October 6, 2021
NEW YORK , Oct. 06, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) (“PFLT”) announced that it has priced an underwritten public offering of an additional $85 .0 million in aggregate principal amount of its 4.25% unsecured notes due 2026 (the “Notes”).
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“Where we’re seeing the best risk-adjusted return in the marketplace today, is not only below $50 million EBITDA, but below $20 million EBITDA. And that’s where we’ve had our most recent successes, lending money to companies that we believe are safe loans and where we can co-invest in the equity.” PennantPark Founder and Managing Partner Art Penn, shared his insights on global debt, the shape of the company’s portfolio through the pandemic, and the current...
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