
|
49,114 |
|
||||
Second Lien Secured Debt—0% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Mailsouth Inc. |
|
04/23/2025 |
|
|
Printing and Publishing |
|
|
— |
|
|
|
— |
|
|
|
13,847 |
|
|
|
12,382 |
|
|
|
— |
|
|
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,382 |
|
|
|
— |
|
||||
Subordinated Debt—19.2% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PennantPark Senior Loan Fund, LLC (11) |
|
07/31/2027 |
|
|
Financial Services |
|
|
12.83 |
% |
|
3M L+800 |
|
|
|
95,351 |
|
|
|
95,351 |
|
|
|
95,351 |
|
||
Total Subordinated Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
95,351 |
|
|
|
95,351 |
|
||||
Common Equity—11.4% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
AKW Holdings Limited (8), (10), (11) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
£ |
950 |
|
|
|
132 |
|
|
|
3,293 |
|
MSpark, LLC |
|
|
— |
|
|
Printing and Publishing |
|
|
— |
|
|
|
— |
|
|
|
51,151 |
|
|
|
16,516 |
|
|
|
— |
|
PennantPark Senior Loan Fund, LLC |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
54,058,415 |
|
|
|
54,121 |
|
|
|
53,374 |
|
Total Common Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70,769 |
|
|
|
56,667 |
|
||||
Total Investments in Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
233,082 |
|
|
|
201,132 |
|
||||
Total Investments—228.5% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,164,600 |
|
|
|
1,132,511 |
|
||||
Cash and Cash Equivalents—12.7% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
BlackRock Federal FD Institutional 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46,497 |
|
|
|
46,497 |
|
||||
BNY Mellon Cash Reserve and Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,608 |
|
|
|
16,638 |
|
||||
Total Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63,105 |
|
|
|
63,135 |
|
||||
Total Investments and Cash Equivalents—241.2% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,227,705 |
|
|
$ |
1,195,646 |
|
||||
Liabilities in Excess of Other Assets—(141.2%) of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(699,931 |
) |
|||||
Net Assets—100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
495,715 |
|
|||||
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT (Unaudited) - (Continued)
March 31, 2023
(In thousands, except share data)
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
Investments in Non-Controlled, Non-Affiliated Portfolio Companies—159.2% of Net Assets (1), (2) |
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|||||
First Lien Secured Debt—100.5% of Net Assets |
|
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|||||
Ad.net Acquisition, LLC (Revolver) (7) |
|
05/06/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
444 |
|
|
$ |
— |
|
|
$ |
(3 |
) |
Altamira Technologies, LLC (Revolver) |
|
07/24/2025 |
|
Aerospace and Defense |
|
|
11.67 |
% |
|
3M L+800 |
|
|
|
50 |
|
|
|
50 |
|
|
|
48 |
|
|
Altamira Technologies, LLC (Revolver) (7) |
|
07/24/2025 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
138 |
|
|
|
— |
|
|
|
(5 |
) |
American Insulated Glass, LLC |
|
12/21/2023 |
|
Building Materials |
|
|
7.79 |
% |
|
3M L+550 |
|
|
|
3,329 |
|
|
|
3,310 |
|
|
|
3,329 |
|
|
Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver) (7) |
|
05/23/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,612 |
|
|
|
— |
|
|
|
— |
|
Any Hour Services |
|
07/21/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
8.15 |
% |
|
3M L+525 |
|
|
|
4,120 |
|
|
|
4,086 |
|
|
|
4,038 |
|
|
Any Hour Services (Revolver) (7) |
|
07/21/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
1,147 |
|
|
|
— |
|
|
|
(23 |
) |
Apex Service Partners, LLC |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
7.60 |
% |
|
1M L+550 |
|
|
|
1,331 |
|
|
|
1,331 |
|
|
|
1,324 |
|
|
Apex Service Partners, LLC Term Loan C |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
9.08 |
% |
|
1M L+550 |
|
|
|
1,893 |
|
|
|
1,873 |
|
|
|
1,883 |
|
|
Apex Service Partners, LLC (Revolver) |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
6.72 |
% |
|
3M L+525 |
|
|
|
62 |
|
|
|
62 |
|
|
|
62 |
|
|
Apex Service Partners, LLC (Revolver) (7) |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
870 |
|
|
|
— |
|
|
|
(4 |
) |
Applied Technical Services, LLC |
|
12/29/2026 |
|
Environmental Services |
|
|
7.59 |
% |
|
3M L+575 |
|
|
|
1,402 |
|
|
|
1,388 |
|
|
|
1,367 |
|
|
Applied Technical Services, LLC (7) |
|
04/21/2023 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
1,595 |
|
|
|
— |
|
|
|
(22 |
) |
Applied Technical Services, LLC (Revolver) |
|
12/29/2026 |
|
Environmental Services |
|
|
10.25 |
% |
|
3M P+475 |
|
|
|
200 |
|
|
|
200 |
|
|
|
195 |
|
|
Applied Technical Services, LLC (Revolver) (7) |
|
12/29/2026 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
800 |
|
|
|
— |
|
|
|
(20 |
) |
Arcfield Acquisition Corp. (Revolver) (7) |
|
03/07/2028 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,263 |
|
|
|
— |
|
|
|
(45 |
) |
Berwick Industrial Park |
|
04/28/2023 |
|
Buildings and Real Estate |
|
|
11.00 |
% |
|
|
— |
|
|
|
4,000 |
|
|
|
3,953 |
|
|
|
3,934 |
|
Beta Plus Technologies, Inc. |
|
07/01/2029 |
|
Business Services |
|
|
7.56 |
% |
|
SOFR+525 |
|
|
|
5,000 |
|
|
|
4,904 |
|
|
|
4,900 |
|
|
Blackhawk Industrial Distribution, Inc. |
|
09/17/2024 |
|
Distribution |
|
|
8.69 |
% |
|
3M L+500 |
|
|
|
1,175 |
|
|
|
1,160 |
|
|
|
1,149 |
|
|
Blackhawk Industrial Distribution, Inc.(7) |
|
09/17/2024 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
4,043 |
|
|
|
— |
|
|
|
(51 |
) |
Blackhawk Industrial Distribution, Inc. (Revolver) |
|
09/17/2024 |
|
Distribution |
|
|
8.69 |
% |
|
3M L+500 |
|
|
|
686 |
|
|
|
686 |
|
|
|
667 |
|
|
Blackhawk Industrial Distribution, Inc. (Revolver) (7) |
|
09/17/2024 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
2,746 |
|
|
|
— |
|
|
|
(77 |
) |
Broder Bros., Co. |
|
12/02/2022 |
|
Consumer Products |
|
|
7.39 |
% |
|
3M L+600 |
|
|
|
10,096 |
|
|
|
10,096 |
|
|
|
10,096 |
|
|
Cartessa Aesthetics, LLC |
|
05/13/2028 |
|
Distribution |
|
|
9.55 |
% |
|
1M L+600 |
|
|
|
39,401 |
|
|
|
38,644 |
|
|
|
38,810 |
|
|
Cartessa Aesthetics, LLC - (Revolver) |
|
05/13/2028 |
|
Distribution |
|
|
9.55 |
% |
|
1M L+600 |
|
|
|
1,265 |
|
|
|
1,265 |
|
|
|
1,246 |
|
|
Cartessa Aesthetics, LLC - (Revolver) (7) |
|
05/13/2028 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
2,297 |
|
|
|
— |
|
|
|
(34 |
) |
CF512, Inc. |
|
08/20/2026 |
|
Media |
|
|
9.30 |
% |
|
3M L+600 |
|
|
|
6,720 |
|
|
|
6,630 |
|
|
|
6,619 |
|
|
CF512, Inc.(Revolver) (7) |
|
08/20/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
909 |
|
|
|
— |
|
|
|
(14 |
) |
Compex Legal Services, Inc. |
|
02/09/2026 |
|
Business Services |
|
|
7.48 |
% |
|
3M L+525 |
|
|
|
853 |
|
|
|
843 |
|
|
|
853 |
|
|
Compex Legal Services, Inc. (Revolver) |
|
02/07/2025 |
|
Business Services |
|
|
8.92 |
% |
|
3M L+525 |
|
|
|
361 |
|
|
|
361 |
|
|
|
361 |
|
|
Compex Legal Services, Inc. (Revolver) (7) |
|
02/07/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
295 |
|
|
|
— |
|
|
|
— |
|
Connatix Buyer, Inc. (7) |
|
01/13/2023 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,158 |
|
|
|
— |
|
|
|
(47 |
) |
Connatix Buyer, Inc. (Revolver) (7) |
|
07/13/2027 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,859 |
|
|
|
— |
|
|
|
(46 |
) |
Crane 1 Services, Inc. |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
8.40 |
% |
|
3M L+575 |
|
|
|
2,606 |
|
|
|
2,577 |
|
|
|
2,580 |
|
|
Crane 1 Services, Inc. (Revolver) |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
8.87 |
% |
|
1M L+575 |
|
|
|
194 |
|
|
|
194 |
|
|
|
192 |
|
|
Crane 1 Services, Inc. (Revolver) (7) |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
97 |
|
|
|
— |
|
|
|
(1 |
) |
DermaRite Industries LLC |
|
06/30/2023 |
|
Manufacturing / Basic Industries |
|
|
10.67 |
% |
|
1M L+700 |
|
|
|
8,755 |
|
|
|
8,734 |
|
|
|
7,030 |
|
|
Dr. Squatch, LLC |
|
08/31/2027 |
|
Personal and Non-Durable Consumer Products |
|
|
9.17 |
% |
|
3M L+600 |
|
|
|
12,930 |
|
|
|
12,742 |
|
|
|
12,736 |
|
|
Dr. Squatch, LLC (7) |
|
08/27/2026 |
|
Personal and Non-Durable Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
2,000 |
|
|
|
— |
|
|
|
(10 |
) |
Dr. Squatch, LLC (Revolver) |
|
08/31/2027 |
|
Personal and Non-Durable Consumer Products |
|
|
8.95 |
% |
|
1M L+600 |
|
|
|
775 |
|
|
|
775 |
|
|
|
764 |
|
|
Dr. Squatch, LLC (Revolver) (7) |
|
08/31/2027 |
|
Personal and Non-Durable Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,551 |
|
|
|
— |
|
|
|
(23 |
) |
DRS Holdings III, Inc. (Revolver) (7) |
|
11/03/2025 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,783 |
|
|
|
— |
|
|
|
(57 |
) |
ECL Entertainment, LLC |
|
05/01/2028 |
|
Hotels, Motels, Inns and Gaming |
|
|
10.62 |
% |
|
1M L+750 |
|
|
|
19,156 |
|
|
|
19,019 |
|
|
|
18,869 |
|
|
ECM Industries, LLC (Revolver) |
|
12/23/2025 |
|
Electronics |
|
|
7.93 |
% |
|
3M L+475 |
|
|
|
291 |
|
|
|
291 |
|
|
|
277 |
|
|
ECM Industries, LLC (Revolver) (7) |
|
12/23/2025 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
226 |
|
|
|
— |
|
|
|
(11 |
) |
Exigo Intermediate II, LLC |
|
03/15/2027 |
|
Business Services |
|
|
8.87 |
% |
|
3M L+575 |
|
|
|
24,875 |
|
|
|
24,532 |
|
|
|
24,315 |
|
|
Exigo Intermediate II, LLC (7) |
|
03/15/2024 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
7,424 |
|
|
|
— |
|
|
|
(111 |
) |
Exigo Intermediate II, LLC (Revolver) |
|
03/15/2027 |
|
Business Services |
|
|
8.87 |
% |
|
3M L+575 |
|
|
|
371 |
|
|
|
371 |
|
|
|
363 |
|
|
Exigo Intermediate II, LLC (Revolver) (7) |
|
03/15/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,485 |
|
|
|
— |
|
|
|
(33 |
) |
Fairbanks Morse Defense |
|
06/17/2028 |
|
Aerospace and Defense |
|
|
7.00 |
% |
|
3M L+475 |
|
|
|
738 |
|
|
|
735 |
|
|
|
682 |
|
|
Gantech Acquisition Corp. |
|
05/14/2026 |
|
Business Services |
|
|
9.37 |
% |
|
1M L+625 |
|
|
|
16,809 |
|
|
|
16,548 |
|
|
|
16,305 |
|
|
Gantech Acquisition Corp. (Revolver) |
|
05/14/2026 |
|
Business Services |
|
|
9.37 |
% |
|
1M L+625 |
|
|
|
132 |
|
|
|
133 |
|
|
|
129 |
|
|
Gantech Acquisition Corp. (Revolver) (7) |
|
05/14/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,858 |
|
|
|
— |
|
|
|
(56 |
) |
Graffiti Buyer, Inc. (7) |
|
08/10/2023 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
892 |
|
|
|
— |
|
|
|
(20 |
) |
Graffiti Buyer, Inc. (Revolver) |
|
08/10/2027 |
|
Distribution |
|
|
9.16 |
% |
|
3M L+575 |
|
|
|
372 |
|
|
|
372 |
|
|
|
357 |
|
|
Graffiti Buyer, Inc. (Revolver) (7) |
|
08/10/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
397 |
|
|
|
— |
|
|
|
(16 |
) |
Hancock Roofing and Construction L.L.C. (7) |
|
12/31/2022 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
400 |
|
|
|
— |
|
|
|
(6 |
) |
Hancock Roofing and Construction L.L.C. |
|
12/31/2026 |
|
Insurance |
|
|
7.82 |
% |
|
1M L+500 |
|
|
|
270 |
|
|
|
270 |
|
|
|
266 |
|
|
Hancock Roofing and Construction L.L.C. (Revolver) (7) |
|
12/31/2026 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
480 |
|
|
|
— |
|
|
|
(7 |
) |
Holdco Sands Intermediate, LLC |
|
11/23/2028 |
|
Aerospace and Defense |
|
|
10.17 |
% |
|
3M L+600 |
|
|
|
1,918 |
|
|
|
1,883 |
|
|
|
1,879 |
|
|
Holdco Sands Intermediate, LLC (Revolver) (7) |
|
11/23/2027 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
3,941 |
|
|
|
— |
|
|
|
(79 |
) |
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENT - (Continued)
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
HV Watterson Holdings, LLC |
|
12/17/2026 |
|
Business Services |
|
|
9.67 |
% |
|
1M L+600 |
|
|
|
281 |
|
|
$ |
279 |
|
|
$ |
271 |
|
|
HV Watterson Holdings, LLC (7) |
|
12/17/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,219 |
|
|
|
— |
|
|
|
(61 |
) |
HV Watterson Holdings, LLC - (Revolver) |
|
12/17/2026 |
|
Business Services |
|
|
9.63 |
% |
|
3M L+600 |
|
|
|
200 |
|
|
|
200 |
|
|
|
193 |
|
|
HV Watterson Holdings, LLC - (Revolver)(7) |
|
12/17/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,050 |
|
|
|
— |
|
|
|
(37 |
) |
HW Holdco, LLC |
|
12/10/2024 |
|
Media |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
10,188 |
|
|
|
10,077 |
|
|
|
10,061 |
|
|
HW Holdco, LLC (7) |
|
12/10/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,049 |
|
|
|
— |
|
|
|
(8 |
) |
HW Holdco, LLC (Revolver) (7) |
|
12/10/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,387 |
|
|
|
— |
|
|
|
(42 |
) |
Icon Partners III, LP |
|
05/11/2028 |
|
Auto Sector |
|
|
7.55 |
% |
|
3M L+475 |
|
|
|
995 |
|
|
|
834 |
|
|
|
727 |
|
|
IDC Infusion Services, Inc. |
|
12/30/2026 |
|
Healthcare, Education and Childcare |
|
|
10.70 |
% |
|
3M L+600 |
|
|
|
3,685 |
|
|
|
3,576 |
|
|
|
3,574 |
|
|
IDC Infusion Services, Inc. (Revolver) (7) |
|
12/30/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
4,167 |
|
|
|
— |
|
|
|
(187 |
) |
IG Investments Holdings, LLC (Revolver) (7) |
|
09/22/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
477 |
|
|
|
— |
|
|
|
(5 |
) |
Imagine Acquisitionco, LLC (7) |
|
11/15/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,341 |
|
|
|
— |
|
|
|
(35 |
) |
Imagine Acquisitionco, LLC (Revolver) (7) |
|
11/15/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,685 |
|
|
|
— |
|
|
|
(42 |
) |
Inception Fertility Ventures, LLC |
|
12/07/2023 |
|
Healthcare, Education and Childcare |
|
|
10.18 |
% |
|
3M L+715 |
|
|
|
20,506 |
|
|
|
20,239 |
|
|
|
20,301 |
|
|
Infolinks Media Buyco, LLC (7) |
|
11/01/2023 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,372 |
|
|
|
— |
|
|
|
24 |
|
Integrity Marketing Acquisition, LLC |
|
08/27/2025 |
|
Insurance |
|
|
7.83 |
% |
|
3M L+550 |
|
|
|
9,930 |
|
|
|
9,876 |
|
|
|
9,831 |
|
|
ITI Holdings, Inc. |
|
03/03/2028 |
|
Business Services |
|
|
8.67 |
% |
|
3M L+550 |
|
|
|
8,927 |
|
|
|
8,784 |
|
|
|
8,749 |
|
|
ITI Holdings, Inc. (Revolver) |
|
03/03/2028 |
|
Business Services |
|
|
8.25 |
% |
|
3M L+550 |
|
|
|
298 |
|
|
|
298 |
|
|
|
292 |
|
|
ITI Holdings, Inc. (Revolver) (7) |
|
03/03/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,192 |
|
|
|
— |
|
|
|
(24 |
) |
K2 Pure Solutions NoCal, L.P. |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
11.12 |
% |
|
1M L+800 |
|
|
|
11,678 |
|
|
|
11,629 |
|
|
|
11,678 |
|
|
K2 Pure Solutions NoCal, L.P. (Revolver) (7) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,938 |
|
|
|
— |
|
|
|
— |
|
Kinetic Purchaser, LLC |
|
11/10/2027 |
|
Consumer Products |
|
|
9.67 |
% |
|
3M L+600 |
|
|
|
24,341 |
|
|
|
23,807 |
|
|
|
23,855 |
|
|
Kinetic Purchaser, LLC (Revolver) |
|
11/10/2026 |
|
Consumer Products |
|
|
9.67 |
% |
|
3M L+600 |
|
|
|
4,854 |
|
|
|
4,854 |
|
|
|
4,757 |
|
|
Lash OpCo, LLC |
|
02/18/2027 |
|
Consumer Products |
|
|
11.78 |
% |
|
1M L+700 |
|
|
|
2,828 |
|
|
|
2,774 |
|
|
|
2,771 |
|
|
Lash OpCo, LLC (Revolver) |
|
08/16/2026 |
|
Consumer Products |
|
|
9.38 |
% |
|
1M L+700 |
|
|
|
568 |
|
|
|
568 |
|
|
|
556 |
|
|
Lash OpCo, LLC (Revolver) (7) |
|
08/16/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,252 |
|
|
|
— |
|
|
|
(25 |
) |
LAV Gear Holdings, Inc. |
|
10/31/2024 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
9.95 |
% |
|
1M L+750 |
|
|
|
2,061 |
|
|
|
2,036 |
|
|
|
2,013 |
|
|
|
|
|
|
|
|
(PIK 5.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Ledge Lounger, Inc. |
|
11/09/2026 |
|
Consumer Products |
|
|
9.92 |
% |
|
3M L+625 |
|
|
|
9,177 |
|
|
|
9,021 |
|
|
|
9,040 |
|
|
Ledge Lounger, Inc. (Revolver) (7) |
|
11/09/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,933 |
|
|
|
— |
|
|
|
(29 |
) |
Lightspeed Buyer Inc. |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
8.87 |
% |
|
1M L+575 |
|
|
|
2,220 |
|
|
|
2,205 |
|
|
|
2,148 |
|
|
Lightspeed Buyer Inc. (Revolver) |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
8.87 |
% |
|
1M L+575 |
|
|
|
505 |
|
|
|
505 |
|
|
|
489 |
|
|
Lightspeed Buyer Inc. (Revolver) (7) |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
661 |
|
|
|
— |
|
|
|
(21 |
) |
Limerick Town Cener, LLC |
|
09/27/2023 |
|
Real Estate |
|
|
12.50 |
% |
|
|
— |
|
|
|
3,000 |
|
|
|
2,970 |
|
|
|
2,970 |
|
LSF9 Atlantis Holdings, LLC |
|
03/31/2029 |
|
Retail |
|
|
9.37 |
% |
|
SOFR+725 |
|
|
|
6,000 |
|
|
|
5,772 |
|
|
|
5,685 |
|
|
Mars Acquisition Holdings Corp. (Revolver)(7) |
|
05/14/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
806 |
|
|
|
— |
|
|
|
(4 |
) |
MBS Holdings, Inc. (Revolver) (7) |
|
04/16/2027 |
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
694 |
|
|
|
— |
|
|
|
(7 |
) |
MDI Buyer, Inc. |
|
07/25/2028 |
|
Chemicals, Plastics and Rubber |
|
|
8.98 |
% |
|
3M L+600 |
|
|
|
14,400 |
|
|
|
14,117 |
|
|
|
14,112 |
|
|
MDI Buyer, Inc. Term Loan (7) |
|
07/25/2028 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
5,196 |
|
|
|
— |
|
|
|
(52 |
) |
MDI Buyer, Inc. (Revolver) (7) |
|
07/25/2028 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
2,227 |
|
|
|
— |
|
|
|
(22 |
) |
Meadowlark Acquirer, LLC |
|
12/10/2027 |
|
Business Services |
|
|
9.17 |
% |
|
3M L+550 |
|
|
|
1,320 |
|
|
|
1,307 |
|
|
|
1,307 |
|
|
Meadowlark Acquirer, LLC Term Loan I (7) |
|
12/10/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,676 |
|
|
|
— |
|
|
|
— |
|
Meadowlark Acquirer, LLC Term Loan II (7) |
|
12/10/2027 |
|
Business Services |
||||||||||||||||||||