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The recent Chapter 11 bankruptcy filing by First Brands Group, the global supplier behind popular aftermarket brands like FRAM filters and Raybestos brakes, is a stark warning about the vulnerabilities hidden within the modern leveraged loan market. The company’s collapse, fueled by massive debt and complex, opaque financing, highlights the consequences of the aggressive lending standards prevalent in the upper middle market.Continue Reading

MIAMI , Oct. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2025 on Monday, November 24, 2025 after the close of the financial markets.Continue Reading

MIAMI , Oct. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2025 on Monday, November 24, 2025 after the close of the financial markets.Continue Reading

MIAMI , Oct. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for October 2025 of $0.1025 per share, payable on November 3, 2025 to stockholders of record as of October 15, 2025 .Continue Reading

MIAMI , Oct. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for October 2025 of $0.08 per share, payable on November 3, 2025 to stockholders of record as of October 15, 2025 .Continue Reading

Private credit remains attractive amid “Goldilocks” mix of elevated interest rates and resilient fundamentals Add-on acquisitions sustain private lending activity while public markets faced tariff-driven volatility Interest rate cuts likely coming soon; loan yields to remain historically attractive Capital concentration pressures mega funds to deploy capital at massive scale The core middle market advantage strengthens as competition intensifies in large-cap and syndicated marketsContinue Reading

MIAMI , Sept. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for September 2025 of $0.1025 per share, payable on October 1, 2025 to stockholders of record as of September 15, 2025 .Continue Reading

MIAMI , Sept. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT), as previously announced on July 14, 2025 , declared its monthly distribution for September 2025 of $0.08 per share, payable on September 30, 2025 to stockholders of record as of September 15,Continue Reading

MIAMI , Sept. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it has acquired a portfolio of approximately $250 million of assets, including from TSO Puma SPV, LLC , an affiliate of Towerbrook Capital Partners .Continue Reading

PIK is a financing mechanism that allows borrowers to pay interest with additional debt rather than cash. While this tool can temporarily relieve liquidity pressure, it does so by increasing future repayment obligations and repayment risk. Historically, PIK was primarily associated with distressed credit. Today, however, given elevated corporate leverage and the higher cost of debt in an elevated interest rate environment, many private credit managers are increasingly introducing PIK even into senior loan structures.Continue Reading