Welcome to our dedicated page for Pennantpark Floating Rate Cap news (Ticker: PFLT), a resource for investors and traders seeking the latest updates and insights on Pennantpark Floating Rate Cap stock.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a closed-end, externally managed investment company that regularly reports on its activities in the U.S. middle-market credit space. The company focuses on floating rate loans and other investments made to U.S. middle-market companies, and its news flow reflects this focus through detailed portfolio and earnings updates.
News releases from PennantPark Floating Rate Capital Ltd. commonly cover quarterly and annual financial results, including net investment income, realized and unrealized gains or losses, and changes in net asset value. These announcements also provide insight into the composition of the investment portfolio, such as the mix of first lien secured debt, subordinated debt, and preferred and common equity, as well as the number of portfolio companies and the weighted average yield on debt investments.
The company frequently issues press releases announcing monthly distributions on its common stock, specifying the per-share amount, record date, and payment date. These distribution announcements are often accompanied by explanations that the distributions are expected to be paid from taxable net investment income, with final tax characteristics reported to stockholders and in SEC filings. Additional news items include scheduling notices for earnings releases and conference calls, where management discusses financial results and portfolio performance.
Investors following PFLT news can also see updates related to its joint ventures, such as portfolio statistics for PennantPark Senior Secured Loan Fund I LLC (PSSL) and financing arrangements involving PennantPark Senior Secured Loan Fund II LLC (PSSL II). For ongoing insight into the company’s credit investment activity, income generation, and capital structure developments, this news feed aggregates the company’s press releases and related disclosures.
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 (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.
PennantPark Floating Rate Capital (NYSE: PFLT) has announced the completion of a $301 million debt securitization through its joint venture PSSL's subsidiary, PennantPark CLO 12. The collateralized loan obligation (CLO) features a four-year reinvestment period and twelve-year final maturity.
The securitization is structured across multiple classes, with AAA-rated tranches comprising the majority of the capital structure. The proceeds will be used to repay a portion of PSSL's $325 million secured credit facility. PSSL will retain all Subordinated Notes through a consolidated subsidiary.
This marks PennantPark's lowest AAA pricing in its platform's history, with the company now managing approximately $4.0 billion in CLO middle market assets. The reinvestment period ends in April 2029, with debt maturity scheduled for April 2037. CIBC World Markets Corp. served as lead placement agent for the securitization.
FAQ
What is the current stock price of Pennantpark Floating Rate Cap (PFLT)?
What is the market cap of Pennantpark Floating Rate Cap (PFLT)?
