PennantPark (PNNT) to Offer 8M Shares of Common Stock

September 22, 2009 4:08 PM EDT

PennantPark Investment Corporation (NASDAQ: PNNT) announced that it plans to make a public offering of 8,000,000 shares of its common stock. The Company has also granted the underwriters an option to purchase up to an additional 1,200,000 shares of common stock to cover over-allotments, if any. The offering price of the shares will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering. The offering of the shares will be made under the Company's shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission.

The Company expects to use the net proceeds for general corporate purposes, including to repay outstanding indebtedness and to fund investments in accordance with its investment objectives.

SunTrust Robinson Humphrey and BMO Capital Markets are acting as joint bookrunners for the offering and Robert W. Baird & Co., FBR Capital Markets, Keefe Bruyette & Woods, Stifel Nicholas, ING Wholesale and Natixis Bleichroeder Inc. are acting as co-managers.

Related Categories

Equity Offerings

Stocks Mentioned

Related Entities

• Keefe, Bruyette & Woods
• Robert W Baird
• BMO Capital
• Natixis Bleichroeder
• SunTrust Robinson Humphrey

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