PennantPark Floating Rate Capital (PFLT) Company Report

PennantPark Floating Rate Capital Ltd. (the "Company") and PennantPark Senior Secured Loan Fund II LLC acted as Guarantors for a new credit facility.
PSLF II SPV, LLC, a wholly-owned subsidiary of PennantPark Senior Secured Loan Fund II LLC, secured a credit facility of up to $150 million from lenders, including Goldman Sachs Bank USA.
The Company entered into a Non-Recourse Carveout Guaranty Agreement with Goldman Sachs Bank USA, guaranteeing specific obligations related to the credit facility.
The Guaranty covers obligations arising from events such as willful misconduct, fraud, misappropriation of funds, and certain bankruptcy or insolvency events by specified entities, with the guaranteed amount up to the $150 million facility size.

Nov 26, 2025, 10:07 PM

PennantPark Floating Rate Capital Reports Q4 2025 Results, Announces Portfolio Acquisition and New Joint Venture

PFLT

Earnings

New Projects/Investments

Debt Issuance

PennantPark Floating Rate Capital (PFLT) reported core net investment income of $0.28 per share for the fourth fiscal quarter ended September 30th, 2025.
The company completed a $250 million portfolio acquisition, projected to increase net investment income by $0.01-$0.02 per share quarterly, and formed a new joint venture, PSSL2, with an initial targeted portfolio of $500 million. PSSL2 began investing in November 2025 and closed a $150 million revolving credit facility.
As of September 30th, 2025, PFLT's portfolio grew to $2.8 billion, with a net asset value (NAV) of $10.83 per share. The debt to equity ratio was 1.6 times, subsequently reduced to 1.4 times post-quarter end, which is within the target range of 1.4-1.6 times.
Credit quality remains strong, with three investments on non-accrual status representing 0.4% of the portfolio at cost and 0.2% at market value. The portfolio is comprised of 90% first lien senior secured debt.

Nov 25, 2025, 2:00 PM

PennantPark Floating Rate Capital Reports Q4 2025 Earnings and Strategic Initiatives

PFLT

Earnings

New Projects/Investments

M&A

PennantPark Floating Rate Capital (PFLT) reported core net investment income of $0.28 per share for the fourth fiscal quarter ended September 30, 2025, with Net Asset Value (NAV) at $10.83 per share as of the same date, representing a 1.2% decrease from the prior quarter.
The company acquired a $250 million portfolio and established a new joint venture, PSSL2, with an initial targeted portfolio of $500 million, aiming to enhance earnings power and scale, with run rate NII projected to approximate the current dividend as PSSL2 ramps.
PFLT's portfolio grew to $2.8 billion from $2.4 billion in the prior quarter, with 90% comprised of first lien senior secured debt, and the debt to equity ratio was 1.6 times as of September 30, 2025, subsequently reduced to 1.4 times post-quarter end.

Nov 25, 2025, 2:00 PM

PennantPark Floating Rate Capital Reports Q4 2025 Earnings, Announces Portfolio Acquisition and New Joint Venture

PFLT

Earnings

New Projects/Investments

Dividends

PennantPark Floating Rate Capital (PFLT) reported core net investment income of $0.28 per share for the fourth fiscal quarter ended September 30th.
The company completed a $250 million portfolio acquisition and formed a new joint venture (PSSL2) with Hamilton Lane, targeting an initial portfolio of $500 million. These initiatives are projected to increase net investment income (NII) by $0.01-$0.02 per share quarterly from the acquisition, and the run rate NII is projected to approximate the current dividend as PSSL2 ramps.
PFLT's portfolio grew to $2.8 billion as of September 30th, up from $2.4 billion in the prior quarter, with $633 million invested in 11 new and 105 existing companies at a weighted average yield of 10.5% during the quarter.
Credit quality remains strong, with non-accruals representing only 0.4% of the portfolio at cost and 0.2% at market value as of September 30th. The debt to equity ratio was 1.6 times at quarter-end, subsequently reduced to 1.4 times.