News

Private Credit Lets Pet Sector Out of Doghouse During Pandemic  Sasha Padbidri – Refinitv PennantPark Founder and Managing Partner Art Penn spoke with Sasha Padbidri of Refintiv for her article on the growth of direct lending to pet-focused companies throughout the pandemic.  The industry benefited throughout Covid-19, but Art highlighted that it’s important to consider how the sector will be impacted as we return to normal circumstances. “We still don’t know how the sector will...Continue Reading

NEW YORK , May 05, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the second fiscal quarter ended March 31, 2021 .   HIGHLIGHTS Quarter ended March 31, 2021 ($ in millions, except per share amounts)   Assets andContinue Reading

NEW YORK , May 05, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the second fiscal quarter ended March 31, 2021 .     HIGHLIGHTS Quarter ended March 31, 2021 ($ in millions, except per share amounts) Assets and Liabilities:    Continue Reading

NEW YORK , May 04, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for May 2021 of $0.095 per share, payable on June 1, 2021 to stockholders of record as of May 17, 2021 .Continue Reading

Direct Lending Booms in Europe with Big Funds, Growth Outlook By Tom Stabile – FundFire PennantPark Founder and Managing Partner Art Penn spoke with Tom Stabile of FundFire for his piece on the growth of direct lending in Europe. Art noted that, while opportunities exist, the longstanding relationships between European banks and middle market companies has resulted in stronger competition and a slower adoption of direct lending allocations. “From the investor standpoint, it’s earlier days...Continue Reading

“We, as an industry, we’re able to come to the table quickly to really help solve the problem and also protect the interest of our investors.” PennantPark Founder and Managing Partner Art Penn recently discussed how middle market credit weathered the Covid-19 downturn on the Private Debt After the Pandemic Webinar. Art highlighted the similarities and differences managing through Covid-19 and the Global Financial Crisis, focusing specifically on the crucial role that equity support played...Continue Reading

PennantPark Founder and Managing Partner Art Penn discuss the historical leverage levels and vintages following the Global Financial Crisis through the Covid-19 disruption, highlighting how capital preservation protected PennantPark leading up to the 2020 market downturn.   Watch the full webinar hereContinue Reading

NEW YORK , April 14, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the “Company”) (NASDAQ: PNNT) announced that it has priced an underwritten public offering of $150 million in aggregate principal amount of its 4.50% unsecured notes due 2026 (the “Notes”).Continue Reading

NEW YORK , April 08, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2021 on Wednesday, May 5, 2021 after the close of the financial markets.Continue Reading