PennantPark Private Income Fund Adds Lenders to Credit Facility

What Happened
PennantPark Private Income Fund filed an 8-K reporting that on September 1, 2026 its wholly‑owned subsidiary, PennantPark Private Income Fund SPV, LLC (the Borrower), entered into the Third Amendment to its senior secured revolving credit facility (originally dated October 1, 2025). The Amendment adds Apple Bank and Sumitomo Mitsui Trust Bank as lenders with commitments of $35.0 million and $50.0 million, respectively, and reduces CIBC Bank USA’s commitment. The facility’s total aggregate borrowing capacity remains unchanged at $200.0 million. No other material terms of the Credit Facility were modified.

Key Details

• Amendment date: September 1, 2026; original Credit Facility dated October 1, 2025.
• New lender commitments: Apple Bank $35.0 million; Sumitomo Mitsui Trust Bank $50.0 million.
• Total facility size unchanged: $200.0 million aggregate borrowing capacity.
• Parties named include PennantPark Investment Advisers, LLC (collateral manager), CIBC Bank USA (administrative agent) and Western Alliance Trust Company (collateral agent). The Amendment is filed as Exhibit 10.1 to the 8-K.

Why It Matters
This change shows the fund has maintained its revolving credit capacity and added new lending relationships, which can diversify funding sources and reduce lender concentration risk. Because the total borrowing capacity and “material” terms were not changed, the Amendment does not increase leverage or alter the facility’s size; it mainly reallocates lender commitments. Investors looking at liquidity and financing stability can view this as a maintenance/strengthening of the fund’s credit arrangements rather than an expansion of borrowing.