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.
PPFLT provides primarily first lien, stretch senior and unitranche financings to middle market sponsors and companies. From its IPO in April 2011 to December 2017, PFLT has invested approximately $2.1 billion into nearly 350 transactions.