PFLT reports preliminary NAV $11.25-$11.33, NII $0.29-$0.31; launches 4.25M share offering

PennantPark Floating Rate Capital Ltd.

GAAP NAV per share est. $11.25-$11.33 (down from $11.62); adjusted NAV $11.17-$11.25 (down from $11.59).
Net investment income est. $0.29-$0.31 per share, flat vs prior quarter; 3 loans on non-accrual.
Offering of 4,250,000 shares (plus 637,500 option) to reduce debt and invest in portfolio companies.
Cash and cash equivalents of $52.9M as of Dec 31, 2022; total borrowings across facilities ~$688.9M.
Proceeds targeted to pay down credit facility and for new or existing portfolio investments.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PennantPark Floating Rate Capital Ltd. reported the quarter ended December 31, 2022 results: net income between $0.29 and $0.31 per share.

Period: the quarter ended December 31, 2022
Net income: between $0.29 and $0.31 per share
Result: preliminary results

Exact text from the filing

• Net investment income is estimated to be between $0.29 and $0.31 per share for the quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0001193125-23-013164

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