Highest-materiality recent filing
PennantPark Floating Rate Capital issues $100M of 7.375% Notes due 2031
Issued $100M aggregate principal of 7.375% Notes due 2031; underwriters have option for $15M additional.
PennantPark Floating Rate Capital Q2 NII $0.26/share; div cut to $0.08 base monthly
Q2 net investment income of $25.7M ($0.26 GAAP EPS); core NII $0.27 per share.
PennantPark Floating Rate Capital issues $200M of 6.75% Notes due 2029
Issued $200M aggregate principal of 6.75% Notes due 2029 via Raymond James-led underwriting.
PennantPark Floating Rate Capital Q1 NII $0.27/sh, NAV down 3.1% to $10.49
Net investment income $26.6M ($0.27/sh); distribution $0.3075/sh, NII coverage 87.7%.
PennantPark Floating Rate Capital Q4 NII $0.28/sh; NAV down to $10.83; forms new JV PSSL II
Q4 net investment income $27.5M ($0.28/sh GAAP and Core NII); distributions declared $0.31/sh.
PFLT acquires $250M loan portfolio; expects $0.02/share quarterly NII accretion
Acquired ~$250M portfolio of senior secured loans from TSO Puma SPV (Towerbrook affiliate) as unconsolidated LP winds down.
PFLT commits up to $150M; Hamilton Lane commits up to $50M to PennantPark Senior Secured Loan Fund II LLC.
PennantPark Floating Rate Capital Q3 NII $0.25/sh; NAV $10.96; forms JV with Hamilton Lane
Q3 NII $24.6M ($0.25/sh); Core NII $0.27/sh; distributions declared $0.3075/sh, exceeding NII per share.
PennantPark Floating Rate Capital Q2 NII $0.28/sh, NAV down 2.4% to $11.07
Net investment income $25.0M ($0.28/sh) vs $19.1M ($0.31/sh) year ago; core NII $0.28/sh.
PFLT cuts credit facility spread to SOFR+200bps, extends maturity to 2030
Pricing lowered from SOFR+225bps to SOFR+200bps; reinvestment period extended to Aug 2028, maturity to Aug 2030.
PennantPark Floating Rate Capital closes $474.6M CLO securitization
Issued $220.5M AAA Class A-1 Notes at SOFR+1.49%, $85.1M subordinated notes.
PFLT Q1 NII $0.37/share; NAV rises to $11.34; portfolio expands to $2.19B
Net investment income $30.0M ($0.37/share); core NII $0.33/share; distributions $0.3075/share.
PFLT reports preliminary NAV $11.33-$11.38, core NII $0.32-$0.34 per share
Preliminary NAV per share $11.33-$11.38, up from $11.31 at Sep 30, 2024.
PennantPark upsizes credit facility by $100M to $736M; pricing unchanged
Credit facility increased from $636M to $736M; led by Truist Bank.
PFLT Q4 core NII $0.32/sh; NAV $11.31; portfolio $1.98B, up 86% YoY
GAAP NII $0.24/sh ($18.0M) vs $0.32/sh year ago; Core NII $0.32/sh ($1.27 FY).
Effective April 15, 2025, the board of directors of the Company appointed Gerald Cummins to replace Mr. Galea as the Company’s Chief Compliance Officer.
Effective April 15, 2025, Frank Galea resigned as Chief Compliance Officer of PennantPark Floating Rate Capital Ltd. (the “Company”).
Max materiality 0.75 · Median 0.30 · Most common event dividend