PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT)
is an externally managed investment company that has elected
to be treated as a business development company under the
Investment Company Act of 1940.
PFLT provides primarily first lien secured debt and other opportunistic financings (senior notes, second lien, mezzanine, private high yield debt, and preferred and common stock) to middle market sponsors and companies. PFLT has invested approximately $1.4 billion since its IPO in April 2011.