Equities

PennantPark Floating Rate Capital Ltd

PennantPark Floating Rate Capital Ltd

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  • Price (EUR)10.95
  • Today's Change0.00 / 0.00%
  • Shares traded0.00
  • 1 Year change-5.77%
  • Beta--
Data delayed at least 15 minutes, as of Dec 07 2022 07:00 GMT.
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About the company

PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. The Company is a business development company, whose objectives are to generate both current income and capital appreciation while seeking to preserve capital by investing primarily in floating rate loans, and other investments made to the United States (U.S) middle-market companies. Interest on floating rate loans is determined periodically, on the basis of a floating base lending rate, such as LIBOR, with or without a floor, plus a fixed spread. Under normal market conditions, the Company generally expect that at least 80% of the value of its managed assets will be invested in floating rate loans and other investments. The Company’s debt investments may generally range in maturity from three to ten years and are made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities which operate in various industries and geographical regions.

  • Revenue in USD (TTM)105.49m
  • Net income in USD3.46m
  • Incorporated2010
  • Employees--
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An LSEG Business
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