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Perception Versus Reality: Despite the claim that bigger companies are safer investments than smaller ones, the data tells us otherwise.
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Nineties hip-hop artist, Notorious B.I.G., may as well have written “Mo Money, Mo Problems” about credit mega-fund capital deployment.
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Approximately 90% of loans underwritten today are considered “covenant-lite”1. Covenant-lite deals expose the lender to increased risks as the lender has limited protections in place to ensure that their loan repayment is fulfilled and prioritized. This is particularly problematic in a rising or high-rate environment.
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MIAMI , Feb. 22, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “ Company ”) (NYSE: PFLT) today announced that it completed a $350.55 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized
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MIAMI , Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the first quarter ended December 31, 2023 . HIGHLIGHTS Quarter ended December 31, 2023 (Unaudited) ($ in millions, except per share amounts) Assets
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MIAMI , Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the first quarter ended December 31, 2023 . HIGHLIGHTS         Quarter ended December 31, 2023 (unaudited) ($ in millions, except per share amounts)
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MIAMI , Feb. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for February 2024 of $0.1025 per share, payable on March 1, 2024 to stockholders of record as of February 15, 2024 .
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MIAMI , Feb. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for February 2024 of $0.07 per share, payable on March 1, 2024 to stockholders of record as of February 15, 2024 .
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James Stone speaks with Trinity Chavez about the middle market buyout process and the role of private credit managers like PennantPark. James also explains the value of building long-term relationships with private equity sponsors, along with the rigorous due diligence process that takes place before an investment is made.
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MIAMI , Jan. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2023 on Wednesday, February 7, 2024 after the close of the financial markets.
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