PennantPark Floating Rate Capital Ltd. is a business development company focusing on investments in middle market companies, primarily in the United States. It specializes in floating rate loans, senior secured loans, and mezzanine debt, targeting companies that are often not rated by national rating agencies. With investments typically ranging from $2 million to $50 million, PennantPark aims to support small to medium-sized businesses through direct debt and equity investments. The company also explores investments in non-U.S. companies and various securities, including preferred stocks and options, emphasizing flexibility and a strategic approach to growth financing.

PFLT Articles