secwatch.observer — SEC 8-K summary
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Issuer:     PennantPark Floating Rate Capital Ltd. (PFLT)
CIK:        0001504619
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001171843-25-003083
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennantPark Floating Rate Capital Q2 NII $0.28/sh, NAV down 2.4% to $11.07
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- Net investment income $25.0M ($0.28/sh) vs $19.1M ($0.31/sh) year ago; core NII $0.28/sh.
- Distributions declared $0.3075/sh; portfolio grew to $2.34B with yield 10.5% (down from 11.5%).
- Non-accrual companies increased to four (2.2% cost, 1.2% fair value) from two (0.4%/0.2%).
- In April 2025, amended credit facility: pricing SOFR+200bps, extended to Aug 2030, advance rate 72.5%.
- PSSL closed $301M CLO in April 2025; weighted average cost of debt unchanged at 6.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504619/000117184325003083/0001171843-25-003083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504619/000117184325003083/f8k_051225.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-003083

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