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The important differences between sponsor-backed and non-sponsor-backed loans.
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Demystifying the fees and terms used by Business Development Companies (BDCs).
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Private credit, specifically direct lending, is gaining popularity in investor portfolios. With all of this talk about private credit strategies, how about a little refresher?
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An explanation behind the rise in popularity of this all-weather asset class.
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MIAMI , March 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for March 2024 of $0.1025 per share, payable on April 1, 2024 to stockholders of record as of March 18, 2024 .
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MIAMI , March 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for March 2024 of $0.07 per share, payable on April 1, 2024 to stockholders of record as of March 18, 2024 . The distribution is expected to be paid from
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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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