文章核心观点 - 公司宣布其全资子公司PennantPark CLO I, Ltd完成了一笔351百万美元的债务证券化交易,包括对现有CLO的再融资和扩大规模 [1][2][3] - 这次交易使公司能够优化融资成本,提高投资回报,为投资者创造持续价值 [3] - 公司目前管理约28亿美元的中型企业CLO资产,未来将继续增长 [3] 公司信息 - 公司主要投资于美国中型私营企业的浮动利率优先担保贷款,包括一级担保债务、二级担保债务和次级债务 [6] - 公司由PennantPark Investment Advisers, LLC管理,该公司是一家领先的中型市场信贷平台,管理约77亿美元的可投资资本 [7] 交易结构 - 本次交易发行的债务包括A-1-R、A-2-R、B-R、B-R、C-R、D-R和次级票据等7个级别,总规模为351百万美元 [2] - 其中A-1-R和A-2-R级别获得AAA评级,B-R和B-R级别获得AA评级,C-R级别获得A评级,D-R级别获得BBB-评级 [2] - 公司将继续持有D-R级别和次级票据 [4] - 本次交易的到期日延长至2036年7月 [4] - 本次交易由GreensLedge Capital Markets LLC担任结构师和牵头安排人,NatWest Markets Securities Inc.担任联合配售代理 [4]

J Studios Overview When I originally covered PennantPark Floating Rate Capital (NYSE:PFLT), back in April, a lot of my prior analysis was centered around the fact that I liked PFLT a lot more compared to its brother fund PennantPark Investment Corp (PNNT). I wanted to circle back and dedicate an article that is more focused on PFLT individually, as I believe this business development company may see increased valuations over the next months as I anticipate interest rate cuts to happen. PFLT operates as a bu ...

Over the long run, Wall Street has been nothing short of a wealth-building machine. Although the stock market has its ups and downs, equities have handily outperformed other asset classes over the last century, including Treasury bonds, housing, oil, and gold. Dividend stocks are Wall Street's unsung hero The report found that dividend stocks more than doubled the average annual return of non-payers (9.17% vs. 4.27%). Moreover, this outperformance was achieved with dividend stocks being 6% less volatile tha ...

"We are appreciative of the support from all of our existing lending partners and pleased to have expanded our relationships. Their support highlights the confidence they have in our excellent long term track record," said Arthur Penn, Chairman and Chief Executive Officer of PFLT. "This increased facility will expand our ability to serve middle-market sponsor and borrower clients by providing them with more comprehensive senior secured solutions. This enhanced credit facility positions us well to capture th ...

MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that as result of expanded lender partner relationships, it has upsized its credit facility, led by Truist Bank (the "Credit Facility") to $611 million from $436 million. Pricing on this facility remained unchanged at SOFR plus 236 basis points. "We are appreciative of the support from all of our existing lending partners and pleased to have expanded our relationships. Their support highlig ...

MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for June 2024 of $0.1025 per share, payable on July 1, 2024 to stockholders of record as of June 14, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed wit ...

财务数据和关键指标变化 - 公司GAAP和核心净投资收益为每股0.31美元 [11] - 公司GAAP和调整后净资产价值增加1.8%至每股11.40美元 [11] - 公司投资组合规模增长16%至15亿美元 [12] - 公司新增和现有投资组合公司的加权平均收益率为11.6% [12] 各条业务线数据和关键指标变化 - 公司在新投资组合公司的加权平均债务/EBITDA为4.2倍,加权平均利息覆盖率为2.1倍,加权平均贷款价值比为42% [13] - 公司在核心中型市场的首次留置权息差较过去6个月收紧50个基点 [14] 各个市场数据和关键指标变化 - 公司认为核心中型市场的当前投资组合质量优秀,杠杆较低,息差和前期OID较高,契约条款较为严格 [15] - 公司认为与上中型市场相比,核心中型市场的贷款违约率较低,回收率较高 [31] 公司战略和发展方向及行业竞争 - 公司将继续专注于资本保全,保持谨慎的投资者 [35] - 公司的目标是提供稳定的股息收益和资本保全 [36] - 公司专注于为增长中的中型企业提供战略性资本 [33] - 公司认为核心中型市场的投资机会更有吸引力,与上中型市场相比竞争较少 [27][28] 管理层对经营环境和未来前景的评论 - 公司预计下半年将是活跃的投资时期,有望接近1.5倍的目标杠杆比率 [49] - 公司认为息差可能会再次扩大,但不会对此进行预测 [53][62][63] - 公司对中期信用质量保持乐观,不会对宏观经济做出预测 [70] 问答环节重要的提问和回答 问题1 **Brian McKenna 提问** 询问公司投资组合的增长情况及对未来净投资收益的影响 [48] **Arthur Penn 回答** 预计下半年将是活跃的投资时期,有望接近1.5倍的目标杠杆比率,从而提升净投资收益 [49][50][57] 问题2 **Mark Hughes 提问** 询问公司对息差可能扩大的看法 [62] **Arthur Penn 回答** 公司认为息差可能会再次扩大,主要由于预期下半年交易活跃,但不会对此进行预测 [63][64][65] 问题3 **Vilas Abraham 提问** 询问公司债务成本的变化情况 [74] **Arthur Penn 回答** 公司的资产负债管理策略包括使用资产支持证券融资,利用息差收缩获得收益 [76][77][78][79]

r es UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One)r ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00891 PENNANTPARK FLOATING RATE CAPITAL LTD. (Exact name of registrant as specified in its charter) MARYLAND 27-3794690 ( ...

EXHIBIT 99.1 PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2024 MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the second quarter ended March 31, 2024. HIGHLIGHTS Quarter ended March 31, 2024 (Unaudited) ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio $ 1,477.9 Net assets $ 720.7 GAAP net asset value per share $ 11.40 Quarterly inc ...

PennantPark Floating Rate Capital (NYSE:PFLT) Q1 2024 Earnings Conference Call February 8, 2024 9:00 AM ET Company Participants Arthur Penn - Founder, Chairman & Chief Executive Officer Richard Allorto - Chief Financial Officer Conference Call Participants Brian McKenna - JMP Paul Johnson - KBW Mickey Schleien - Ladenburg Mark Hughes - Truist Securities Vilas Abraham - UBS Operator Good morning and welcome to the PennantPark Floating Rate Capital's First Fiscal Quarter 2024 Earnings Conference Call. Today's ...