Pennantpark Floating Rate Cap Stock Price, News & Analysis

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) reported financial results for Q3 2025, with net investment income of $24.6 million ($0.25 per share). The company's investment portfolio reached $2.4 billion, consisting primarily of first lien secured debt with a weighted average yield of 10.4%.

Key developments include a new joint venture with Hamilton Lane focused on middle market senior secured loans, and an amended credit facility with improved terms including reduced pricing to SOFR+200bps. PSSL's portfolio totaled $1.06 billion across 117 companies. The company maintained strong portfolio quality with only 1.0% of investments on non-accrual (cost basis).

During Q3, PFLT invested $208.1 million in new and existing portfolio companies while receiving $145.8 million in repayments. The company completed a $301 million CLO securitization through PSSL in April 2025.

PennantPark Floating Rate Capital (NYSE: PFLT) has declared its monthly distribution of $0.1025 per share for August 2025, payable on September 2, 2025, to stockholders of record as of August 15, 2025.

The distribution will be funded from taxable net investment income. As a regulated investment company (RIC), PFLT generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax for non-U.S. stockholders with proper documentation.

The company, managed by PennantPark Investment Advisers, LLC, primarily invests in U.S. middle-market private companies through floating rate senior secured loans. The management firm oversees approximately $10 billion of investable capital and operates from offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.

PennantPark Floating Rate Capital (NYSE: PFLT), a business development company, has scheduled its third fiscal quarter 2025 earnings release for August 11, 2025 after market close. The company will host a conference call on August 12, 2025 at 9:00 a.m. ET to discuss the results.

PFLT primarily invests in U.S. middle-market private companies through floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, a middle market credit platform managing approximately $10 billion of investable capital. PennantPark Investment Advisers operates from offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.

PennantPark Floating Rate Capital (NYSE: PFLT) has declared its monthly distribution of $0.1025 per share for July 2025. The distribution will be payable on August 1, 2025 to stockholders of record as of July 15, 2025.

As a regulated investment company (RIC), PFLT primarily invests in U.S. middle-market private companies through floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, LLC, a middle market credit platform managing approximately $10 billion of investable capital.

The distribution is expected to be paid from taxable net investment income, and may be exempt from U.S. withholding tax for non-U.S. stockholders when distributed as interest-related dividends.

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced its monthly distribution of $0.1025 per share for June 2025, payable on July 1, 2025, to stockholders of record as of June 16, 2025. The distribution will be sourced from taxable net investment income. PFLT operates as a business development company focusing on U.S. middle-market private companies, primarily investing in floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, LLC, a middle market credit platform managing approximately $10 billion of investable capital. The distribution may be exempt from U.S. withholding tax for non-U.S. stockholders when proper documentation is provided, as the company generates qualified interest income and short-term capital gains.

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced that its joint venture PSSL has successfully completed a $315.8 million debt securitization reset through its subsidiary CLO VI. The restructured debt includes $228 million in A-R Loans at SOFR + 1.85%, $18 million in B-R Loans at SOFR + 4.50%, and retained positions in C-R Loans and Subordinated Notes. The reset extends the maturity to April 2037 and includes a four-year reinvestment period. This transaction is expected to significantly reduce PFLT's and PSSL's cost of capital. The company, which manages approximately $4.0 billion in middle market assets in securitizations, has about $850 million of available capital between PFLT and PSSL for investment in middle market loans.

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) reported its Q2 2025 financial results. The company's investment portfolio reached $2.34 billion, with net investment income of $25.0 million ($0.28 per share). The portfolio consisted of 159 companies, with 100% variable-rate investments and a weighted average yield of 10.5% on debt investments. PFLT's NAV per share decreased by 2.4% to $11.07. During Q2, the company invested $293.3 million in new and existing portfolio companies while receiving $122.4 million in repayments. Notable developments include a new $474.6 million term debt securitization completed in February 2025. The company maintained strong liquidity with $462.1 million of unused borrowing capacity and $111.4 million in cash equivalents.

PennantPark Floating Rate Capital (NYSE: PFLT) has announced its monthly distribution of $0.1025 per share for May 2025. The distribution will be payable on June 2, 2025, to stockholders of record as of May 15, 2025. The payment is expected to be sourced from taxable net investment income.

PFLT operates as a business development company focusing on U.S. middle-market private companies, primarily investing in floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, LLC, a middle market credit platform managing approximately $10 billion of investable capital.

PennantPark Floating Rate Capital (PFLT) has successfully amended its credit facility agreement with Truist Bank, securing more favorable terms. The key changes include:

- Reduced pricing from SOFR plus 225 basis points to SOFR plus 200 basis points
- Extended reinvestment period by one year to August 2028
- Extended maturity date by one year to August 2030
- Increased maximum first lien advance rate from 70.0% to 72.5%
- Slight reduction in commitments from $736 million to $718 million

The Credit Facility is secured by assets held by PennantPark Floating Rate Funding I, , a wholly-owned subsidiary, and includes standard covenants for minimum asset coverage and equity requirements.