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NEW YORK , May 11, 2020 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the second fiscal quarter ended March 31, 2020 . HIGHLIGHTS Quarter ended March 31, 2020 ($ in millions, except per share amounts)   Assets andContinue Reading

NEW YORK , May 04, 2020 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for May 2020 of $0.095 per share, payable on June 1, 2020 to stockholders of record as of May 18, 2020 .Continue Reading

Now Is the Time to Invest in These Debt Funds By Julie Segal – Institutional Investor PennantPark was featured in Julie Segal’s Institutional Investor piece, which analyzed a collection of opportunities in middle market lending funds and private equity. Though the recent market disruption has limited investment activity, Segal points to PennantPark’s research which highlights that money invested during crises is dedicated to deals that use less leverage and provide investors the opportunity to capitalize...Continue Reading

Coronavirus: Private Equity’s Bailout Moment By Kaye Wiggins, Mark Vandevelde, and Robin Wigglesworth – Financial Times PennantPark Founder and Managing Partner Art Penn was featured in Kaye Wiggins, Mark Vandevelde, and Robin Wigglesworth’s Financial Times piece on private equity and the government’s current stimulus package. “This is the time for a bazooka,” Art said in reference to the Federal Reserve’s actions to revive the corporate debt market. “If you had the time and energy the...Continue Reading

Direct Lenders Remain Open to Fund Deals By Anastasia Donde – Mergermarket PennantPark Founder and Managing Partner Art Penn spoke with Anastasia Donde of Mergermarket in April for a piece on direct lenders’ evaluation of fund deals in the current market environment. Art noted that although M&A activity is currently quiet, he anticipates more opportunity, particularly in defense and government service-related businesses going forward. “We’ve become more interested in defense-related and government services businesses, they...Continue Reading

Recovery Begins, But Is It U, V Or Even W? By Oliver Newton – Creditflux PennantPark Founder and Managing Partner Art Penn participated in Creditflux’s report on the outlook for the credit market in 2020, providing his expertise on direct lending in the United States specifically. Art noted that due to the shift toward lender friendly terms, there have been higher yields, lower leverage, better structures, and potential equity coinvestments. He also noted the challenges...Continue Reading

Credit Funds Look To Take Advantage Of Great Dislocation By David Graubard – International Financing Review PennantPark Founder and Managing Partner Art Penn was featured in David Graubard’s International Financing Review piece on credit funds’ strategy during the current market disruption. Art provided insight into how PennantPark has adapted to the current market. “We are looking at potential bargains in the broadly syndicated loan space non-impacted by Covid-19,” he said.   Read the Full ArticleContinue Reading

NEW YORK , April 09, 2020 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT) announced that it will report results for the second fiscal quarter ended March 31, 2020 on Monday, May 11, 2020 after the close of the financial markets.Continue Reading

NEW YORK , April 09, 2020 (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, 2020 on Monday, May 11, 2020 after the close of the financial markets.Continue Reading

PennantPark Sees Lower Leverage, More Covenants in Private Debt By Kelsey Butler – Bloomberg Bloomberg’s Kelsey Butler talked to Managing Partner Art Penn for an article covering PennantPark’s outlook on middle market lending, highlighting that the firm expects “lower leverage levels and juicier yields in private credit once the market gets back up and running.” Though the private credit sector is facing a market disruption due to the coronavirus outbreak, Art provided valuable perspective from...Continue Reading