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EXHIBIT 99.2
EXHIBIT 99.2
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
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|||||
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 |
) |
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 |
|
|
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
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 |
|
|
— |
|
|
|
— |
|
|
|
8,922 |
|
|
|
— |
|
|
|
— |
|
Meadowlark Acquirer, LLC (Revolver) (7) |
|
12/10/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,685 |
|
|
|
— |
|
|
|
(17 |
) |
Municipal Emergency Services, Inc. |
|
09/28/2027 |
|
Distribution |
|
|
8.67 |
% |
|
3M L+500 |
|
|
|
703 |
|
|
|
697 |
|
|
|
663 |
|
|
Municipal Emergency Services, Inc. (7) |
|
09/28/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
1,175 |
|
|
|
— |
|
|
|
(56 |
) |
Municipal Emergency Services, Inc. (Revolver) |
|
09/28/2027 |
|
Distribution |
|
|
7.25 |
% |
|
3M L+500 |
|
|
|
282 |
|
|
|
282 |
|
|
|
266 |
|
|
Municipal Emergency Services, Inc. (Revolver) (7) |
|
09/28/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
1,598 |
|
|
|
— |
|
|
|
(93 |
) |
NBH Group LLC (Revolver) (7) |
|
08/19/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,163 |
|
|
|
— |
|
|
|
— |
|
Neptune Flood Incorporated |
|
10/14/2026 |
|
Financial Services |
|
|
7.10 |
% |
|
1M L+525 |
|
|
|
4,379 |
|
|
|
4,352 |
|
|
|
4,423 |
|
|
OIS Management Services, LLC (Revolver) (7) |
|
07/09/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
333 |
|
|
|
— |
|
|
|
— |
|
One Stop Mailing, LLC |
|
05/07/2027 |
|
Cargo Transport |
|
|
8.77 |
% |
|
3M L+625 |
|
|
|
7,008 |
|
|
|
6,889 |
|
|
|
6,798 |
|
|
ORL Acquisition, Inc. |
|
09/03/2027 |
|
Business Services |
|
|
8.92 |
% |
|
3M L+525 |
|
|
|
4,454 |
|
|
|
4,378 |
|
|
|
4,454 |
|
|
ORL Acquisition, Inc. (Revolver) (7) |
|
09/03/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
597 |
|
|
|
— |
|
|
|
— |
|
Ox Two, LLC |
|
05/18/2026 |
|
Building Materials |
|
|
9.81 |
% |
|
1M L+700 |
|
|
|
15,391 |
|
|
|
15,189 |
|
|
|
15,083 |
|
|
Ox Two, LLC (Revolver) |
|
05/18/2026 |
|
Building Materials |
|
|
9.81 |
% |
|
3M L+700 |
|
|
|
1,774 |
|
|
|
1,774 |
|
|
|
1,739 |
|
|
Ox Two, LLC (Revolver) (7) |
|
05/18/2026 |
|
Building Materials |
|
|
— |
|
|
|
— |
|
|
|
645 |
|
|
|
— |
|
|
|
(13 |
) |
PL Acquisitionco, LLC (Revolver) (7) |
|
11/09/2027 |
|
Retail |
|
|
— |
|
|
|
— |
|
|
|
3,236 |
|
|
|
— |
|
|
|
(81 |
) |
PRA Events, Inc. |
|
08/07/2025 |
|
Business Services |
|
|
14.17 |
% |
|
3M L+1,050 |
|
|
|
24,907 |
|
|
|
21,694 |
|
|
|
24,907 |
|
|
|
|
|
|
|
|
(PIK 10.5%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
PRA Events, Inc. (Revolver) (7) |
|
08/07/2025 |
|
Business Services |
|
|
— |
|
|
3M L+1,050 |
|
|
|
2,000 |
|
|
|
— |
|
|
|
— |
|
|
Pragmatic Institute, LLC |
|
07/06/2028 |
|
Business Services |
|
|
9.30 |
% |
|
3M L+575 |
|
|
|
35,340 |
|
|
|
34,826 |
|
|
|
34,987 |
|
|
Pragmatic Institute, LLC Term Loan (7) |
|
07/06/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
7,193 |
|
|
|
— |
|
|
|
— |
|
Pragmatic Institute, LL (Revolver) |
|
07/06/2028 |
|
Business Services |
|
|
9.30 |
% |
|
3M L+575 |
|
|
|
959 |
|
|
|
959 |
|
|
|
949 |
|
|
Pragmatic Institute, LL (Revolver) (7) |
|
07/06/2028 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
3,836 |
|
|
|
— |
|
|
|
(38 |
) |
Quantic Electronics, LLC |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
8.00 |
% |
|
1M L+625 |
|
|
|
679 |
|
|
|
673 |
|
|
|
666 |
|
|
Quantic Electronics, LLC (Revolver) |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
9.51 |
% |
|
3M L+600 |
|
|
|
211 |
|
|
|
211 |
|
|
|
207 |
|
|
Quantic Electronics, LLC (Revolver) (7) |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
317 |
|
|
|
— |
|
|
|
(6 |
) |
Questex, LLC |
|
09/09/2024 |
|
Media |
|
|
7.45 |
% |
|
3M L+500 |
|
|
|
21,600 |
|
|
|
21,436 |
|
|
|
21,168 |
|
|
Questex, LLC (Revolver) (7) |
|
09/09/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,590 |
|
|
|
— |
|
|
|
(72 |
) |
Radius Aerospace, Inc. (Revolver) |
|
03/31/2025 |
|
Aerospace and Defense |
|
|
8.28 |
% |
|
3M L+575 |
|
|
|
891 |
|
|
|
891 |
|
|
|
877 |
|
|
Radius Aerospace, Inc. (Revolver) (7) |
|
03/31/2025 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
1,336 |
|
|
|
— |
|
|
|
(20 |
) |
Rancho Health MSO, Inc. (7) |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,050 |
|
|
|
— |
|
|
|
— |
|
Rancho Health MSO, Inc. (Revolver) (7) |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
525 |
|
|
|
— |
|
|
|
— |
|
Reception Purchaser, LLC |
|
02/28/2028 |
|
Transportation |
|
|
9.13 |
% |
|
SOFR+600 |
|
|
|
5,970 |
|
|
|
5,885 |
|
|
|
5,701 |
|
|
Recteq, LLC (Revolver) |
|
01/29/2026 |
|
Consumer Products |
|
|
9.92 |
% |
|
1M L+600 |
|
|
|
313 |
|
|
|
313 |
|
|
|
302 |
|
|
Recteq, LLC (Revolver) (7) |
|
01/29/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
814 |
|
|
|
— |
|
|
|
(28 |
) |
Research Now Group, Inc. and Dynata, LLC |
|
12/20/2024 |
|
Business Services |
|
|
8.84 |
% |
|
3M L+550 |
|
|
|
126 |
|
|
|
126 |
|
|
|
113 |
|
|
Riverpoint Medical, LLC (Revolver) (7) |
|
06/20/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
364 |
|
|
|
— |
|
|
|
(9 |
) |
Riverside Assessments, LLC |
|
03/10/2025 |
|
Education |
|
|
8.97 |
% |
|
3M L+625 |
|
|
|
12,906 |
|
|
|
12,705 |
|
|
|
12,648 |
|
|
Sales Benchmark Index LLC (Revolver) (7) |
|
01/03/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
732 |
|
|
|
— |
|
|
|
(7 |
) |
Sargent & Greenleaf Inc. (Revolver) |
|
12/20/2024 |
|
Electronics |
|
|
8.28 |
% |
|
3M L+550 |
|
|
|
593 |
|
|
|
593 |
|
|
|
587 |
|
|
Sargent & Greenleaf Inc. (Revolver) (7) |
|
12/20/2024 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
|
- |
|
|
|
- |
|
Schlesinger Global, Inc. |
|
07/14/2025 |
|
Business Services |
|
|
11.11 |
% |
|
3M L+700 |
|
|
|
4,689 |
|
|
|
4,636 |
|
|
|
4,571 |
|
|
Schlesinger Global, Inc. (Revolver) |
|
07/14/2025 |
|
Business Services |
|
|
9.09 |
% |
|
3M L+600 |
|
|
|
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 |
|
|
9.70 |
% |
|
1M L+575 |
|
|
|
4,800 |
|
|
|
4,730 |
|
|
|
4,728 |
|
|
Seaway Buyer, LLC (Revolver)(7) |
|
06/13/2029 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
3,126 |
|
|
|
— |
|
|
|
(47 |
) |
Shiftkey, LLC |
|
06/21/2027 |
|
Business Services |
|
|
9.56 |
% |
|
1M L+575 |
|
|
|
17,955 |
|
|
|
17,784 |
|
|
|
17,722 |
|
|
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
Sigma Defense Systems, LLC |
|
12/18/2025 |
|
|
Telecommunications |
|
|
12.17 |
% |
|
1M L+850 |
|
|
|
31,680 |
|
|
$ |
31,004 |
|
|
$ |
31,047 |
|
||
Sigma Defense Systems, LLC (Revolver) |
|
12/18/2025 |
|
|
Telecommunications |
|
|
12.17 |
% |
|
1M L+850 |
|
|
|
1,131 |
|
|
|
1,131 |
|
|
|
1,108 |
|
||
Sigma Defense Systems, LLC (Revolver) (7) |
|
12/18/2025 |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
1,845 |
|
|
|
— |
|
|
|
(37 |
) |
|
Signature Systems Holding Company (Revolver) (7) |
|
05/03/2024 |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
2,016 |
|
|
|
— |
|
|
|
(15 |
) |
|
Solutionreach, Inc. (Revolver) (7) |
|
01/17/2024 |
|
|
Communications |
|
|
— |
|
|
|
— |
|
|
|
1,665 |
|
|
|
— |
|
|
|
(40 |
) |
|
Spear Education, LLC |
|
02/26/2025 |
|
|
Education |
|
|
9.42 |
% |
|
3M L+575 |
|
|
|
12,018 |
|
|
|
11,947 |
|
|
|
12,018 |
|
||
Spendmend Holdings LLC |
|
03/01/2028 |
|
|
Business Services |
|
|
8.63 |
% |
|
1M L+575 |
|
|
|
9,705 |
|
|
|
9,581 |
|
|
|
9,433 |
|
||
Spendmend Holdings LLC (7) |
|
03/01/2023 |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,784 |
|
|
|
— |
|
|
|
(57 |
) |
|
Spendmend Holdings LLC - Funded Revolver |
|
03/01/2028 |
|
|
Business Services |
|
|
8.63 |
% |
|
3M L+575 |
|
|
|
187 |
|
|
|
187 |
|
|
|
182 |
|
||
Spendmend Holdings LLC - Unfunded Revolver (7) |
|
03/01/2028 |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,215 |
|
|
|
— |
|
|
|
(34 |
) |
|
System Planning and Analysis, Inc. - (Revolver) (7) |
|
08/16/2027 |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,925 |
|
|
|
— |
|
|
|
(47 |
) |
|
The Bluebird Group LLC |
|
07/27/2026 |
|
|
Business Services |
|
|
10.67 |
% |
|
3M L+700 |
|
|
|
4,884 |
|
|
|
4,796 |
|
|
|
4,933 |
|
||
The Bluebird Group LLC (Revolver) (7) |
|
07/27/2026 |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
734 |
|
|
|
— |
|
|
|
7 |
|
|
The Vertex Companies, LLC |
|
08/30/2027 |
|
|
Business Services |
|
|
8.18 |
% |
|
3M L+550 |
|
|
|
1,754 |
|
|
|
1,737 |
|
|
|
1,745 |
|
||
The Vertex Companies, LLC (7) |
|
08/30/2027 |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
466 |
|
|
|
— |
|
|
|
2 |
|
|
The Vertex Companies, LLC (Revolver) |
|
08/30/2027 |
|
|
Business Services |
|
|
8.26 |
% |
|
3M L+550 |
|
|
|
148 |
|
|
|
148 |
|
|
|
147 |
|
||
The Vertex Companies, LLC (Revolver) (7) |
|
08/30/2027 |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
592 |
|
|
|
— |
|
|
|
(3 |
) |
|
TVC Enterprises, LLC |
|
03/26/2026 |
|
|
Transportation |
|
|
8.87 |
% |
|
1M L+600 |
|
|
|
12,864 |
|
|
|
12,626 |
|
|
|
12,543 |
|
||
TVC Enterprises, LLC (Revolver) (7) |
|
03/26/2026 |
|
|
Transportation |
|
|
— |
|
|
|
— |
|
|
|
1,370 |
|
|
|
— |
|
|
|
(34 |
) |
|
TWS Acquisition Corporation |
|
06/16/2025 |
|
|
Education |
|
|
8.76 |
% |
|
1M L+625 |
|
|
|
1,143 |
|
|
|
1,143 |
|
|
|
1,137 |
|
||
TWS Acquisition Corporation (Revolver) (7) |
|
06/16/2025 |
|
|
Education |
|
|
— |
|
|
|
— |
|
|
|
1,644 |
|
|
|
— |
|
|
|
(8 |
) |
|
Tyto Athene, LLC (Revolver) (7) |
|
04/01/2026 |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
364 |
|
|
|
— |
|
|
|
(26 |
) |
|
Unique Indoor Comfort, LLC |
|
05/24/2027 |
|
|
Home and Office Furnishings |
|
|
8.95 |
% |
|
1M L+525 |
|
|
|
27,233 |
|
|
|
26,904 |
|
|
|
26,634 |
|
||
Unique Indoor Comfort, LLC (7) |
|
05/24/2027 |
|
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
16,140 |
|
|
|
— |
|
|
|
(194 |
) |
|
Unique Indoor Comfort, LLC (Revolver) (7) |
|
05/24/2027 |
|
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
3,000 |
|
|
|
— |
|
|
|
(66 |
) |
|
Walker Edison Furniture Company LLC |
|
03/31/2027 |
|
|
Home and Office Furnishings |
|
|
12.42 |
% |
|
3M L+875 |
|
|
|
25,368 |
|
|
|
24,881 |
|
|
|
16,946 |
|
||
Wildcat Buyerco, Inc. |
|
02/27/2026 |
|
|
Electronics |
|
|
9.09 |
% |
|
3M L+575 |
|
|
|
3,831 |
|
|
|
3,771 |
|
|
|
3,716 |
|
||
Wildcat Buyerco, Inc. (Revolver) (7) |
|
02/27/2026 |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
574 |
|
|
|
— |
|
|
|
(41 |
) |
|
Zips Car Wash, LLC |
|
03/01/2024 |
|
|
Auto Sector |
|
|
10.13 |
% |
|
3M L+725 |
|
|
|
2,627 |
|
|
|
2,608 |
|
|
|
2,562 |
|
||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
599,263 |
|
|
|
588,267 |
|
||||
Second Lien Secured Debt—22.2% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Atlas Purchaser, Inc |
|
05/07/2029 |
|
|
Telecommunications |
|
|
11.19 |
% |
|
3M L+900 |
|
|
|
17,000 |
|
|
|
16,551 |
|
|
|
14,909 |
|
||
Best Practice Associates LLC |
|
06/29/2027 |
|
|
Aerospace and Defense |
|
|
12.67 |
% |
|
3M L+900 |
|
|
|
17,825 |
|
|
|
17,506 |
|
|
|
17,290 |
|
||
Burgess Point Purchaser Corporation |
|
07/28/2030 |
|
|
Auto Sector |
|
|
12.16 |
% |
|
3M L+900 |
|
|
|
8,000 |
|
|
|
7,752 |
|
|
|
7,680 |
|
||
Data Axle, Inc. |
|
04/03/2024 |
|
|
Other Media |
|
|
12.92 |
% |
|
3M L+925 |
|
|
|
20,400 |
|
|
|
20,288 |
|
|
|
20,196 |
|
||
ENC Parent Corporation |
|
08/19/2029 |
|
|
Business Services |
|
|
11.17 |
% |
|
3M L+750 |
|
|
|
7,500 |
|
|
|
7,432 |
|
|
|
7,125 |
|
||
Halo Buyer, Inc. |
|
07/06/2026 |
|
|
Consumer Products |
|
|
11.37 |
% |
|
1M L+825 |
|
|
|
32,500 |
|
|
|
32,164 |
|
|
|
31,769 |
|
||
Inventus Power, Inc. |
|
09/29/2024 |
|
|
Electronics |
|
|
12.17 |
% |
|
3M L+850 |
|
|
|
16,593 |
|
|
|
16,387 |
|
|
|
16,344 |
|
||
QuantiTech LLC |
|
02/04/2027 |
|
|
Aerospace and Defense |
|
|
12.68 |
% |
|
3M L+1,000 |
|
|
|
150 |
|
|
|
148 |
|
|
|
148 |
|
||
VT Topco, Inc. |
|
08/17/2026 |
|
|
Business Services |
|
|
9.87 |
% |
|
3M L+675 |
|
|
|
15,000 |
|
|
|
14,932 |
|
|
|
14,475 |
|
||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133,160 |
|
|
|
129,936 |
|
||||
Subordinated Debt/Corporate Notes—9.1% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Express Wash Acquisition Company, LLC |
|
01/15/2029 |
|
|
Auto Sector |
|
|
15.31 |
% |
|
3M L+1,150 |
|
|
|
21,000 |
|
|
|
20,278 |
|
|
|
20,359 |
|
||
Flock Financial, LLC |
|
05/26/2027 |
|
|
Financial Services |
|
|
12.50 |
% |
|
|
— |
|
|
|
34,000 |
|
|
|
33,190 |
|
|
|
32,895 |
|
|
Total Subordinated Debt/Corporate Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,468 |
|
|
|
53,254 |
|
||||
Preferred Equity/Partnership Interests—1.3% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ad.net Holdings, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,400 |
|
|
|
240 |
|
|
|
267 |
|
AH Newco Equityholdings, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
6.00 |
% |
|
|
— |
|
|
|
211 |
|
|
|
500 |
|
|
|
2,127 |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,135 |
|
|
|
1,135 |
|
|
|
1,427 |
|
Imagine Topco, LP |
|
|
— |
|
|
Business Services |
|
|
8.00 |
% |
|
|
— |
|
|
|
743,826 |
|
|
|
744 |
|
|
|
704 |
|
Mars Intermediate Holdings II, Inc (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
414 |
|
|
|
414 |
|
|
|
484 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
160 |
|
|
|
160 |
|
|
|
227 |
|
ORL Holdco, Inc. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
575 |
|
|
|
57 |
|
|
|
62 |
|
Signature CR Intermediate Holdco, Inc. |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
12.00 |
% |
|
|
— |
|
|
|
1,527 |
|
|
|
1,527 |
|
|
|
1,932 |
|
TPC Holding Company, LP (8),(11) |
|
|
— |
|
|
Food |
|
|
— |
|
|
|
— |
|
|
|
219 |
|
|
|
219 |
|
|
|
62 |
|
TWD Parent Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
30 |
|
|
|
30 |
|
|
|
33 |
|
(The Vertex Companies, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Preferred Equity/Partnership Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,026 |
|
|
|
7,325 |
|
||||
Common Equity/Partnership Interests/Warrants—26.2% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ad.net Holdings, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,667 |
|
|
|
27 |
|
|
|
35 |
|
Affinion Group Holdings, Inc. (Warrants) |
|
04/10/2024 |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
77,190 |
|
|
|
2,126 |
|
|
|
— |
|
|
AG Investco LP (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
805,164 |
|
|
|
805 |
|
|
|
1,127 |
|
AG Investco LP (7), (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
194,836 |
|
|
|
— |
|
|
|
— |
|
Altamira Intermediate Company II, Inc. |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
125,000 |
|
|
|
125 |
|
|
|
79 |
|
AMCSI Crash Co-Invest, LP |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
2,419,200 |
|
|
|
2,419 |
|
|
|
2,470 |
|
AMCSI Crash Co-Invest, LP (7) |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
580,800 |
|
|
|
— |
|
|
|
— |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,135 |
|
|
|
— |
|
|
|
270 |
|
Athletico Holdings, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
9,357 |
|
|
|
10,000 |
|
|
|
9,516 |
|
Atlas Investment Aggregator, LLC (9) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
1,700,000 |
|
|
|
1,700 |
|
|
|
1,219 |
|
Burgess Point Holdings, LP |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
680 |
|
|
|
680 |
|
|
|
690 |
|
Cartessa Aesthetics, LLC |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
3,562,500 |
|
|
|
3,563 |
|
|
|
3,716 |
|
CI (Allied) Investment Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
120,962 |
|
|
|
1,243 |
|
|
|
1,651 |
|
(PRA Events, Inc.) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Connatix Parent, LLC |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
57,416 |
|
|
|
632 |
|
|
|
689 |
|
Cowboy Parent LLC |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
26,360 |
|
|
|
2,782 |
|
|
|
4,011 |
|
(Blackhawk Industrial Distribution, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
Crane 1 Acquisition Parent Holdings, L.P. |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
113 |
|
|
$ |
104 |
|
|
$ |
122 |
|
Delta InvestCo LP |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
698,889 |
|
|
|
684 |
|
|
|
1,425 |
|
(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 |
|
|
|
358 |
|
eCommission Holding Corporation (11) |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
1,005 |
|
|
|
1,391 |
|
Exigo, LLC (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,458,333 |
|
|
|
1,458 |
|
|
|
1,288 |
|
Express Wash Topco, LLC |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
658,000 |
|
|
|
3,290 |
|
|
|
3,369 |
|
FedHC InvestCo LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
14,186 |
|
|
|
478 |
|
|
|
1,441 |
|
FedHC InvestCo LP (7),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
6,384 |
|
|
|
— |
|
|
|
— |
|
FedHC InvestCo II LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
|
|
|
|
|
|
20,357 |
|
|
|
2,290 |
|
|
|
2,253 |
|
||
Gauge Lash Coinvest LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
889,376 |
|
|
|
137 |
|
|
|
4,208 |
|
Gauge Schlesinger Coinvest, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
9 |
|
|
|
10 |
|
Gauge TVC Coinvest, LLC |
|
|
— |
|
|
Transportation |
|
|
— |
|
|
|
— |
|
|
|
810,645 |
|
|
|
— |
|
|
|
3,229 |
|
(TVC Enterprises, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
GCOM InvestCo LP (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,434 |
|
|
|
1,003 |
|
|
|
587 |
|
Go Dawgs Capital III, LP |
|
|
— |
|
|
Building Materials |
|
|
— |
|
|
|
— |
|
|
|
675,325 |
|
|
|
675 |
|
|
|
783 |
|
(American Insulated Glass, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Green Veracity Holdings, LP - Class A |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
15,000 |
|
|
|
1,500 |
|
|
|
5,700 |
|
(VT Topco, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Hancock Claims Consultants Investors, LLC (9) |
|
|
— |
|
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
450,000 |
|
|
|
450 |
|
|
|
477 |
|
HV Watterson Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,600,000 |
|
|
|
1,600 |
|
|
|
1,387 |
|
Icon Partners V C, L.P. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,111,111 |
|
|
|
1,111 |
|
|
|
1,194 |
|
Icon Partners V C, L.P. (7),(9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
388,889 |
|
|
|
— |
|
|
|
— |
|
Imagine Topco, LP |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
743,826 |
|
|
|
— |
|
|
|
— |
|
Infogroup Parent Holdings, Inc. |
|
|
— |
|
|
Other Media |
|
|
— |
|
|
|
— |
|
|
|
181,495 |
|
|
|
2,040 |
|
|
|
3,270 |
|
(Data Axle, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ironclad Holdco, LLC |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
4,566 |
|
|
|
450 |
|
|
|
592 |
|
(Applied Technical Services, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
ITC Infusion Co-invest, LP |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
113,839 |
|
|
|
1,138 |
|
|
|
1,199 |
|
ITC Rumba, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
375,675 |
|
|
|
8 |
|
|
|
42,031 |
|
(Cano Health, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
JWC-WE Holdings, L.P. |
|
|
— |
|
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
2,688 |
|
|
|
783 |
|
|
|
— |
|
(Walker Edison Furniture Company LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Kentucky Racing Holdco, LLC (Warrants) |
|
|
— |
|
|
Hotels, Motels, Inns and Gaming |
|
|
— |
|
|
|
— |
|
|
|
161,252 |
|
|
|
— |
|
|
|
1,774 |
|
Kinetic Purchaser, LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,308,814 |
|
|
|
1,309 |
|
|
|
1,854 |
|
KL Stockton Co-Invest LP |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
382,353 |
|
|
|
382 |
|
|
|
643 |
|
(Any Hour Services) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Lariat ecoserv Co-Invest Holdings, LLC (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
363,656 |
|
|
|
180 |
|
|
|
1,376 |
|
Lightspeed Investment Holdco LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
273,143 |
|
|
|
273 |
|
|
|
373 |
|
Mars Intermidiate Holdings II, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
414 |
|
|
|
— |
|
|
|
126 |
|
MDI Aggregator, LP |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,925,990 |
|
|
|
1,930 |
|
|
|
1,926 |
|
Meadowlark Title, LLC (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
815,385 |
|
|
|
815 |
|
|
|
897 |
|
Municipal Emergency Services, Inc. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
3,920,145 |
|
|
|
3,984 |
|
|
|
2,990 |
|
NEPRT Parent Holdings, LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,299 |
|
|
|
1,261 |
|
|
|
243 |
|
(Recteq, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
North Haven Saints Equity Holdings, LP |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
351,553 |
|
|
|
352 |
|
|
|
373 |
|
NXOF Holdings, Inc. |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
3,261 |
|
|
|
3 |
|
|
|
68 |
|
(Tyto Athene, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
OceanSound Discovery Equity, LP |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
98,286 |
|
|
|
979 |
|
|
|
1,651 |
|
(Holdco Sands Intermediate, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
OHCP V BC COI, L.P. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
446,250 |
|
|
|
446 |
|
|
|
382 |
|
OHCP V BC COI, L.P. (7),(9) |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
303,750 |
|
|
|
— |
|
|
|
(44 |
) |
Oral Surgery (ITC) Holdings, LLC (9) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
2,904 |
|
|
|
63 |
|
|
|
173 |
|
ORL Holdco, Inc. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
638 |
|
|
|
6 |
|
|
|
113 |
|
PennantPark-TSO Senior Loan Fund II, LP |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
15,038,871 |
|
|
|
15,039 |
|
|
|
15,571 |
|
Pink Lily Holdco, LLC (9) |
|
|
— |
|
|
Retail |
|
|
— |
|
|
|
— |
|
|
|
1,044 |
|
|
|
1,044 |
|
|
|
550 |
|
Pragmatic Institute, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,918,047 |
|
|
|
1,918 |
|
|
|
1,918 |
|
QuantiTech InvestCo LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
712 |
|
|
|
68 |
|
|
|
352 |
|
QuantiTech InvestCo LP (7),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
955 |
|
|
|
— |
|
|
|
— |
|
QuantiTech InvestCo II LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
40 |
|
|
|
25 |
|
|
|
24 |
|
RFMG Parent, LP |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,050,000 |
|
|
|
1,050 |
|
|
|
1,090 |
|
(Rancho Health MSO, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
SBI Holdings Investments LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
36,585 |
|
|
|
366 |
|
|
|
359 |
|
(Sales Benchmark Index LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Seaway Topco, LP |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
2,981 |
|
|
|
2,981 |
|
|
|
2,981 |
|
Signature CR Intermediate Holdco, Inc. |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
80 |
|
|
|
— |
|
SP L2 Holdings, LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
881,966 |
|
|
|
882 |
|
|
|
913 |
|
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
1,500 |
|
|
|
2,041 |
|
Class A (US Dominion, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
— |
|
|
|
4,389 |
|
Class B (US Dominion, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
StellPen Holdings, LLC |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
153,846 |
|
|
|
154 |
|
|
|
152 |
|
(CF512, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
TAC LifePort Holdings, LLC (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
232,558 |
|
|
|
233 |
|
|
|
296 |
|
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
Tower Arch Infolinks Media, LP (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
531,293 |
|
|
$ |
511 |
|
|
$ |
896 |
|
Tower Arch Infolinks Media, LP (7), (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
364,151 |
|
|
|
— |
|
|
|
— |
|
TPC Holding Company, LP (8). (11) |
|
|
— |
|
|
Food |
|
|
— |
|
|
|
— |
|
|
|
11,527 |
|
|
|
12 |
|
|
|
— |
|
TWD Parent Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
608 |
|
|
|
1 |
|
|
|
— |
|
(The Vertex Companies, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
U.S. Well Services, Inc. - Class A (5), (11) |
|
|
— |
|
|
Oil and Gas |
|
|
— |
|
|
|
— |
|
|
|
60,057 |
|
|
|
3,022 |
|
|
|
304 |
|
UniVista Insurance (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
400 |
|
|
|
382 |
|
|
|
454 |
|
WCP Ivyrehab QP CF Feeder, LP |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
3,762,257 |
|
|
|
3,762 |
|
|
|
3,762 |
|
WCP Ivyrehab QP CF Feeder, LP - Unfunded (7) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
237,743 |
|
|
|
— |
|
|
|
— |
|
Wildcat Parent, LP |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
2,314 |
|
|
|
231 |
|
|
|
616 |
|
(Wildcat Buyerco, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Common Equity/Partnership Interests/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
91,596 |
|
|
|
153,373 |
|
||||
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
882,513 |
|
|
|
932,155 |
|
||||
Investments in Non-Controlled, Affiliated Portfolio Companies—5.9% of Net Assets (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Preferred Equity/Partnership Interests—5.6% of Net Assets(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Cascade Environmental Holdings, LLC (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
5,887,236 |
|
|
|
32,791 |
|
|
|
32,791 |
|
Total Preferred Equity/Partnership Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,791 |
|
|
|
32,791 |
|
||||
Common Equity/Partnership Interests/Warrants—0.3% 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 |
|
Total Common Equity/Partnership Interests/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,821 |
|
|
|
1,969 |
|
||||
Total Investments in Non-Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,612 |
|
|
|
34,760 |
|
||||
Investments in Controlled, Affiliated Portfolio Companies—44.3% of Net Assets (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
First Lien Secured Debt—7.3% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
AKW Holdings Limited (8), (10), (11) |
|
03/13/2024 |
|
|
Healthcare, Education and Childcare |
|
|
8.67 |
% |
|
3M L+700 |
|
|
£ |
38,250 |
|
|
|
52,792 |
|
|
|
42,698 |
|
||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,792 |
|
|
|
42,698 |
|
||||
Second Lien Secured Debt—0% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Mailsouth Inc. |
|
04/23/2025 |
|
|
Printing and Publishing |
|
|
— |
|
|
|
— |
|
|
|
12,846 |
|
|
|
12,383 |
|
|
|
— |
|
|
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,383 |
|
|
|
— |
|
||||
Subordinated Debt—15.0% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PennantPark Senior Loan Fund, LLC (11) |
|
07/31/2027 |
|
|
Financial Services |
|
|
10.79 |
% |
|
3M L+800 |
|
|
|
88,011 |
|
|
|
88,011 |
|
|
|
88,011 |
|
||
Total Subordinated Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
88,011 |
|
|
|
88,011 |
|
||||
Common Equity—22.0% of Net Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
AKW Holdings Limited (8), (10), (11) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
£ |
950 |
|
|
|
132 |
|
|
|
3,297 |
|
MSpark, LLC |
|
|
— |
|
|
Printing and Publishing |
|
|
— |
|
|
|
— |
|
|
|
51,151 |
|
|
|
16,516 |
|
|
|
— |
|
PennantPark Senior Loan Fund, LLC |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
49,298,789 |
|
|
|
49,362 |
|
|
|
51,098 |
|
RAM Energy Holdings LLC (9) |
|
|
— |
|
|
Energy and Utilities |
|
|
— |
|
|
|
— |
|
|
|
180,805 |
|
|
|
162,708 |
|
|
|
74,282 |
|
Total Common Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
228,718 |
|
|
|
128,677 |
|
||||
Total Investments in Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
381,904 |
|
|
|
259,386 |
|
||||
Total Investments—209.4% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,302,029 |
|
|
|
1,226,301 |
|
||||
Cash and Cash Equivalents—9.0% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
BlackRock Federal FD Institutional 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,122 |
|
|
|
39,122 |
|
||||
BNY Mellon Cash Reserve and Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,722 |
|
|
|
13,544 |
|
||||
Total Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,844 |
|
|
|
52,666 |
|
||||
Total Investments and Cash Equivalents—218.4% of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,354,873 |
|
|
$ |
1,278,967 |
|
||||
Liabilities in Excess of Other Assets—(118.4%) of Net Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(693,402 |
) |
|||||
Net Assets—100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
585,565 |
|
|||||
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(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—124.3% (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
First Lien Secured Debt—77.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
18 Freemont Street Acquisition, LLC |
|
08/11/2025 |
|
Hotels, Motels, Inns and Gaming |
|
|
9.50 |
% |
|
1M L+800 |
|
|
|
7,433 |
|
|
$ |
6,815 |
|
|
$ |
7,563 |
|
|
Ad.net Acquisition, LLC (Revolver) |
|
05/06/2026 |
|
Media |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
76 |
|
|
|
76 |
|
|
|
74 |
|
|
Ad.net Acquisition, LLC (Revolver) (7) |
|
05/06/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
369 |
|
|
|
— |
|
|
|
(6 |
) |
Altamira Technologies, LLC (Revolver) |
|
07/24/2025 |
|
Aerospace and Defense |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
50 |
|
|
|
50 |
|
|
|
47 |
|
|
Altamira Technologies, LLC (Revolver) (7) |
|
07/24/2025 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
138 |
|
|
|
— |
|
|
|
(9 |
) |
American Insulated Glass, LLC |
|
12/21/2023 |
|
Building Materials |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
15,795 |
|
|
|
15,639 |
|
|
|
15,637 |
|
|
Any Hour Services (7) |
|
07/21/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
3,824 |
|
|
|
— |
|
|
|
(38 |
) |
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 |
|
|
6.25 |
% |
|
1M L+525 |
|
|
|
1,331 |
|
|
|
1,331 |
|
|
|
1,317 |
|
|
Apex Service Partners, LLC Term Loan C |
|
07/31/2025 |
|
Personal, Food and Miscellaneous Services |
|
|
6.25 |
% |
|
1M L+525 |
|
|
|
5,592 |
|
|
|
5,509 |
|
|
|
5,536 |
|
|
Apex Service Partners, LLC Term Loan C (7) |
|
01/31/2022 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
6,658 |
|
|
|
— |
|
|
|
(8 |
) |
Apex Service Partners, LLC (Revolver) |
|
07/29/2024 |
|
Personal, Food and Miscellaneous Services |
|
|
6.25 |
% |
|
3M L+525 |
|
|
|
239 |
|
|
|
239 |
|
|
|
235 |
|
|
Apex Service Partners, LLC (Revolver) (7) |
|
07/29/2024 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
693 |
|
|
|
— |
|
|
|
(12 |
) |
Applied Technical Services, LLC (7) |
|
06/29/2022 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
6,235 |
|
|
|
— |
|
|
|
(55 |
) |
Applied Technical Services, LLC (Revolver) (7) |
|
12/29/2026 |
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
1,000 |
|
|
|
— |
|
|
|
(20 |
) |
Bottom Line Systems, LLC |
|
02/13/2023 |
|
Healthcare, Education and Childcare |
|
|
6.25 |
% |
|
1M L+550 |
|
|
|
6,153 |
|
|
|
6,128 |
|
|
|
6,153 |
|
|
Broder Bros., Co. |
|
12/02/2022 |
|
Consumer Products |
|
|
9.75 |
% |
|
3M L+850 |
|
|
|
25,333 |
|
|
|
25,333 |
|
|
|
25,333 |
|
|
CF512, Inc. |
|
08/20/2026 |
|
Media |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
10,000 |
|
|
|
9,802 |
|
|
|
9,800 |
|
|
CF512, Inc. (7) |
|
08/20/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,727 |
|
|
|
— |
|
|
|
(27 |
) |
CF512, Inc.(Revolver) (7) |
|
08/20/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
909 |
|
|
|
— |
|
|
|
(18 |
) |
Compex Legal Services, Inc. |
|
02/09/2026 |
|
Business Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
3,570 |
|
|
|
3,514 |
|
|
|
3,529 |
|
|
Compex Legal Services, Inc. (Revolver) |
|
02/07/2025 |
|
Business Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
459 |
|
|
|
459 |
|
|
|
454 |
|
|
Compex Legal Services, Inc. (Revolver) (7) |
|
02/07/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
197 |
|
|
|
— |
|
|
|
(2 |
) |
Connatix Buyer, Inc. |
|
07/13/2027 |
|
Media |
|
|
6.25 |
% |
|
3M L+550 |
|
|
|
12,000 |
|
|
|
11,766 |
|
|
|
11,760 |
|
|
Connatix Buyer, Inc. (7) |
|
01/13/2023 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
3,158 |
|
|
|
— |
|
|
|
(32 |
) |
Connatix Buyer, Inc. (Revolver) |
|
07/13/2027 |
|
Media |
|
|
6.25 |
% |
|
3M L+550 |
|
|
|
186 |
|
|
|
186 |
|
|
|
182 |
|
|
Connatix Buyer, Inc. (Revolver) (7) |
|
07/13/2027 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,673 |
|
|
|
— |
|
|
|
(33 |
) |
Crane 1 Services, Inc. |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
1,847 |
|
|
|
1,820 |
|
|
|
1,829 |
|
|
Crane 1 Services, Inc. (7) |
|
08/16/2023 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
778 |
|
|
|
— |
|
|
|
(2 |
) |
Crane 1 Services, Inc. (Revolver) (7) |
|
08/16/2027 |
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
292 |
|
|
|
— |
|
|
|
(3 |
) |
Crash Champions, LLC |
|
08/05/2025 |
|
Auto Sector |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
4,751 |
|
|
|
4,704 |
|
|
|
4,656 |
|
|
Crash Champions, LLC (7) |
|
05/14/2022 |
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
6,749 |
|
|
|
— |
|
|
|
(67 |
) |
DermaRite Industries LLC |
|
03/03/2022 |
|
Manufacturing / Basic Industries |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
8,055 |
|
|
|
8,041 |
|
|
|
7,720 |
|
|
Dr. Squatch, LLC |
|
08/27/2026 |
|
Personal and Non-Durable Consumer Products |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
13,515 |
|
|
|
13,247 |
|
|
|
13,244 |
|
|
Dr. Squatch, LLC (Revolver) |
|
08/27/2026 |
|
Personal and Non-Durable Consumer Products |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
1,706 |
|
|
|
1,706 |
|
|
|
1,671 |
|
|
Dr. Squatch, LLC (Revolver) (7) |
|
08/27/2026 |
|
Personal and Non-Durable Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
620 |
|
|
|
— |
|
|
|
(12 |
) |
DRS Holdings III, Inc. |
|
11/03/2025 |
|
Consumer Products |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
9,975 |
|
|
|
9,882 |
|
|
|
9,905 |
|
|
DRS Holdings III, Inc. (Revolver) (7) |
|
11/03/2025 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,783 |
|
|
|
— |
|
|
|
(12 |
) |
ECL Entertainment, LLC |
|
03/31/2028 |
|
Hotels, Motels, Inns and Gaming |
|
|
8.25 |
% |
|
1M L+750 |
|
|
|
8,747 |
|
|
|
8,664 |
|
|
|
8,944 |
|
|
ECM Industries, LLC (Revolver) (7) |
|
12/23/2025 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
518 |
|
|
|
— |
|
|
|
(3 |
) |
Fairbanks Morse Defense |
|
06/17/2028 |
|
Aerospace and Defense |
|
|
5.50 |
% |
|
3M L+475 |
|
|
|
3,500 |
|
|
|
3,487 |
|
|
|
3,500 |
|
|
Gantech Acquisition Corp. |
|
05/14/2026 |
|
Business Services |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
19,900 |
|
|
|
19,522 |
|
|
|
19,502 |
|
|
Gantech Acquisition Corp. (Revolver) |
|
05/14/2026 |
|
Business Services |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
498 |
|
|
|
498 |
|
|
|
488 |
|
|
Gantech Acquisition Corp. (Revolver) (7) |
|
05/14/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,493 |
|
|
|
— |
|
|
|
(30 |
) |
Graffiti Buyer, Inc. |
|
08/10/2027 |
|
Distribution |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
1,994 |
|
|
|
1,955 |
|
|
|
1,964 |
|
|
Graffiti Buyer, Inc. (7) |
|
08/10/2023 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
893 |
|
|
|
— |
|
|
|
(4 |
) |
Graffiti Buyer, Inc. (Revolver) (7) |
|
08/10/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
769 |
|
|
|
— |
|
|
|
(18 |
) |
Hancock Roofing and Construction L.L.C. (7) |
|
12/31/2022 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
— |
|
|
|
(15 |
) |
Hancock Roofing and Construction L.L.C. (Revolver) (7) |
|
12/31/2026 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
750 |
|
|
|
— |
|
|
|
(8 |
) |
HW Holdco, LLC |
|
12/10/2024 |
|
Media |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
2,541 |
|
|
|
2,526 |
|
|
|
2,516 |
|
|
HW Holdco, LLC (Revolver) |
|
12/10/2024 |
|
Media |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
1,219 |
|
|
|
1,219 |
|
|
|
1,207 |
|
|
HW Holdco, LLC (Revolver) (7) |
|
12/10/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,168 |
|
|
|
— |
|
|
|
(22 |
) |
IG Investments Holdings, LLC |
|
09/22/2028 |
|
Business Services |
|
|
6.75 |
% |
|
3M L+600 |
|
|
|
4,518 |
|
|
|
4,428 |
|
|
|
4,428 |
|
|
IG Investments Holdings, LLC (Revolver) (7) |
|
09/22/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
477 |
|
|
|
— |
|
|
|
— |
|
IMIA Holdings, Inc. |
|
04/09/2027 |
|
Aerospace and Defense |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
13,589 |
|
|
|
13,341 |
|
|
|
13,317 |
|
|
IMIA Holdings, Inc. (Revolver) (7) |
|
04/09/2027 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
1,674 |
|
|
|
— |
|
|
|
(33 |
) |
Integrity Marketing Acquisition, LLC |
|
08/27/2025 |
|
Insurance |
|
|
6.49 |
% |
|
3M L+550 |
|
|
|
17,220 |
|
|
|
17,116 |
|
|
|
17,134 |
|
|
Integrity Marketing Acquisition, LLC (7) |
|
07/09/2023 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
4,278 |
|
|
|
— |
|
|
|
11 |
|
Juniper Landscaping of Florida, LLC |
|
12/22/2021 |
|
Personal, Food and Miscellaneous Services |
|
|
6.50 |
% |
|
1M L+550 |
|
|
|
2,615 |
|
|
|
2,611 |
|
|
|
2,615 |
|
|
K2 Pure Solutions NoCal, L.P. |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
11,800 |
|
|
|
11,712 |
|
|
|
11,486 |
|
|
K2 Pure Solutions NoCal, L.P. (Revolver) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
872 |
|
|
|
872 |
|
|
|
849 |
|
|
K2 Pure Solutions NoCal, L.P. (Revolver) (7) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,066 |
|
|
|
— |
|
|
|
(28 |
) |
Lash OpCo, LLC |
|
02/18/2027 |
|
Consumer Products |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
30,000 |
|
|
|
29,335 |
|
|
|
29,400 |
|
|
Lash OpCo, LLC (Revolver) |
|
08/16/2026 |
|
Consumer Products |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
291 |
|
|
|
291 |
|
|
|
285 |
|
|
Lash OpCo, LLC (Revolver) (7) |
|
08/19/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,528 |
|
|
|
— |
|
|
|
(31 |
) |
LAV Gear Holdings, Inc. |
|
10/31/2024 |
|
Leisure, Amusement, Motion Pictures, Entertainment |
|
|
8.50 |
% |
|
1M L+750 |
|
|
|
790 |
|
|
|
785 |
|
|
|
741 |
|
|
|
|
|
|
|
|
(PIK 5.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Lightspeed Buyer Inc. |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
6.75 |
% |
|
1M L+575 |
|
|
|
4,994 |
|
|
|
4,922 |
|
|
|
4,994 |
|
|
Lightspeed Buyer Inc. (Revolver) (7) |
|
02/03/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,166 |
|
|
|
— |
|
|
|
— |
|
Lombart Brothers, Inc. |
|
04/13/2023 |
|
Healthcare, Education and Childcare |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
1,036 |
|
|
|
1,036 |
|
|
|
1,036 |
|
|
Lombart Brothers, Inc. (Revolver) |
|
04/13/2023 |
|
Healthcare, Education and Childcare |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
737 |
|
|
|
737 |
|
|
|
737 |
|
|
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
|||||
Mars Acquisition Holdings Corp. (Revolver)(7) |
|
5/14/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
806 |
|
|
$ |
- |
|
|
$ |
(8 |
) |
MBS Holdings, Inc. (Revolver) (7) |
|
04/16/2027 |
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
694 |
|
|
|
— |
|
|
|
(14 |
) |
MeritDirect, LLC |
|
05/23/2024 |
|
Media |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
2,759 |
|
|
|
2,736 |
|
|
|
2,732 |
|
|
MeritDirect, LLC (Revolver) (7) |
|
05/23/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,518 |
|
|
|
— |
|
|
|
(25 |
) |
Municipal Emergency Services, Inc. |
|
09/28/2027 |
|
Distribution |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
6,953 |
|
|
|
6,814 |
|
|
|
6,814 |
|
|
Municipal Emergency Services, Inc. (7) |
|
09/28/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
1,880 |
|
|
|
— |
|
|
|
— |
|
Municipal Emergency Services, Inc. (Revolver) (7) |
|
09/28/2027 |
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
1,880 |
|
|
|
— |
|
|
|
— |
|
NBH Group LLC |
|
08/19/2026 |
|
Healthcare, Education and Childcare |
|
|
6.50 |
% |
|
1M L+550 |
|
|
|
7,561 |
|
|
|
7,413 |
|
|
|
7,410 |
|
|
NBH Group LLC (Revolver) (7) |
|
08/19/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,163 |
|
|
|
— |
|
|
|
(23 |
) |
OIS Management Services, LLC |
|
07/09/2026 |
|
Healthcare, Education and Childcare |
|
|
5.75 |
% |
|
3M L+475 |
|
|
|
3,893 |
|
|
|
3,843 |
|
|
|
3,834 |
|
|
OIS Management Services, LLC (7) |
|
07/09/2023 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,433 |
|
|
|
— |
|
|
|
(11 |
) |
OIS Management Services, LLC (Revolver) (7) |
|
07/09/2026 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
333 |
|
|
|
— |
|
|
|
(5 |
) |
One Stop Mailing, LLC |
|
05/07/2027 |
|
Cargo Transport |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
14,920 |
|
|
|
14,631 |
|
|
|
14,659 |
|
|
ORL Acquisition, Inc. |
|
09/03/2027 |
|
Business Services |
|
|
6.25 |
% |
|
3M L+525 |
|
|
|
5,041 |
|
|
|
4,941 |
|
|
|
4,940 |
|
|
ORL Acquisition, Inc. (Revolver) (7) |
|
09/03/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
597 |
|
|
|
— |
|
|
|
— |
|
Ox Two, LLC |
|
05/18/2026 |
|
Building Materials |
|
|
7.00 |
% |
|
1M L+600 |
|
|
|
15,671 |
|
|
|
15,435 |
|
|
|
15,358 |
|
|
Ox Two, LLC (Revolver) |
|
05/18/2026 |
|
Building Materials |
|
|
7.00 |
% |
|
1M L+600 |
|
|
|
645 |
|
|
|
645 |
|
|
|
632 |
|
|
Ox Two, LLC (Revolver) (7) |
|
05/18/2026 |
|
Building Materials |
|
|
— |
|
|
|
— |
|
|
|
1,774 |
|
|
|
— |
|
|
|
(35 |
) |
PRA Events, Inc. |
|
08/07/2025 |
|
Business Services |
|
|
11.50 |
% |
|
3M L+1,050 |
|
|
|
23,675 |
|
|
|
20,421 |
|
|
|
22,373 |
|
|
|
|
|
|
|
|
(PIK 11.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
PRA Events, Inc. (Revolver) |
|
08/07/2025 |
|
Business Services |
|
|
11.50 |
% |
|
3M L+1,050 |
|
|
|
2,461 |
|
|
|
2,123 |
|
|
|
2,326 |
|
|
|
|
|
|
|
|
(PIK 11.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Quantic Electronics, LLC |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
6,188 |
|
|
|
6,095 |
|
|
|
6,064 |
|
|
Quantic Electronics, LLC (7) |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,094 |
|
|
|
— |
|
|
|
(21 |
) |
Quantic Electronics, LLC (Revolver) (7) |
|
11/19/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
528 |
|
|
|
— |
|
|
|
(11 |
) |
Questex, LLC |
|
09/09/2024 |
|
Media |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
21,825 |
|
|
|
21,584 |
|
|
|
20,516 |
|
|
Questex, LLC (Revolver) |
|
09/09/2024 |
|
Media |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
2,154 |
|
|
|
2,154 |
|
|
|
2,025 |
|
|
Questex, LLC (Revolver) (7) |
|
09/09/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,436 |
|
|
|
— |
|
|
|
(86 |
) |
Radius Aerospace, Inc. (Revolver) (7) |
|
03/31/2025 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,227 |
|
|
|
— |
|
|
|
(63 |
) |
Rancho Health MSO, Inc. (7) |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,050 |
|
|
|
— |
|
|
|
— |
|
Rancho Health MSO, Inc. (Revolver) (7) |
|
12/18/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
525 |
|
|
|
— |
|
|
|
— |
|
Recteq, LLC (Revolver) (7) |
|
01/29/2026 |
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,127 |
|
|
|
— |
|
|
|
(11 |
) |
Research Horizons, LLC |
|
06/28/2022 |
|
Media |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
28,796 |
|
|
|
28,682 |
|
|
|
28,508 |
|
|
Research Now Group, Inc. and Dynata, LLC |
|
12/20/2024 |
|
Business Services |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
2,884 |
|
|
|
2,884 |
|
|
|
2,847 |
|
|
Riverpoint Medical, LLC (Revolver) (7) |
|
06/20/2025 |
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
364 |
|
|
|
— |
|
|
|
(4 |
) |
Riverside Assessments, LLC |
|
03/10/2025 |
|
Education |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
16,174 |
|
|
|
15,952 |
|
|
|
15,769 |
|
|
Sales Benchmark Index LLC (Revolver) (7) |
|
01/03/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
732 |
|
|
|
— |
|
|
|
(18 |
) |
Sargent & Greenleaf Inc. (Revolver) |
|
12/20/2024 |
|
Electronics |
|
|
7.00 |
% |
|
3M L+550 |
|
|
|
299 |
|
|
|
299 |
|
|
|
299 |
|
|
Sargent & Greenleaf Inc. (Revolver) (7) |
|
12/20/2024 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
299 |
|
|
|
— |
|
|
|
— |
|
Schlesinger Global, Inc. |
|
07/14/2025 |
|
Business Services |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
512 |
|
|
|
507 |
|
|
|
489 |
|
|
|
|
|
|
|
|
(PIK 1.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Schlesinger Global, Inc. (Revolver) |
|
07/14/2025 |
|
Business Services |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
24 |
|
|
|
24 |
|
|
|
23 |
|
|
|
|
|
|
|
|
(PIK 1.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Schlesinger Global, Inc. (Revolver)(7) |
|
07/14/2025 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
14 |
|
|
|
— |
|
|
|
(1 |
) |
Sigma Defense Systems, LLC |
|
12/18/2025 |
|
Telecommunications |
|
|
9.75 |
% |
|
3M L+875 |
|
|
|
6,520 |
|
|
|
6,378 |
|
|
|
6,406 |
|
|
Sigma Defense Systems, LLC (Revolver) (7) |
|
12/18/2025 |
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
951 |
|
|
|
— |
|
|
|
(17 |
) |
Signature Systems Holding Company - Term Loan II |
|
12/31/2021 |
|
Chemicals, Plastics and Rubber |
|
|
8.50 |
% |
|
3M L+750 |
|
|
|
806 |
|
|
|
802 |
|
|
|
798 |
|
|
Signature Systems Holding Company (Revolver) |
|
05/03/2024 |
|
Chemicals, Plastics and Rubber |
|
|
8.50 |
% |
|
3M L+750 |
|
|
|
484 |
|
|
|
484 |
|
|
|
479 |
|
|
Signature Systems Holding Company (Revolver) (7) |
|
05/03/2024 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,532 |
|
|
|
— |
|
|
|
(15 |
) |
Solutionreach, Inc. (Revolver) (7) |
|
01/17/2024 |
|
Communications |
|
|
— |
|
|
|
— |
|
|
|
1,665 |
|
|
|
— |
|
|
|
— |
|
Spear Education, LLC |
|
02/26/2025 |
|
Education |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
14,898 |
|
|
|
14,781 |
|
|
|
14,898 |
|
|
Spear Education, LLC (7) |
|
02/26/2022 |
|
Education |
|
|
— |
|
|
|
— |
|
|
|
6,875 |
|
|
|
— |
|
|
|
— |
|
Spectacle Gary Holdings, LLC |
|
12/23/2025 |
|
Hotels, Motels, Inns and Gaming |
|
|
11.00 |
% |
|
1M L+900 |
|
|
|
21,546 |
|
|
|
20,972 |
|
|
|
23,391 |
|
|
TAC LifePort Purchaser, LLC (Revolver) (7) |
|
03/01/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
620 |
|
|
|
— |
|
|
|
(0 |
) |
The Bluebird Group LLC |
|
07/27/2026 |
|
Business Services |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
5,606 |
|
|
|
5,496 |
|
|
|
5,570 |
|
|
The Bluebird Group LLC (Revolver) (7) |
|
07/27/2026 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
734 |
|
|
|
— |
|
|
|
(5 |
) |
The Vertex Companies, LLC |
|
08/30/2027 |
|
Business Services |
|
|
6.50 |
% |
|
1M L+550 |
|
|
|
4,577 |
|
|
|
4,486 |
|
|
|
4,491 |
|
|
The Vertex Companies, LLC (7) |
|
08/30/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
2,221 |
|
|
|
— |
|
|
|
(19 |
) |
The Vertex Companies, LLC (Revolver) (7) |
|
08/30/2027 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
740 |
|
|
|
— |
|
|
|
(14 |
) |
TPC Canada Parent, Inc. and TPC US Parent, LLC (8),(11) |
|
11/24/2025 |
|
Food |
|
|
6.25 |
% |
|
3M L+525 |
|
|
|
1,771 |
|
|
|
1,771 |
|
|
|
1,718 |
|
|
TVC Enterprises, LLC |
|
03/26/2026 |
|
Transportation |
|
|
6.75 |
% |
|
1M L+575 |
|
|
|
15,506 |
|
|
|
15,347 |
|
|
|
15,506 |
|
|
TVC Enterprises, LLC (Revolver) (7) |
|
03/26/2026 |
|
Transportation |
|
|
— |
|
|
|
— |
|
|
|
2,702 |
|
|
|
— |
|
|
|
— |
|
TWS Acquisition Corporation |
|
06/16/2025 |
|
Education |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
4,137 |
|
|
|
4,137 |
|
|
|
4,137 |
|
|
TWS Acquisition Corporation (Revolver) (7) |
|
06/16/2025 |
|
Education |
|
|
— |
|
|
|
— |
|
|
|
1,644 |
|
|
|
— |
|
|
|
— |
|
Tyto Athene, LLC (Revolver) (7) |
|
04/01/2026 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
364 |
|
|
|
— |
|
|
|
— |
|
Walker Edison Furniture Company LLC |
|
03/31/2027 |
|
Home and Office Furnishings |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
24,875 |
|
|
|
24,293 |
|
|
|
23,942 |
|
|
Wildcat Buyerco, Inc. |
|
02/27/2026 |
|
Electronics |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
1,629 |
|
|
|
1,612 |
|
|
|
1,621 |
|
|
Wildcat Buyerco, Inc. (7) |
|
02/27/2022 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
2,574 |
|
|
|
— |
|
|
|
16 |
|
Wildcat Buyerco, Inc. (Revolver) (7) |
|
02/27/2026 |
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
551 |
|
|
|
— |
|
|
|
(7 |
) |
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
509,046 |
|
|
|
511,405 |
|
|||||||
Second Lien Secured Debt—16.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Atlas Purchaser, Inc |
|
05/07/2029 |
|
Telecommunications |
|
|
9.75 |
% |
|
3M L+900 |
|
|
|
17,000 |
|
|
|
16,506 |
|
|
|
16,873 |
|
|
Data Axle, Inc. |
|
04/03/2024 |
|
Other Media |
|
|
10.25 |
% |
|
3M L+925 |
|
|
|
20,400 |
|
|
|
20,220 |
|
|
|
20,400 |
|
|
ENC Parent Corporation |
|
08/19/2029 |
|
Business Services |
|
|
8.25 |
% |
|
3M L+750 |
|
|
|
7,500 |
|
|
|
7,426 |
|
|
|
7,425 |
|
|
Halo Buyer, Inc. |
|
07/06/2026 |
|
Consumer Products |
|
|
9.25 |
% |
|
1M L+825 |
|
|
|
32,500 |
|
|
|
32,106 |
|
|
|
31,119 |
|
|
Inventus Power, Inc. |
|
09/29/2024 |
|
Electronics |
|
|
9.50 |
% |
|
3M L+850 |
|
|
|
16,593 |
|
|
|
16,292 |
|
|
|
16,261 |
|
|
QuantiTech LLC |
|
02/04/2027 |
|
Aerospace and Defense |
|
|
11.00 |
% |
|
3M L+1,000 |
|
|
|
150 |
|
|
|
147 |
|
|
|
147 |
|
|
VT Topco, Inc. |
|
08/17/2026 |
|
Business Services |
|
|
7.06 |
% |
|
3M L+675 |
|
|
|
15,000 |
|
|
|
14,922 |
|
|
|
15,000 |
|
|
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
$ |
107,620 |
|
|
$ |
107,225 |
|
|||||||
EXHIBIT 99.2
PENNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
Subordinated Debt/Corporate Notes—8.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Blackhawk Industrial Distribution, Inc. |
|
03/17/2025 |
|
|
Distribution |
|
|
12.00 |
% |
|
|
— |
|
|
|
14,335 |
|
|
$ |
14,165 |
|
|
$ |
14,335 |
|
|
|
|
|
|
|
|
|
(PIK 2.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Cascade Environmental LLC |
|
12/30/2023 |
|
|
Environmental Services |
|
|
13.00 |
% |
|
|
— |
|
|
|
42,468 |
|
|
|
42,150 |
|
|
|
42,680 |
|
|
|
|
|
|
|
|
|
(PIK 13.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Subordinated Debt/Corporate Notes |
|
|
|
|
|
|
|
|
|
|
|
56,315 |
|
|
|
57,015 |
|
|||||||||
Preferred Equity/Partnership Interests—3.9% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Ad.net Holdings, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,400 |
|
|
|
240 |
|
|
|
240 |
|
AH Newco Equityholdings, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
6.00 |
% |
|
|
— |
|
|
|
211 |
|
|
|
500 |
|
|
|
944 |
|
Cascade Environmental LLC |
|
|
— |
|
|
Environmental Services |
|
|
16.00 |
% |
|
|
— |
|
|
|
178,304 |
|
|
|
17,607 |
|
|
|
21,133 |
|
Mars Intermediate Holdings II, Inc |
|
|
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
414 |
|
|
|
414 |
|
|
|
432 |
|
|
MeritDirect Holdings, LP (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
540 |
|
|
|
540 |
|
|
|
693 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
160 |
|
|
|
160 |
|
|
|
202 |
|
ORL Holdco, Inc. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
575 |
|
|
|
57 |
|
|
|
57 |
|
Signature CR Intermediate Holdco, Inc. |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
12.00 |
% |
|
|
— |
|
|
|
1,527 |
|
|
|
1,527 |
|
|
|
1,879 |
|
TPC Holding Company, LP (8),(11) |
|
|
— |
|
|
Food |
|
|
— |
|
|
|
— |
|
|
|
219 |
|
|
|
219 |
|
|
|
262 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
30 |
|
|
|
30 |
|
|
|
30 |
|
Total Preferred Equity/Partnership Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,295 |
|
|
|
25,873 |
|
||||
Common Equity/Partnership Interests/Warrants—18.0% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Ad.net Holdings, Inc. (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,667 |
|
|
|
27 |
|
|
|
49 |
|
Affinion Group Holdings, Inc. (Warrants) |
|
04/10/2024 |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
77,190 |
|
|
|
2,126 |
|
|
|
— |
|
|
AG Investco LP (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
805,164 |
|
|
|
805 |
|
|
|
1,192 |
|
AG Investco LP (7), (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
194,836 |
|
|
|
— |
|
|
|
— |
|
Altamira Intermediate Company II, Inc. |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
125,000 |
|
|
|
125 |
|
|
|
33 |
|
Atlas Investment Aggregator, LLC (9) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
1,700,000 |
|
|
|
1,700 |
|
|
|
1,710 |
|
Cascade Environmental Holdings, LLC (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
33,901 |
|
|
|
2,852 |
|
|
|
478 |
|
CI (Allied) Investment Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
120,962 |
|
|
|
1,243 |
|
|
|
475 |
|
(PRA Events, Inc.) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Connatix Parent, LLC |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
57,416 |
|
|
|
632 |
|
|
|
635 |
|
Cowboy Parent LLC |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
22,500 |
|
|
|
2,250 |
|
|
|
1,902 |
|
(Blackhawk Industrial Distribution, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Crane 1 Acquisition Parent Holdings, L.P. |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
113 |
|
|
|
104 |
|
|
|
104 |
|
Crash Champion Holdings, LLC (9) |
|
|
— |
|
|
Auto Sector |
|
|
— |
|
|
|
— |
|
|
|
36 |
|
|
|
328 |
|
|
|
369 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (9) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
570,522 |
|
|
|
571 |
|
|
|
488 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (9) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
570,522 |
|
|
|
— |
|
|
|
(82 |
) |
ECM Investors, LLC (9) |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
167,537 |
|
|
|
41 |
|
|
|
565 |
|
eCommission Holding Corporation (11) |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
1,005 |
|
|
|
1,153 |
|
FedHC InvestCo LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
3,331 |
|
|
|
333 |
|
|
|
339 |
|
FedHC InvestCo LP (7),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
4,072 |
|
|
|
— |
|
|
|
— |
|
Gauge Lash Coinvest LLC |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
889,376 |
|
|
|
136 |
|
|
|
3,558 |
|
Gauge Schlesinger Coinvest, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
9 |
|
|
|
9 |
|
Gauge TVC Coinvest, LLC |
|
|
— |
|
|
Transportation |
|
|
— |
|
|
|
— |
|
|
|
810,645 |
|
|
|
— |
|
|
|
2,663 |
|
(TVC Enterprises, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
||||
GCOM InvestCo LP (9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,855 |
|
|
|
809 |
|
|
|
352 |
|
GCOM InvestCo LP (7),(9) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
965 |
|
|
|
— |
|
|
|
— |
|
Go Dawgs Capital III, LP |
|
|
— |
|
|
Building Materials |
|
|
— |
|
|
|
— |
|
|
|
675,325 |
|
|
|
675 |
|
|
|
844 |
|
(American Insulated Glass, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Green Veracity Holdings, LP - Class A |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
15,000 |
|
|
|
1,500 |
|
|
|
5,320 |
|
(VT Topco, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Hancock Claims Consultants Investors, LLC (9) |
|
|
— |
|
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
450,000 |
|
|
|
450 |
|
|
|
613 |
|
Infogroup Parent Holdings, Inc. (Data Axle, Inc.) |
|
|
— |
|
|
Other Media |
|
|
— |
|
|
|
— |
|
|
|
181,495 |
|
|
|
2,040 |
|
|
|
3,221 |
|
Ironclad Holdco, LLC (Applied Technical Services, LLC) (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
3,960 |
|
|
|
390 |
|
|
|
434 |
|
ITC Rumba, LLC (Cano Health, LLC) (9) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
375,675 |
|
|
|
— |
|
|
|
60,808 |
|
JWC-WE Holdings, L.P. |
|
|
— |
|
|
Home and Office Furnishings |
|
|
— |
|
|
|
— |
|
|
|
1,906,433 |
|
|
|
— |
|
|
|
6,616 |
|
(Walker Edison Furniture Company LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Kadmon Holdings, Inc. (5) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
252,014 |
|
|
|
2,266 |
|
|
|
2,195 |
|
Kentucky Racing Holdco, LLC (Warrants) (9) |
|
|
— |
|
|
Hotels, Motels, Inns and Gaming |
|
|
— |
|
|
|
— |
|
|
|
161,252 |
|
|
|
— |
|
|
|
1,147 |
|
KL Stockton Co-Invest LP (Any Hour Services) (9) |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
382,353 |
|
|
|
382 |
|
|
|
382 |
|
Lariat ecoserv Co-Invest Holdings, LLC (9) |
|
|
— |
|
|
Environmental Services |
|
|
— |
|
|
|
— |
|
|
|
363,656 |
|
|
|
364 |
|
|
|
1,044 |
|
Lightspeed Investment Holdco LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
273,143 |
|
|
|
273 |
|
|
|
315 |
|
Mars Intermidiate Holdings II, Inc. |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
414 |
|
|
|
— |
|
|
|
169 |
|
MeritDirect Holdings, LP (9) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
540 |
|
|
|
— |
|
|
|
126 |
|
Municipal Emergency Services, Inc. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
1,593,514 |
|
|
|
1,594 |
|
|
|
1,594 |
|
NEPRT Parent Holdings, LLC (Recteq, LLC) (9) |
|
|
— |
|
|
Consumer Products |
|
|
— |
|
|
|
— |
|
|
|
1,299 |
|
|
|
1,262 |
|
|
|
1,537 |
|
NXOF Holdings, Inc. |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
3,261 |
|
|
|
3 |
|
|
|
186 |
|
(Tyto Athene, LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
OceanSound Discovery Equity, LP |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
98,286 |
|
|
|
979 |
|
|
|
1,625 |
|
(Holdco Sands Intermediate, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Oral Surgery (ITC) Holdings, LLC (9) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
2,904 |
|
|
|
63 |
|
|
|
63 |
|
ORL Holdco, Inc. |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
638 |
|
|
|
6 |
|
|
|
6 |
|
QuantiTech InvestCo LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
700 |
|
|
|
66 |
|
|
|
365 |
|
QuantiTech InvestCo LP (7),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
967 |
|
|
|
— |
|
|
|
— |
|
QuantiTech InvestCo II LP (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
40 |
|
|
|
24 |
|
|
|
21 |
|
EXHIBIT 99.2
NNANTPARK INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(In thousands, except share data)
Issuer Name |
|
Maturity / Expiration |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (3) |
|
||||||
RFMG Parent, LP (Rancho Health MSO, Inc.) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
1,050,000 |
|
|
$ |
1,050 |
|
|
$ |
1,253 |
|
SBI Holdings Investments LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
36,585 |
|
|
|
366 |
|
|
|
278 |
|
(Sales Benchmark Index LLC) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
||||
Signature CR Intermediate Holdco, Inc. |
|
|
— |
|
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
80 |
|
|
|
— |
|
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
1,500 |
|
|
|
1,890 |
|
Class A (US Dominion, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
||||
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
— |
|
|
|
3,534 |
|
Class B (US Dominion, Inc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
||||
StellPen Holdings, LLC (CF512, Inc.) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
153,846 |
|
|
|
154 |
|
|
|
154 |
|
TAC LifePort Holdings, LLC (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
232,558 |
|
|
|
233 |
|
|
|
260 |
|
TPC Holding Company, LP (8). (11) |
|
|
— |
|
|
Food |
|
|
— |
|
|
|
— |
|
|
|
11,527 |
|
|
|
12 |
|
|
|
33 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
608 |
|
|
|
1 |
|
|
|
1 |
|
U.S. Well Services, Inc. - Class A (5), (11) |
|
|
— |
|
|
Oil and Gas |
|
|
— |
|
|
|
— |
|
|
|
1,261,201 |
|
|
|
3,022 |
|
|
|
914 |
|
UniVista Insurance |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
400 |
|
|
|
400 |
|
|
|
405 |
|
Wildcat Parent, LP (Wildcat Buyerco, Inc.) |
|
|
— |
|
|
Electronics |
|
|
— |
|
|
|
— |
|
|
|
2,314 |
|
|
|
231 |
|
|
|
411 |
|
ZS Juniper L.P. |
|
|
— |
|
|
Personal, Food and Miscellaneous Services |
|
|
— |
|
|
|
— |
|
|
|
1,056 |
|
|
|
1,056 |
|
|
|
5,227 |
|
(Juniper Landscaping of Florida, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Common Equity/Partnership Interests/Warrants |
|
|
|
|
|
|
|
|
|
|
|
35,536 |
|
|
|
118,982 |
|
|||||||||
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
729,811 |
|
|
|
820,500 |
|
|||||||||
Investments in Non-Controlled, Affiliated Portfolio Companies—7.6% (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Preferred Equity/Partnership Interests—6.2% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
ETX Energy, LLC (9) |
|
|
— |
|
|
Oil and Gas |
|
|
— |
|
|
|
— |
|
|
|
61,732 |
|
|
|
6,173 |
|
|
|
— |
|
ETX Energy, LLC - Series X (9) |
|
|
— |
|
|
Oil and Gas |
|
|
— |
|
|
|
— |
|
|
|
10,944 |
|
|
|
1,094 |
|
|
|
— |
|
MidOcean JF Holdings Corp. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
153,922 |
|
|
|
15,392 |
|
|
|
41,023 |
|
Total Preferred Equity/Partnership Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,660 |
|
|
|
41,023 |
|
||||
Common Equity/Partnership Interests/Warrants—1.4% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
ETX Energy, LLC (9) |
|
|
— |
|
|
Oil and Gas |
|
|
— |
|
|
|
— |
|
|
|
1,658,389 |
|
|
|
29,712 |
|
|
|
— |
|
ETX Energy Management Company, LLC |
|
|
— |
|
|
Oil and Gas |
|
|
— |
|
|
|
— |
|
|
|
1,754,104 |
|
|
|
1,562 |
|
|
|
— |
|
MidOcean JF Holdings Corp. |
|
|
— |
|
|
Distribution |
|
|
— |
|
|
|
— |
|
|
|
65,933 |
|
|
|
24,790 |
|
|
|
9,139 |
|
Total Common Equity/Partnership Interests/Warrants |
|
|
|
|
|
|
|
|
|
|
|
56,064 |
|
|
|
9,139 |
|
|||||||||
Total Investments in Non-Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
78,723 |
|
|
|
50,161 |
|
|||||||||
Investments in Controlled, Affiliated Portfolio Companies—58.3% (1), (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
First Lien Secured Debt—6.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
AKW Holdings Limited (8), (10), (11) |
|
03/13/2024 |
|
|
Healthcare, Education and Childcare |
|
|
7.50 |
% |
|
3M L+700 |
|
|
£ |
30,500 |
|
|
|
42,389 |
|
|
|
41,125 |
|
||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
42,389 |
|
|
|
41,125 |
|
|||||||||
Second Lien Secured Debt—10.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Mailsouth Inc. |
|
04/23/2025 |
|
|
Printing and Publishing |
|
|
15.00 |
% |
|
|
— |
|
|
|
11,087 |
|
|
|
11,087 |
|
|
|
11,087 |
|
|
|
|
|
|
|
|
|
(PIK 15.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PT Network Intermediate Holdings, LLC |
|
11/30/2024 |
|
|
Healthcare, Education and Childcare |
|
|
11.00 |
% |
|
3M L+1,000 |
|
|
|
58,582 |
|
|
|
58,276 |
|
|
|
58,582 |
|
||
|
|
|
|
|
|
|
(PIK 11.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
69,363 |
|
|
|
69,668 |
|
|||||||||
Subordinated Debt—9.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
PennantPark Senior Loan Fund, LLC (11) |
|
07/31/2027 |
|
|
Financial Services |
|
|
9.00 |
% |
|
3M L+800 |
|
|
|
64,155 |
|
|
|
64,155 |
|
|
|
64,155 |
|
||
Total Subordinated Debt |
|
|
|
|
|
|
|
|
|
|
|
64,155 |
|
|
|
64,155 |
|
|||||||||
Preferred Equity—2.0% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
CI (PTN) Investment Holdings II, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
36,450 |
|
|
|
547 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
(PT Network, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PT Network Intermediate Holdings, LLC (9) |
|
|
|
|
Healthcare, Education and Childcare |
|
|
11.00 |
% |
|
3M L+1,000 |
|
|
|
833 |
|
|
|
10,725 |
|
|
|
13,412 |
|
||
Total Preferred Equity |
|
|
|
|
|
|
|
|
|
|
|
11,272 |
|
|
|
13,412 |
|
|||||||||
Common Equity—29.7% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
AKW Holdings Limited (8), (10), (11) |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
£ |
950 |
|
|
|
132 |
|
|
|
254 |
|
CI (PTN) Investment Holdings II, LLC |
|
|
— |
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
333,333 |
|
|
|
5,000 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
(PT Network, LLC) (9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
MSpark, LLC |
|
|
— |
|
|
Printing and Publishing |
|
|
— |
|
|
|
— |
|
|
|
51,151 |
|
|
|
16,516 |
|
|
|
11,013 |
|
PennantPark Senior Loan Fund, LLC (11) |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
33,830,005 |
|
|
|
33,893 |
|
|
|
41,160 |
|
PT Network Intermediate Holdings, LLC (9) |
|
|
|
|
Healthcare, Education and Childcare |
|
|
— |
|
|
|
— |
|
|
|
621 |
|
|
|
7,159 |
|
|
|
62,131 |
|
|
RAM Energy Holdings LLC |
|
|
— |
|
|
Energy and Utilities |
|
|
— |
|
|
|
— |
|
|
|
180,805 |
|
|
|
162,708 |
|
|
|
81,710 |
|
Total Common Equity |
|
|
|
|
|
|
|
|
|
|
|
225,408 |
|
|
|
196,269 |
|
|||||||||
Total Investments in Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
412,587 |
|
|
|
384,628 |
|
|||||||||
Total Investments—190.2% |
|
|
|
|
|
|
|
|
|
|
|
1,221,121 |
|
|
|
1,255,290 |
|
|||||||||
Cash and Cash Equivalents—3.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
BlackRock Federal FD Institutional 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,220 |
|
|
|
18,220 |
|
||||
BNY Mellon Cash Reserve and Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,163 |
|
|
|
2,137 |
|
||||
Total Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
20,383 |
|
|
|
20,357 |
|
|||||||||
Total Investments and Cash Equivalents—193.2% |
|
|
|
|
|
|
|
|
|
|
$ |
1,241,504 |
|
|
$ |
1,275,647 |
|
|||||||||
Liabilities in Excess of Other Assets—(93.2%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(615,503 |
) |
||||||||||
Net Assets—100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
660,144 |
|
||||||||||
EXHIBIT 99.2
