PennantPark Files 8-K on Operations and Other Events

TL;DR

PFLT filed an 8-K, expect updates on ops & other stuff soon.

AI Summary

PennantPark Floating Rate Capital Ltd. (PFLT) filed an 8-K on July 12, 2024, reporting on its results of operations and other events. The filing does not contain specific financial figures or details about the 'other events' in the provided text.

Why It Matters

This filing indicates that PennantPark Floating Rate Capital Ltd. is providing updates on its financial performance and other significant corporate activities to the SEC.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report and does not contain immediate negative or positive financial news.

Key Players & Entities

• PennantPark Floating Rate Capital Ltd. (company) — Registrant
• July 12, 2024 (date) — Date of Report
• Maryland (jurisdiction) — State of incorporation
• 814-00891 (commission_file_number) — SEC File Number
• 27-3794690 (irs_number) — IRS Employer Identification Number

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share PFLT The New York Stock Exc
• $11.31 — ue per share is estimated to be between $11.31 and $11.36 per common share at June 30,
• $11.36 — e is estimated to be between $11.31 and $11.36 per common share at June 30, 2024. This
• $11.40 — o a net asset value per common share of $11.40 at March 31, 2024. - Net investment
• $0.30 — tment income is estimated to be between $0.30 and $0.32 per common share for the quar
• $0.32 — me is estimated to be between $0.30 and $0.32 per common share for the quarter ended
• $0.31 — is compares to net investment income of $0.31 per common share for the quarter ended
• $1.66 b — investment portfolio at fair value was $1.66 billion, compared to $1.48 billion as of
• $1.48 billion — ir value was $1.66 billion, compared to $1.48 billion as of March 31, 2024. - At June 30,
• $901.6 million — 30, 2024, the Company had approximately $901.6 million of total debt consisting of, $218.9 mil
• $218.9 million — .6 million of total debt consisting of, $218.9 million of borrowings outstanding under the Com
• $185.0 million — enders (the "Credit Facility") at cost, $185.0 million in aggregate principal amount of 4.25%
• $210.7 million — nt of 4.25% Notes due 2026 outstanding, $210.7 million in aggregate principal amount of asset-
• $287.0 million — sting of various notes due in 2031, and $287.0 million in aggregate principal amount of asset-
• $84.6 million — At June 30, 2024, we had approximately $84.6 million in cash and approximately $392.1 millio

Filing Documents

• f8k_071224.htm (8-K) — 30KB
• 0001171843-24-003926.txt ( ) — 199KB
• pflt-20240712.xsd (EX-101.SCH) — 3KB
• pflt-20240712_lab.xml (EX-101.LAB) — 33KB
• pflt-20240712_pre.xml (EX-101.PRE) — 22KB
• f8k_071224_htm.xml (XML) — 3KB

02 Results of Operations and

Item 2.02 Results of Operations and Financial Condition Preliminary Estimates of Results as of June 30, 2024 On July 12, 2024, PennantPark Floating Rate Capital Ltd. (the "Company") announced certain preliminary estimates of its financial results for the quarter ended June 30, 2024. - Net asset value per share is estimated to be between $11.31 and $11.36 per common share at June 30, 2024. This compares to a net asset value per common share of $11.40 at March 31, 2024. - Net investment income is estimated to be between $0.30 and $0.32 per common share for the quarter ended June 30, 2024. This compares to net investment income of $0.31 per common share for the quarter ended March 31, 2024. - Core net investment income (1) is estimated to be between $0.30 and $0.32 per common share for the quarter ended June 30, 2024. This compares to core net investment income of $0.31 per common share for the quarter ended March 31, 2024. - The investment portfolio at fair value was $1.66 billion, compared to $1.48 billion as of March 31, 2024. - At June 30, 2024, there were three loans on non-accrual representing 1.5% of the portfolio at cost and 1.1% at fair market value versus one loan on non-accrual at March 31, 2024 representing 0.4% of the portfolio at cost and 0.3% at fair market value. - As of June 30, 2024, the Company had approximately $901.6 million of total debt consisting of, $218.9 million of borrowings outstanding under the Company's multi-currency senior secured revolving credit facility, as amended from time to time, with Truist Bank and other lenders (the "Credit Facility") at cost, $185.0 million in aggregate principal amount of 4.25% Notes due 2026 outstanding, $210.7 million in aggregate principal amount of asset-backed debt consisting of various notes due in 2031, and $287.0 million in aggregate principal amount of asset-backed debt consisting of various notes due in 2036. - At June 30, 2024, we had approximately $84.6 million in cash and

Forward-Looking Statements

Forward-Looking Statements This report on Form 8-K may contain "forward-looking 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Exchange Act of 1934, as amended (the "Exchange Act"), the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking facts included herein this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

01 Other Information

Item 8.01 Other Information The information set forth under Item 2.02 above is incorporated herein by reference. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 12, 2024 PENNANTPARK FLOATING RATE CAPITAL LTD. By: /s/ Richard T. Allorto, Jr. Richard T. Allorto, Jr. Chief Financial Officer & Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR