Welcome to our dedicated page for Pennantpark Floating Rate Cap SEC filings (Ticker: PFLT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to SEC filings for PennantPark Floating Rate Capital Ltd. (NYSE: PFLT), a Maryland-incorporated, closed-end, externally managed investment company focused on floating rate loans and other investments in U.S. middle-market companies. Through these filings, investors can review the company’s regulatory disclosures on its portfolio, income, expenses, and capital structure.
PennantPark Floating Rate Capital Ltd. files annual and quarterly reports that discuss its investment portfolio, including first lien secured debt, second lien and subordinated debt, and preferred and common equity holdings. These reports describe net investment income, net realized gains or losses, and net changes in unrealized appreciation or depreciation on investments and debt. They also provide information on the proportion of variable-rate investments, non-accrual positions, and the number of portfolio companies.
The company’s current reports on Form 8-K include items such as earnings releases, monthly distribution announcements, and material financing arrangements. For example, Form 8-K filings describe monthly distributions expected to be paid from taxable net investment income, as well as a credit agreement entered into by a subsidiary of PennantPark Senior Secured Loan Fund II LLC (PSSL II) and a related non-recourse carveout guaranty by the company. Other 8-K filings furnish press releases that schedule earnings calls and outline financial results.
Definitive proxy statements on Schedule 14A set out matters submitted to stockholders, including the election of directors and the ratification of the independent registered public accounting firm. These documents explain voting procedures for stockholders of record and provide details on the virtual annual meeting format. On Stock Titan, SEC filings for PFLT are updated as they are made available on EDGAR, and AI-powered summaries can help highlight key points from lengthy documents such as 10-Ks, 10-Qs, 8-Ks, and proxy statements, as well as insider-related forms where applicable.
PennantPark Floating Rate Capital Ltd. reported that its CFO and Treasurer, Richard T. Allorto Jr., made an open-market purchase of common stock. He bought 15,000 shares at $8.15 per share on March 11, 2026, bringing his direct holdings to 25,000 shares.
PennantPark Floating Rate Capital Ltd. entered into a Second Supplemental Indenture with Equiniti Trust Company, LLC to issue $200,000,000 aggregate principal amount of its 6.75% notes due 2029. The notes mature on March 4, 2029 and pay interest semi-annually on March 4 and September 4, starting September 4, 2026.
The notes are general unsecured obligations, ranking equally with other unsecured unsubordinated debt and ahead of any future subordinated debt and preferred stock, while being effectively and structurally subordinated to secured debt and subsidiary obligations. Upon a defined change of control repurchase event, PennantPark must generally offer to repurchase the notes at 100% of principal plus accrued interest.
The notes were sold in a registered offering, with net proceeds of approximately $195.9 million. The company intends to use these funds to repay outstanding borrowings under its multi-currency senior secured revolving credit facility, to invest in new or existing portfolio companies, and for general corporate or strategic purposes.
PennantPark Floating Rate Capital Ltd. declared a monthly distribution for March 2026 of $0.1025 per share. The cash payment is scheduled for April 1, 2026 to stockholders of record as of March 16, 2026.
The distribution is expected to be paid from the company’s taxable net investment income. As a regulated investment company, it may treat portions of its payouts as interest-related dividends, which can be exempt from U.S. withholding tax for eligible non-U.S. stockholders under current law.
PennantPark Floating Rate Capital Ltd. completed a CLO reset transaction through its wholly owned subsidiary PennantPark CLO VIII, LLC. The Issuer refinanced and upsized a four-year reinvestment, twelve-year final maturity $356.5 million debt securitization via new classes of SOFR-based secured notes and related loans.
The Issuer issued multiple tranches of replacement secured notes and $5.9 million of additional subordinated notes and borrowed $80.0 million of Class A-1-R loans, all maturing in April 2038 and fully funded at closing. The obligations are non-recourse to the company, which will retain the subordinated notes through a consolidated subsidiary.
The company amended and restated its master loan sale agreement supporting an initial portfolio of approximately $265 million par amount of middle market loans and will continue to act as portfolio manager under an amended collateral management agreement, irrevocably waiving any base management fee or subordinated interest while it serves in that role.
PennantPark Floating Rate Capital Ltd. entered into an underwriting agreement to issue and sell $200 million aggregate principal amount of its 6.75% Notes due 2029. Raymond James & Associates, Inc. is acting as representative of the several underwriters.
The transaction is being carried out under PennantPark Floating Rate Capital Ltd.’s effective shelf registration statement on Form N-2, using a preliminary and a final prospectus supplement each dated February 25, 2026. The agreement includes customary representations, covenants, indemnification, and contribution provisions for the company, its adviser, and the underwriters.
PennantPark Floating Rate Capital Ltd. is offering $200.0 million aggregate principal amount of 6.75% Notes due 2029. The Notes mature on March 4, 2029 and pay interest semiannually on March 4 and September 4, beginning September 4, 2026. The offering price is 99.334% with underwriting discounts of 1.200% and estimated net proceeds of approximately $195.9 million.
The Notes are unsecured, rank pari passu with our unsecured unsubordinated indebtedness and are effectively subordinated to secured indebtedness and structurally subordinated to subsidiary liabilities. Delivery is expected in book-entry form through DTC on or about March 4, 2026. The prospectus supplement highlights risk factors, use of proceeds and repayment priorities for holders.
PennantPark Floating Rate Capital Ltd. has filed a preliminary prospectus supplement, dated February 25, 2026, for a proposed offering of unsecured notes.
The supplement describes the Notes as unsecured, pari passu with existing unsecured debt, and structurally subordinated to subsidiary secured indebtedness. As of December 31, 2025, consolidated indebtedness was approximately $1.6 billion, of which $1.4 billion was secured. Recent post-quarter activity includes portfolio transfers of approximately $47.5 million to PSSL and $133 million to PSSL II, a portfolio of about $2.53 billion, and a reported debt-to-equity ratio of 1.5x.
PennantPark Floating Rate Capital Ltd. director Jose A. Briones reported an open-market purchase of common stock. He bought 5,895 shares at $8.48 per share, increasing his directly held stake to 342,313 shares. A separate line reflects 8,001 shares held indirectly through his spouse.
PennantPark Floating Rate Capital Ltd. (PFLT) provides detailed disclosure of its investments in non-controlled, non-affiliated portfolio companies. The excerpt lists numerous positions primarily in first lien secured debt, along with selected preferred equity, common equity, and warrant holdings.
The companies span many industries, including healthcare providers and services, aerospace and defense, media, professional services, consumer products, distributors, and leisure products. Individual loans show stated current coupons such as 8.50% for BLC Holding Company, Inc., 9.81% for Wash & Wax Systems, LLC, and 12.00% for Wash & Wax Systems LLC subordinate debt, often quoted as spreads over SOFR.
Many positions are structured as unfunded or funded revolvers and term loans with acquisition dates concentrated between 2019 and 2025 and maturities generally ranging from 2025 into the early 2030s, illustrating PFLT’s focus on floating-rate, secured lending across a diversified middle-market portfolio.
PennantPark Floating Rate Capital Ltd. reported first‑quarter results for the period ended December 31, 2025. The company generated net investment income of $26.6 million, or $0.27 per share, down from $0.37 per share a year earlier as higher interest expense and one‑time credit facility amendment costs weighed on earnings.
The investment portfolio totaled $2.61 billion, primarily in first lien secured loans, with a debt‑to‑equity ratio of 1.57x and a weighted average yield on debt investments of 9.9%. Net asset value per share fell 3.1% during the quarter to $10.49, driven by $32.3 million of net unrealized depreciation and modest realized gains.
PennantPark continued to build its joint ventures: PSSL’s portfolio reached $1.20 billion, while the newer PSSL II invested about $196.5 million and held $193.2 million at quarter‑end. Liquidity remained solid with $279.1 million of unused credit facility capacity and $95.3 million in cash and equivalents, and the annualized weighted average cost of debt declined to 6.2%. The company declared quarterly distributions of $0.3075 per share and subsequently upsized PSSL II’s credit facility to $250 million, with post‑quarter portfolio investments of approximately $2.54 billion and leverage of 1.5x.