PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. engages in providing first lien debt. The company is headquartered in New York City, New York. The company went IPO on 2011-04-08. The investment objectives of the Company 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 U.S. middle-market companies. The firm primarily invests private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. The firm may also invest in equity investments. Under normal market conditions, the Company generally expect that at least 80% of the value of its managed assets. The firm generally expect to invest up to 35% of its overall portfolio opportunistically in other types of investments, including second lien secured debt, subordinated debt, and, to a lesser extent, equity investments.