PennantPark Floating Rate Capital Ltd. Announces Acquisition of $250 Million Asset Portfolio
PennantPark Floating Rate Capital (NYSE: PFLT) has announced the acquisition of a $250 million asset portfolio, including assets from TSO Puma SPV, LLC, a Towerbrook Capital Partners affiliate. The acquisition comes from the winding down of PennantPark-TSO Senior Loan Fund, LP, with assets being acquired at their most recent fair market value.
The acquired portfolio's average spread and credit statistics align with PFLT's existing portfolio. CEO Art Penn expects this strategic move to be accretive to net investment income by approximately $0.02 per share per quarter. The company, a business development company managing about $10 billion of investable capital, primarily focuses on U.S. middle-market private companies through floating rate senior secured loans.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato l'acquisto di un portafoglio di attività da 250 milioni di dollari, che include asset provenienti da TSO Puma SPV, LLC, affiliata a Towerbrook Capital Partners. L'acquisizione deriva dalla chiusura del PennantPark-TSO Senior Loan Fund, LP, e gli asset sono stati comprati al loro ultimo valore equo di mercato.
Lo spread medio e le statistiche creditizie del portafoglio acquisito sono in linea con quelli dell'attuale portafoglio di PFLT. L'amministratore delegato Art Penn prevede che questa mossa strategica sarà accrescitiva per il reddito netto da investimenti di circa 0,02 dollari per azione a trimestre. La società, una business development company che gestisce circa 10 miliardi di dollari di capitale investibile, si concentra principalmente su società private del mercato middle-market statunitense attraverso prestiti senior garantiti a tasso variabile.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado la adquisición de una cartera de activos de 250 millones de dólares, que incluye activos de TSO Puma SPV, LLC, una filial de Towerbrook Capital Partners. La compra proviene del cierre gradual del PennantPark-TSO Senior Loan Fund, LP, y los activos se adquirieron a su más reciente valor razonable de mercado.
El spread medio y las métricas crediticias de la cartera adquirida se alinean con las del portafolio existente de PFLT. El director ejecutivo Art Penn espera que este movimiento estratégico sea acretivo para el ingreso neto por inversiones en aproximadamente 0,02 dólares por acción por trimestre. La compañía, una business development company que gestiona alrededor de 10.000 millones de dólares en capital invertible, se enfoca principalmente en empresas privadas del mercado medio de EE. UU. mediante préstamos senior garantizados a tasa variable.
PennantPark Floating Rate Capital (NYSE: PFLT)가 2억5천만 달러 규모의 자산 포트폴리오를 인수했다고 발표했습니다. 이 포트폴리오에는 Towerbrook Capital Partners 계열사인 TSO Puma SPV, LLC의 자산이 포함되어 있습니다. 이번 인수는 PennantPark-TSO Senior Loan Fund, LP의 청산 과정에서 이루어졌으며, 자산은 최근 공정 시장 가치로 취득되었습니다.
인수한 포트폴리오의 평균 스프레드 및 신용 통계는 PFLT의 기존 포트폴리오와 유사합니다. CEO인 아트 펜(Art Penn)은 이 전략적 조치가 주당 분기당 약 0.02달러의 순투자수익 증가(증가효과)를 가져올 것으로 예상합니다. 이 회사는 약 100억 달러의 투자 가능 자본을 운용하는 비즈니스 개발 회사로, 주로 미국 중견기업에 대해 변동금리 선순위 담보 대출을 제공하는 데 주력하고 있습니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé l'acquisition d'un portefeuille d'actifs de 250 millions de dollars, incluant des actifs de TSO Puma SPV, LLC, une affiliée de Towerbrook Capital Partners. L'acquisition intervient dans le cadre de la liquidation du PennantPark-TSO Senior Loan Fund, LP, et les actifs ont été achetés à leur dernière juste valeur de marché.
Le spread moyen et les statistiques de crédit du portefeuille acquis sont en phase avec ceux du portefeuille existant de PFLT. Le PDG Art Penn prévoit que cette opération stratégique sera accroisseuse du revenu net d'investissement d'environ 0,02 $ par action et par trimestre. La société, une business development company gérant environ 10 milliards de dollars de capital investissable, se concentre principalement sur les entreprises privées du marché intermédiaire américain via des prêts seniors garantis à taux variable.
PennantPark Floating Rate Capital (NYSE: PFLT) hat den Erwerb eines 250-Millionen-Dollar-Aktiva-Portfolios bekanntgegeben, das Vermögenswerte von TSO Puma SPV, LLC, einer Tochtergesellschaft von Towerbrook Capital Partners, umfasst. Die Übernahme erfolgt im Zuge der Abwicklung des PennantPark-TSO Senior Loan Fund, LP, und die Vermögenswerte wurden zum zuletzt ermittelten beizulegenden Zeitwert erworben.
Die durchschnittliche Spread- und Kreditkennzahlen des übernommenen Portfolios entsprechen denen von PFLT's bestehendem Portfolio. CEO Art Penn erwartet, dass dieser strategische Schritt den Nettoanlageertrag um etwa 0,02 USD je Aktie pro Quartal steigern wird. Das Unternehmen, eine Business Development Company, verwaltet rund 10 Milliarden US-Dollar an investierbarem Kapital und konzentriert sich hauptsächlich auf US-Mittelstandsunternehmen durch variabel verzinste, vorrangig besicherte Kredite.
- Expected increase in net investment income by $0.02 per share quarterly
- Portfolio acquisition maintains similar credit quality to existing assets
- Acquired assets are already familiar to the company's investment adviser
- Strategic expansion of portfolio with $250 million in quality assets
- Potential integration risks from large portfolio acquisition
- Additional exposure to middle-market credit risk
Insights
PFLT's $250M portfolio acquisition from TSO Puma will boost quarterly earnings by $0.02/share, optimizing its middle-market loan assets.
PennantPark Floating Rate Capital (PFLT) has acquired a
The acquisition comes with two notable advantages. First, PFLT's investment adviser is already familiar with these assets, which significantly reduces integration risk and due diligence uncertainty. Second, management expects this transaction to be immediately accretive, adding approximately
For context, this acquisition is meaningful relative to PFLT's overall portfolio. As a middle-market focused BDC managing about
The transaction appears to maintain PFLT's risk profile, as management noted the average spread and credit statistics of the acquired portfolio are generally in-line with PFLT's existing assets. This suggests the acquisition enhances scale without compromising the company's established risk parameters or significantly altering its investment strategy in the middle-market lending space.
MIAMI, Sept. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it has acquired a portfolio of approximately
‘We are pleased to add quality assets that we know well to the PFLT portfolio,” said Art Penn, Chairman and CEO. “We believe that this will help optimize our portfolio and will be accretive to net investment income by approximately two cents per share per quarter.”
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing approximately
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
CONTACT:
Richard T. Allorto, Jr.
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
www.pennantpark.com
FAQ
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