PennantPark Floating Rate Capital Q3 NII $0.25/sh; NAV $10.96; forms JV with Hamilton Lane

PennantPark Floating Rate Capital Ltd.

Q3 NII $24.6M ($0.25/sh); Core NII $0.27/sh; distributions declared $0.3075/sh, exceeding NII per share.
NAV per share $10.96, down from $11.31 at Sept 30, 2024; weighted average yield on debt 10.4% vs 11.5%.
Credit facility amended: pricing to SOFR+200 bps, maturity extended to Aug 2030, advance rate to 72.5%.
New JV PSSL II with Hamilton Lane: PFLT commits $150M, HL $50M; targeting $500M portfolio; launch late Sept 2025.
Issued 2.8M shares via ATM in Q3 at avg $11.31, raising $31.6M net; 21.6M shares for 9 months raised $244.8M.

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