Private Credit Lenders to Take Over Zips Car Wash Through Bankruptcy [Yahoo! Finance Canada]
PennantPark Investment Corporation (PNNT)
Last pennantpark investment corporation earnings: 2/6 04:05 pm
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Source: Yahoo! Finance Canada
(Bloomberg) -- Car wash operator Zips Car Wash has filed for bankruptcy with a plan to hand over control of the business to its private credit lenders. Most Read from Bloomberg The company filed for Chapter 11 in Dallas on Wednesday with $654 million of total funded debt, according to court documents. Through the restructuring, Zips plans to reduce its debt by about $279 million and secure $15 million of new capital, it said in a separate statement. It expects to emerge from bankruptcy in about two to three months. The Atlantic Street Capital-backed company had been in negotiations with lenders including HPS Investment Partners, PennantPark Investment Corp. and Brightwood Capital Advisors and had sought rent concessions from landlords amid a cash crunch, Bloomberg previously reported. Zips is the latest example of a company that obtained financing in the private credit market that's been forced to hand over keys to lenders. Insurance claims manager Alacrity Solutions and ed
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PNNT
News
- PennantPark Investment Corporation Exits Significant Equity Investment and Upsizes Credit Facility [Yahoo! Finance]Yahoo! Finance
- PennantPark Investment Corporation Exits Significant Equity Investment and Upsizes Credit FacilityGlobeNewswire
- PennantPark Investment (NASDAQ:PNNT) was upgraded by analysts at Compass Point from a "sell" rating to a "neutral" rating. They now have a $5.50 price target on the stock, down previously from $5.75.MarketBeat
- PennantPark Investment: Better-Priced For Down Cycle [Seeking Alpha]Seeking Alpha
- PennantPark Investment declares $0.08 dividend [Seeking Alpha]Seeking Alpha
PNNT
Earnings
- 11/24/25 - Miss
PNNT
Sec Filings
- 12/17/25 - Form DEF
- 12/15/25 - Form 8-K
- 12/9/25 - Form 4
- PNNT's page on the SEC website