PennantPark Floating Rate Capital Ltd. (PFLT)
NYSE: PFLT · Real-Time Price · USD
10.40
-0.07 (-0.67%)
At close: Aug 1, 2025, 4:00 PM
10.41
+0.01 (0.10%)
After-hours: Aug 1, 2025, 7:47 PM EDT

Company Description

PennantPark Floating Rate Capital Ltd. is a business development company.

It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies.

It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million.

The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.

It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt.

It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system.

The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act.

Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds.

It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.

PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital logo
CountryUnited States
Founded2010
IndustryAsset Management
SectorFinancials
CEOArthur Penn

Contact Details

Address:
1691 Michigan Avenue, Suite 500
Miami Beach, Florida 33139
United States
Phone212-905-1000
Websitepflt.pennantpark.com

Stock Details

Ticker SymbolPFLT
ExchangeNYSE
Stock TypeCommon Stock
Fiscal YearOctober - September
Reporting CurrencyUSD
CIK Code0001504619
CUSIP Number70806A106
ISIN NumberUS70806A1060
Employer ID27-3794690

Key Executives

NamePosition
Boaz MagidMD, Head of Europe and Chief Executive Officer of PennantPark Europe, B.V.
Arthur Howard PennFounder, Chairman and Chief Executive Officer
Richard Thomas Allorto Jr., C.P.A.Chief Financial Officer and Treasurer
Jose A. Briones Jr.Senior Partner and Director
Adam KatzMD and General Counsel
Gerald Richard CumminsChief Compliance Officer
Sarah de la VillaDirector of Human Resources
Salvatore Giannetti IIIPartner
P. Whitridge Williams Jr., J.D.Partner
Brian KendallSenior Vice President

Latest SEC Filings

DateTypeTitle
Jul 3, 20258-KCurrent Report
Jul 2, 20258-KCurrent Report
Jun 3, 20258-KCurrent Report
May 12, 202510-QQuarterly Report
May 12, 20258-KCurrent Report
May 2, 20258-KCurrent Report
Apr 22, 20258-KCurrent Report
Apr 17, 20258-KCurrent Report
Apr 3, 20258-KCurrent Report
Apr 2, 20258-KCurrent Report