Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 590 Madison Avenue, 15tH FLOOR NEW YORK NY 10022 |
Tel: | N/A |
Website: | https://www.pennantpark.com/funds/pflt |
IR: | See website |
Key People | ||
N/A |
Business Overview |
PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. The investment objectives of the Company are to generate both current income and capital appreciation while seeking to preserve capital. It seeks to achieve its investment objective by investing primarily in floating rate loans, and other investments made to United States middle-market private companies whose debt is rated below investment grade. The Company generally expect to invest up to 35% of its overall portfolio opportunistically in other types of investments, including second lien secured debt, subordinated debt, and, to a lesser extent, equity investments. The Company's debt investments may generally range in maturity from three to ten years and are made to United States and, to a limited extent, non-United States corporations, partnerships and other business entities which operate in various industries and geographical regions. |
Financial Overview |
For the three months ended 31 December 2023, Pennantpark Floating Rate Capital Ltd revenues increased 21% to $38M. Net income totaled $22.5M vs. loss of $1.6M. Revenues reflect Interest increase of 15% to $23.8M, Other income increase from $142K to $1.8M, Interest- affiliated investments increase of 22% to $8.4M. Net Income reflects Non-controlled, non-affiliated investmen increase from $12.7M (expense) to $5.2M (income). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,299M as of Dec 31, 2023 |
Annual revenue (TTM): | $145.97M as of Dec 31, 2023 |
EBITDA (TTM): | $73.66M as of Dec 31, 2023 |
Net annual income (TTM): | $63.35M as of Dec 31, 2023 |
Free cash flow (TTM): | -$113.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $595.26M as of Dec 31, 2023 |
Shares outstanding: | 61,627,881 as of Feb 7, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |