Mayer Brown represented BNP Paribas, as administrative agent and lender in connection with a $250 million senior secured revolving credit facility provided to PennantPark Investment Funding I, LLC.

The revolving credit facility, along with other existing debt sources, will enable the company to use the flexibility and incremental leverage provided by the Small Business Credit Availability Act, and to redeem a portion of its $250 million outstanding aggregate principal amount of its 2019 notes due October 1, 2019.

The Mayer Brown Banking & Finance team was led by partners Michael Gaffney, Scott Zemser and Keith Oberkfell and included associates Jeffery Favitta and Yash Shah in New York and Charlotte.

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