PennantPark Floating Rate Capital Ltd.’s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I, LLC Completes $297.8 Million CLO, Marking Continued Growth in PennantPark’s Middle Market CLO Platform with Six CLOs Under Management PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE: PFLT) today announced that PennantPark Senior Secured Loan Fund I, LLC (“PSSL”) through PSSL’s wholly-owned and consolidated subsidiary, PennantPark CLO VI, LLC (“CLO VI”) has closed a four-year reinvestment period, twelve-year final...Continue Reading

PennantPark (PNNT) Founder On The NYSE Listing TD Ameritrade Art Penn, Founder and Managing Partner of PennantPark, spoke with Nicole Petallides of TD Ameritrade Network following the company’s listing on the New York Stock Exchange, where he discussed the on the value of lenders like PennantPark amid the current environment of rising rates, inflation and geopolitical tensions.Continue Reading

PennantPark banks strong Q4 with BDCs By Susan Barreto – Alternatives Watch Susan Barreto of Alternatives Watch recently highlighted PennantPark’s Q1 earnings, noting that the firm enjoyed a strong quarter across our portfolio, including the increase in net asset value across both PNNT and PFLT. Our excellent performance during the GFC a decade ago and now through COVID has differentiated us among direct lenders.   Read the Full ArticleContinue Reading

PennantPark Senior Secured Loan Fund, LLC Completes $300.7 Million CLO In January 2021, PennantPark Floating Rate Capital officially announced that its joint venture, PennantPark Senior Secured Loan Fund, LLC (PSSL), completed a $300.7 million CLO. The transaction allows PSSL to grow with low cost, long-term financing, and its successful execution is a testament to the resiliency of the firm’s portfolio. “Having a three-year reinvestment period, an 11-year final maturity, and attractive pricing will enhance returns...Continue Reading