PennantPark Floating Rate Capital Ltd. logo

PennantPark Floating Rate Capital Ltd.

PFLT | NYSE
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$7.09
+$0.08 (+1.14%)
At close: Sep 21, 2026, 4:00 PM ET
$7.08
$0 (-0.07%)
After-hours: Sep 21, 2026, 7:40 PM ET

Company Profile

PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.

Key Executives

Name Position
Arthur Howard Penn Founder, Chairman & Chief Executive Officer
Richard Thomas Allorto Jr. Chief Financial Officer & Treasurer
Adam Katz MD & General Counsel
Ajay Mudambi Vice President & Operations Manager
Brian Kendall Senior Vice President
Gerald Richard Cummins Chief Compliance Officer
Jose A. Briones Jr. Senior Partner & Director
Salvatore Giannetti Partner
Sarah de la Villa Director of Human Resources
Whitridge Williams Jr. Partner

Latest SEC Filings

Date Type Title
Sep 02, 2026 8-K Current Report
Aug 10, 2026 10-Q Quarterly Report
Aug 10, 2026 8-K Current Report
Aug 04, 2026 8-K Current Report
Jul 06, 2026 8-K Current Report
Jul 02, 2026 8-K Current Report
Jun 11, 2026 40-17G Filing
Jun 02, 2026 8-K Current Report
Jun 02, 2026 CERT Filing
Jun 01, 2026 8-A12B Filing
View All SEC Filings
PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. logo
Country United States
IPO Date Apr 7, 2011
Industry Asset Management
Sector Financial Services
Employees 0
CEO Arthur Howard Penn

Contact Details

1691 Michigan Avenue Miami Beach, Florida 33139 United States

Stock Details

Ticker Symbol PFLT
Exchange NYSE
Fiscal Year October - September
Reporting Currency USD
CIK Code 0001504619
CUSIP Number 70806A106
ISIN Number US70806A1060
SIC Code

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