PennantPark Floating Rate (PFLT) Capital has agreed to expand its investment in PennantPark Senior Secured Loan Fund I. This transaction further strengthens this strategic partnership, which was put into place over seven years ago, and has generated strong returns to date. PFLT and its JV partner jointly agreed to invest an additional $100M of capital in PSSL. In conjunction with increased leverage capacity at PSSL, the $100M investment will expand the JV’s total investment capacity to $1.5B, representing a nearly $500M increase.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFLT:
- PennantPark Declares December 2024 Distribution
- PennantPark’s Financial Performance and Investment Strategy
- Options Volatility and Implied Earnings Moves Today, November 25, 2024
- Options Volatility and Implied Earnings Moves This Week, November 25 – November 29, 2024
- Pennantpark Floating Rate Capit (PFLT) Q4 Earnings Cheat Sheet