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Pennantpark $ ( (PFLT) ) has provided an announcement.
PennantPark Floating Rate Capital Ltd. announced an increase in its credit facility with Truist Bank, expanding it from $636 million to $736 million. This enhancement is expected to bolster the company’s ability to serve middle-market clients by offering comprehensive senior secured solutions, thereby strengthening its positioning in the core middle market with attractive risk-adjusted returns.
More about Pennantpark $
PennantPark Floating Rate Capital Ltd. is a business development company focusing on investments in U.S. middle-market private companies through floating rate senior secured loans, including first lien, second lien, and subordinated debt. Managed by PennantPark Investment Advisers, LLC, it offers creative and flexible financing solutions to middle-market borrowers and private equity firms, managing approximately $8.9 billion of investible capital since 2007.
YTD Price Performance: 0.0%
Average Trading Volume: 820,080
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $903.9M
Learn more about PFLT stock on TipRanks’ Stock Analysis page.