earnings
confidence high
sentiment positive
materiality 0.75
PFLT Q1 NII $0.37/share; NAV rises to $11.34; portfolio expands to $2.19B
PennantPark Floating Rate Capital Ltd.
- Net investment income $30.0M ($0.37/share); core NII $0.33/share; distributions $0.3075/share.
- NAV per share $11.34, up 0.3% from $11.31; net assets $962.7M.
- Portfolio $2.19B; weighted average yield on debt 10.6%; 159 companies.
- PSSL JV upsized by $100M equity, total capacity to $1.5B; credit facility increased to $736M.
- New $361M securitization priced at 1.59% spread; 12-year final maturity, closing by early March.