PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Third Quarter Ended June 30, 2025
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 Ltd. (NYSE: PFLT) ha comunicato i risultati finanziari del terzo trimestre 2025, con un reddito netto da investimenti di $24.6 milioni ($0.25 per azione). Il portafoglio investimenti della società è salito a $2.4 miliardi, composto principalmente da debito garantito di primo grado con un rendimento medio ponderato del 10,4%.
Tra gli sviluppi principali c'è una nuova joint venture con Hamilton Lane focalizzata sui prestiti senior garantiti per il middle market, e una linea di credito modificata con condizioni migliorate, inclusa una riduzione del pricing a SOFR+200bps. Il portafoglio di PSSL ammontava a $1.06 miliardi distribuiti su 117 società. La società ha mantenuto una solida qualità del portafoglio, con solo l'1,0% degli investimenti in sofferenza (valutati al costo).
Nel terzo trimestre PFLT ha investito $208.1 milioni in nuove ed esistenti partecipate e ha ricevuto $145.8 milioni in rimborsi. La società ha completato una cartolarizzazione CLO da $301 milioni tramite PSSL nell'aprile 2025.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) informó sus resultados financieros del tercer trimestre de 2025, con un ingreso neto de inversiones de $24.6 millones ($0.25 por acción). La cartera de inversiones de la compañía alcanzó $2.4 mil millones, compuesta principalmente por deuda garantizada de primer rango con un rendimiento medio ponderado del 10,4%.
Entre los acontecimientos clave figura una nueva joint venture con Hamilton Lane centrada en préstamos senior garantizados para el mercado medio, y una línea de crédito enmendada con condiciones mejoradas, incluida una reducción del precio hasta SOFR+200bps. La cartera de PSSL totalizaba $1.06 mil millones en 117 empresas. La compañía mantuvo una alta calidad de cartera, con solo el 1,0% de las inversiones en mora (base de costo).
Durante el tercer trimestre, PFLT invirtió $208.1 millones en empresas del portafolio, nuevas y existentes, y recibió $145.8 millones en reembolsos. La compañía completó una securitización CLO de $301 millones a través de PSSL en abril de 2025.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT)는 2025년 3분기 실적을 발표했으며, 순투자수익은 $24.6 million (주당 $0.25)였습니다. 회사의 투자 포트폴리오는 $2.4 billion에 달했으며, 주로 최우선 담보 부채(first lien secured debt)로 구성되고 가중평균 수익률은 10.4%였습니다.
주요 내용으로는 중견시장 선순위 담보 대출에 초점을 맞춘 Hamilton Lane과의 신규 조인트벤처 설립과, SOFR+200bps로 가격이 인하되는 등 조건이 개선된 개정 신용시설이 포함됩니다. PSSL의 포트폴리오는 117개 기업에 걸쳐 총 $1.06 billion이었고, 포트폴리오 품질은 우수하게 유지되어 비발생이자(non-accrual, 비용 기준) 비중은 단 1.0%에 불과했습니다.
3분기 동안 PFLT는 신규 및 기존 포트폴리오 기업들에 $208.1 million을 투자했고, $145.8 million을 상환받았습니다. 회사는 2025년 4월 PSSL을 통해 $301 million 규모의 CLO 증권화를 완료했습니다.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) a publié ses résultats du 3e trimestre 2025, avec un revenu net d'investissement de $24.6 millions (0,25$ par action). Le portefeuille d'investissement de la société a atteint $2.4 milliards, composé principalement de dettes garanties de premier rang avec un rendement moyen pondéré de 10,4%.
Parmi les faits marquants figurent une nouvelle coentreprise avec Hamilton Lane axée sur les prêts senior garantis au marché intermédiaire, et une facilité de crédit amendée avec des conditions améliorées, incluant une baisse de tarification à SOFR+200 points de base. Le portefeuille de PSSL s'élevait à $1.06 milliard réparti sur 117 entreprises. La société a maintenu une bonne qualité de portefeuille, avec seulement 1,0% des investissements classés comme intérêts non comptabilisés (sur la base du coût).
Au 3e trimestre, PFLT a investi $208.1 millions dans des sociétés du portefeuille, nouvelles et existantes, tout en recevant $145.8 millions de remboursements. La société a finalisé en avril 2025 une systématisation CLO de $301 millions via PSSL.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) meldete die Finanzergebnisse für das 3. Quartal 2025 mit einem Nettoanlageertrag von $24.6 Millionen ($0.25 je Aktie). Das Anlageportfolio des Unternehmens belief sich auf $2.4 Milliarden und bestand hauptsächlich aus first-lien gesicherten Krediten mit einer gewichteten durchschnittlichen Rendite von 10,4%.
Wesentliche Entwicklungen umfassen ein neues Joint Venture mit Hamilton Lane, das sich auf Middle-Market Senior Secured Loans konzentriert, sowie eine geänderte Kreditfazilität mit verbesserten Konditionen, einschließlich einer Reduzierung der Preisstellung auf SOFR+200 Basispunkte. Das Portfolio von PSSL belief sich auf $1.06 Milliarden über 117 Unternehmen. Das Unternehmen hielt eine starke Portfolioqualität, wobei nur 1,0% der Investitionen auf Non-Accrual (auf Kostengrundlage) standen.
Im 3. Quartal investierte PFLT $208.1 Millionen in neue und bestehende Portfoliounternehmen und erhielt $145.8 Millionen an Rückzahlungen. Das Unternehmen vollzog im April 2025 über PSSL eine $301 Millionen CLO-Verbriefung.
- Portfolio growth to $2.4 billion from $1.98 billion year-over-year
- Investment income increased to $63.5 million in Q3 2025 from $48.5 million in Q3 2024
- New strategic joint venture formed with Hamilton Lane
- Improved credit facility terms with reduced pricing and increased advance rate to 72.5%
- Successfully closed $301 million CLO securitization through PSSL
- Net asset value per share decreased 1.0% quarter-over-quarter
- Non-accrual investments increased to 1.0% of portfolio cost from 0.4% year-over-year
- Net unrealized depreciation increased to $51.3 million from $11.4 million in September 2024
- Net investment income per share decreased to $0.25 from $0.31 year-over-year
Insights
PFLT reported Q3 NII of $0.25/share, below the $0.31 quarterly distribution, but maintained a robust 10.4% yield on investments.
PennantPark Floating Rate Capital reported Q3 2025 net investment income (NII) of $0.25 per share, falling short of its $0.31 quarterly distribution. However, the company emphasized its Core NII of $0.27 per share, which excludes one-time costs including $2.9 million in credit facility amendment expenses. The company's NAV per share declined 1.0% quarter-over-quarter, reflecting some portfolio depreciation.
PFLT's investment portfolio expanded to $2.4 billion, up from $1.98 billion at fiscal year-end 2024, demonstrating significant growth. The portfolio consists of 99% variable-rate investments, positioning it well in the current interest rate environment. The company maintains a weighted average yield on debt investments of 10.4%, though this represents a decline from 11.5% in the year-ago period, likely due to the general interest rate environment.
Credit quality appears relatively stable with two portfolio companies on non-accrual, representing 1.0% and 0.5% of the overall portfolio on a cost and fair value basis, respectively. This represents a slight increase from 0.4% and 0.2% at fiscal year-end 2024.
The company completed $208.1 million in new investments during the quarter at a 10.1% yield, below the portfolio average. Management noted an "uptick in deal activity" which they believe will lead to increased loan originations in the second half of 2025. Importantly, PFLT announced the formation of a new joint venture with Hamilton Lane focused on middle market senior secured loans, which management expects will drive NII growth.
On the financing front, PFLT completed an amendment to its credit facility in April 2025, reducing pricing by 25 basis points to SOFR+200, extending the maturity to August 2030, and increasing the advance rate to 72.5% from 70.0%. Additionally, its PSSL subsidiary closed a $301 million CLO with a four-year reinvestment period, providing additional investment capacity.
MIAMI, Aug. 11, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the third fiscal quarter ended June 30, 2025.
HIGHLIGHTS
Quarter ended June 30, 2025 (Unaudited)
($ in millions, except per share amounts)
| Assets and Liabilities: | |||
| Investment portfolio (1) | $ | 2,403.5 | |
| Net assets | $ | 1,087.5 | |
| Net asset value per share | $ | 10.96 | |
| Quarterly change in net asset value per share | (1.0 | )% | |
| Credit Facility | $ | 298.9 | |
| 2036 Asset-Backed Debt, net of unamortized deferred financing costs | $ | 284.5 | |
| 2036-R Asset-Backed Debt, net of unamortized deferred financing costs | $ | 265.3 | |
| 2037 Asset-Backed Debt, net of unamortized deferred financing costs | $ | 358.2 | |
| 2026 Notes, net of unamortized deferred financing costs | $ | 184.4 | |
| Regulatory debt to equity | 1.29x | ||
| Weighted average yield on debt investments at quarter-end | 10.4 | % | |
| Operating Results: | |||
| Net investment income | $ | 24.6 | |
| Net investment income per share | $ | 0.25 | |
| Core net investment income per share (2) | $ | 0.27 | |
| Distributions declared per share | $ | 0.31 | |
| Portfolio Activity: | |||
| Purchases of investments | $ | 208.1 | |
| Sales and repayments of investments | $ | 145.8 | |
| PSSL Portfolio data: | |||
| PSSL investment portfolio | $ | 1,055.6 | |
| Purchases of investments | $ | 52.3 | |
| Sales and repayments of investments | $ | 53.8 | |
_______________
(1) Includes investments in PennantPark Senior Secured Loan Fund I LLC, or PSSL, an unconsolidated joint venture, totaling
(2) Core net investment income (“Core NII”) is a non-GAAP financial measure. The Company believes that Core NII provides useful information to investors and management because it reflects the Company's financial performance excluding one-time or non-recurring investment income and expenses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. For the quarter ended June 30, 2025, Core NII excluded: i)
CONFERENCE CALL AT 9:00 A.M. ET ON AUGUST 12, 2025
PennantPark Floating Rate Capital Ltd. ("we", "our", "us", or the "Company") will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, August 12, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #5487696 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.
PORTFOLIO AND INVESTMENT ACTIVITY
"We are encouraged by the recent uptick in deal activity, which we believe will lead to increased loan originations in the second half of 2025." said Art Penn, Chairman and CEO. “We anticipate continued net investment income growth and full dividend coverage as we invest the capital raised through our ATM program and debt financings in the previous quarters. In addition, we are pleased to announce the formation of a new joint venture with our long-term and trusted partner, Hamilton Lane. The new joint venture will invest in our core middle market directly originated senior secured loans and is expected to drive growth in our net investment income."
As of June 30, 2025, our portfolio totaled
As of September 30, 2024, our portfolio totaled
For the three months ended June 30, 2025, we invested
For the three months ended June 30, 2024, we invested
PennantPark Senior Secured Loan Fund I LLC
As of June 30, 2025, PSSL’s portfolio totaled
For the three months ended June 30, 2025, PSSL invested
For the three months ended June 30, 2024, PSSL invested
RESULTS OF OPERATIONS
Set forth below are the results of operations for the three and nine months ended June 30, 2025 and 2024.
Investment Income
For the three and nine months ended June 30, 2025 investment income was
Expenses
For the three and nine months ended June 30, 2025, expenses totaled
Net Investment Income
For the three and nine months ended June 30, 2025 net investment income totaled
Net Realized Gains or Losses
For the three and nine months ended June 30, 2025 net realized gains (losses) totaled
Unrealized Appreciation or Depreciation on Investments and Debt
For the three and nine months ended June 30, 2025 we reported net change in unrealized appreciation (depreciation) on investments of
For the three and nine months ended June 30, 2025, our Credit Facility had a net change in unrealized appreciation (depreciation) of
Net Change in Net Assets Resulting from Operations
For the three and nine months ended June 30, 2025, net increase (decrease) in net assets resulting from operations totaled
LIQUIDITY AND CAPITAL RESOURCES
Our liquidity and capital resources are derived primarily from cash flows from operations, including income earned, proceeds from investment sales and repayments, and proceeds of securities offerings and debt financings. Our primary use of funds from operations includes investments in portfolio companies and payments of fees and other operating expenses we incur. We have used, and expect to continue to use, our debt capital, proceeds from our portfolio and proceeds from public and private offerings of securities to finance our investment objectives and operations.
For the nine months ended June 30, 2025 and 2024, the annualized weighted average cost of debt, inclusive of the fee on the undrawn commitment on the Credit Facility, amendment costs and debt issuance costs, was
In April 2025, PennantPark Floating Rate Capital Ltd. amended its credit facility agreement led by Truist Bank. As part of the amendment, the credit facility pricing decreased to SOFR plus 200 basis points from SOFR plus 225 basis points, the reinvestment period was extended one year to August 2028, the maturity date was extended one year to August 2030, and the maximum first lien advance rate was increased to
In April 2025, PSSL through its wholly-owned and consolidated subsidiary, PennantPark CLO 12, LLC closed a four year reinvestment period, twelve-year final maturity
In May 2025, PSSL through its wholly-owned and consolidated subsidiary, PennantPark CLO VI, LLC closed the refinancing of its 2035 Asset-Backed Debt through a four year reinvestment period, twelve-year final maturity
As of June 30, 2025 and September 30, 2024, we had cash equivalents of
During the three and nine months ended June 30, 2025 we issued 2,800,000 shares and 21,638,000 shares of our common stock through the 2024 ATM Program, respectively at an average price of
For the nine months ended June 30, 2025, our operating activities used cash of
For the nine months ended June 30, 2024, our operating activities used cash of
DISTRIBUTIONS
During the three and nine months ended June 30, 2025 we declared distributions of
RECENT DEVELOPMENTS
In August 2025, the Company formed PennantPark Senior Secured Loan Fund II, LLC ("PSSL II"), a joint venture with a fund managed by Hamilton Lane ("HL"). PSSL II is expected to invest primarily in middle market loans consistent with PFLT’s core origination and underwriting strategy.
PFLT and HL have committed to provide a combined
AVAILABLE INFORMATION
The Company makes available on its website its Quarterly Report on Form 10-Q filed with the SEC, and stockholders may find such report on its website at www.pennantpark.com.
| PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except per share data) | ||||||||
| June 30, 2025 | September 30, 2024 | |||||||
| (unaudited) | ||||||||
| Assets | ||||||||
| Investments at fair value | ||||||||
| Non-controlled, non-affiliated investments (amortized cost— | $ | 2,112,576 | $ | 1,632,269 | ||||
| Controlled, affiliated investments (amortized cost— | 290,939 | 351,235 | ||||||
| Total investments (amortized cost— | 2,403,515 | 1,983,504 | ||||||
| Cash and cash equivalents (cost— | 102,730 | 112,050 | ||||||
| Interest receivable | 11,935 | 12,167 | ||||||
| Distributions receivable | 1,269 | 635 | ||||||
| Due from affiliate | 163 | 291 | ||||||
| Prepaid expenses and other assets | 1,990 | 198 | ||||||
| Total assets | 2,521,602 | 2,108,845 | ||||||
| Liabilities | ||||||||
| Credit Facility payable, at fair value (cost— | 298,865 | 443,880 | ||||||
| 2026 Notes payable, net (par— | 184,415 | 183,832 | ||||||
| 2036 Asset-Backed Debt, net (par— | 284,492 | 284,086 | ||||||
| 2036-R Asset-Backed Debt, net (par— | 265,333 | 265,235 | ||||||
| 2037 Asset-Backed Debt, net (par— | 358,207 | — | ||||||
| Payable for investments purchased | — | 20,363 | ||||||
| Interest payable on debt | 18,676 | 14,645 | ||||||
| Distributions payable | 10,170 | 7,834 | ||||||
| Base management fee payable | 5,929 | 4,588 | ||||||
| Incentive fee payable | 5,396 | 3,189 | ||||||
| Accounts payable and accrued expenses | 1,667 | 2,187 | ||||||
| Deferred tax liability | 890 | 1,712 | ||||||
| Due to affiliate | 49 | — | ||||||
| Total liabilities | 1,434,089 | 1,231,551 | ||||||
| Net assets | ||||||||
| Common stock, 99,217,896 and 77,579,896 shares issued and outstanding, respectively | ||||||||
| Par value | 99 | 78 | ||||||
| Paid-in capital in excess of par value | 1,221,478 | 976,744 | ||||||
| Accumulated deficit | (134,064 | ) | (99,528 | ) | ||||
| Total net assets | $ | 1,087,513 | $ | 877,294 | ||||
| Total liabilities and net assets | $ | 2,521,602 | $ | 2,108,845 | ||||
| Net asset value per share | $ | 10.96 | $ | 11.31 | ||||
| PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (Unaudited) | ||||||||||||||||
| Three Months Ended June 30, | Nine Months Ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Investment income: | ||||||||||||||||
| From non-controlled, non-affiliated investments: | ||||||||||||||||
| Interest | $ | 50,856 | $ | 34,456 | $ | 147,533 | $ | 88,693 | ||||||||
| Dividend | 549 | 768 | 1,495 | 1,853 | ||||||||||||
| Other income | 786 | 591 | 2,901 | 3,622 | ||||||||||||
| From controlled, affiliated investments: | ||||||||||||||||
| Interest | 7,373 | 8,841 | 27,526 | 25,595 | ||||||||||||
| Dividend | 3,938 | 3,719 | 12,688 | 10,938 | ||||||||||||
| Other income | — | 130 | 306 | 130 | ||||||||||||
| Total investment income | 63,502 | 48,505 | 192,449 | 130,831 | ||||||||||||
| Expenses: | ||||||||||||||||
| Interest and expenses on debt | 22,547 | 16,293 | 67,437 | 39,923 | ||||||||||||
| Performance-based incentive fee | 5,396 | 5,307 | 19,146 | 14,937 | ||||||||||||
| Base management fee | 5,929 | 3,908 | 16,797 | 10,283 | ||||||||||||
| General and administrative expenses | 1,200 | 1,050 | 3,600 | 3,293 | ||||||||||||
| Administrative services expenses | 750 | 450 | 1,900 | 1,661 | ||||||||||||
| Expenses before amendment costs and provision for taxes | 35,822 | 27,008 | 108,880 | 70,097 | ||||||||||||
| Provision for taxes on net investment income | 200 | 193 | 650 | 894 | ||||||||||||
| Credit Facility amendment costs | 2,855 | 94 | 3,297 | 94 | ||||||||||||
| Total expenses | 38,877 | 27,295 | 112,827 | 71,085 | ||||||||||||
| Net investment income | 24,625 | 21,210 | 79,622 | 59,746 | ||||||||||||
| Realized and unrealized gain (loss) on investments and debt: | ||||||||||||||||
| Net realized gain (loss) on: | ||||||||||||||||
| Non-controlled, non-affiliated investments | (14,842 | ) | (353 | ) | (14,456 | ) | 568 | |||||||||
| Non-controlled and controlled, affiliated investments | — | — | 22,811 | — | ||||||||||||
| Provision for taxes on realized gain (loss) on investments | 12 | — | (82 | ) | — | |||||||||||
| Net realized gain (loss) on investments | (14,830 | ) | (353 | ) | 8,273 | 568 | ||||||||||
| Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||
| Non-controlled, non-affiliated investments | 16,233 | (1,064 | ) | 9,546 | 7,443 | |||||||||||
| Controlled and non-controlled, affiliated investments | (6,351 | ) | (2,889 | ) | (49,401 | ) | 2,519 | |||||||||
| Provision for taxes on unrealized appreciation (depreciation) on investments | (303 | ) | — | 797 | 230 | |||||||||||
| Debt appreciation (depreciation) | (76 | ) | 16 | 15 | (7 | ) | ||||||||||
| Net change in unrealized appreciation (depreciation) on investments and debt | 9,503 | (3,937 | ) | (39,043 | ) | 10,185 | ||||||||||
| Net realized and unrealized gain (loss) from investments and debt | (5,327 | ) | (4,290 | ) | (30,770 | ) | 10,753 | |||||||||
| Net increase (decrease) in net assets resulting from operations | $ | 19,298 | $ | 16,920 | $ | 48,852 | $ | 70,499 | ||||||||
| Net increase (decrease) in net assets resulting from operations per common share | $ | 0.19 | $ | 0.25 | $ | 0.54 | $ | 1.12 | ||||||||
| Net investment income per common share | $ | 0.25 | $ | 0.31 | $ | 0.88 | $ | 0.95 | ||||||||
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market 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 AND OTHER
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act. 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.
We may use words such as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations.
The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
| CONTACT: | Richard T. Allorto, Jr. PennantPark Floating Rate Capital Ltd. (212) 905-1000 www.pennantpark.com | |
FAQ
What were PFLT's key financial results for Q3 2025?
How did PFLT's portfolio composition change in Q3 2025?
What were the terms of PFLT's credit facility amendment in April 2025?
How much did PFLT invest and receive in repayments during Q3 2025?
What is the status of PFLT's joint venture with Hamilton Lane?
