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Middle-Market Tech Expected to Stay Hot Amid Global Uncertainty, Advisors Say By Darcy Reddan – Reorg PennantPark Founder and Managing Partner Art Penn was recently featured in an article by Darcy Reddan of Reorg, which evaluated the increasing amount of middle market tech deal activity. Art commented on the growing number of investments in the cybersecurity and data platform space and highlighted the importance of investing in technologies that would not be impacted by potential...
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The U.S. Small and Medium-sized Lending Markets Are Rapidly Expanding: An interview with Art Penn, Founder of Pennant Park, an Investment Company Specializing in U.S. SME Financing By: Momoe Ban – Nikkei Newspaper: “World Plus” Edition Momoe Ban and Nikkei Asian Review conducted a Q&A with PennantPark Founder and Managing Partner Art Penn, delving into the expansion of investment opportunities and strategies for SME financing. Specifically, Art provided his perspective on Japanese institutional investors’ expansion...
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Direct Lenders Weigh Impact of Aggressive EBITDA Add-Backs By” David Brooke – Reuters PennantPark Founder and Managing Partner Art Penn was recently quoted in a Reuters article examining the growing prevalence of EBITDA add-backs and their impact on middle market lenders. “Some of the add-backs that are synergies are not as tangible and more of a hope that they will occur,” Art said. “They also won’t be immediate so it’s a lot harder for a...
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Loans for Small and Medium-Sized Companies Rapidly Expanding in the U.S.Seeking High Yield via a Fund Structure by Momoe Ban – Nikkei Newspaper December 5th, 2019 Last month, PennantPark Founder and Managing Partner Art Penn discussed the growth of the private debt market in an interview with the Nikkei Asian Review, noting that Small and Medium Enterprises (SMEs) are seeking new opportunities for private debt to raise funds. Click here to see the full article...
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NEW YORK , Dec. 03, 2019 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NASDAQ: PNNT) declares its first fiscal quarter 2020 distribution of $0.18 per share, payable on January 2, 2020 to stockholders of record as of December 19, 2019 .
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NEW YORK , Dec. 03, 2019 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for December 2019 of $0.095 per share, payable on January 2, 2020 to stockholders of record as of December 19, 2019 .
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Private Credit Squeezes Leveraged Loan Market: November Wrap By Kelsey Butler – Bloomberg PennantPark Founder and Managing Partner Art Penn notes in a recent Bloomberg article that the quality of borrowers coming to the core middle market has improved recently, which is partially being driven by M&A and buyout activity.   Click here to read full article
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NEW YORK , Nov. 21, 2019 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2019 . HIGHLIGHTS                                      Quarter ended September 30, 2019         ($ in millions,
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NEW YORK , Nov. 20, 2019 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2019. HIGHLIGHTS Quarter ended September 30, 2019 ($ in millions, except per share amounts)  
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PennantPark Founder and Managing Partner Art Penn attended the Private Debt Investor Seoul and Tokyo Forums last week and participated in multiple panels that evaluated how investors can find value in private credit and assessed the global factors impacting the private debt market. In both Tokyo and Seoul, Art provided an overview of the robust opportunities and strategies institutional investors can capitalize on to preserve capital and maximize performance throughout the current credit cycle and...
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