PennantPark Floating Rate Capital Ltd, founded in 2010 and based in New York, aims to provide investors with targeted exposure to floating rate senior secured loans. The company primarily focuses on managing investments in senior secured loans made to U.S. middle-market companies, primarily through its closed-end management investment company structure.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PFLT 4.25% 2026-04-01 USDPennantPark Floating Rate Capital Ltd | United States | 2026-04-01 | 4.250 | 5.84 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, PennantPark has issued a range of debt securities, including senior notes and unsecured bonds. Notably, it commenced issuing bonds in 2011, quickly establishing a reputation for competitive yields amidst a fluctuating market. The company has seen significant bond offerings, such as its $100 million unsecured notes issued in 2020, which provided investors with transparency and liquidity. Currently, its bond yields are attractive when compared to industry averages, reflecting its solid portfolio management and strategic positioning within the floating rate market.