PennantPark Floating Rate Capital Ltd. Announces Public Offering of Common Stock
23 Enero 2023 - 3:06PM
PennantPark Floating Rate Capital Ltd. (the
“Company”) (NYSE: PFLT) (TASE: PFLT) today announced that it has
commenced an underwritten primary offering of 4,250,000 shares of
its common stock (the “Offering”). The Company also expects to
grant the underwriters an option to purchase 637,500 additional
shares of its common stock. The Offering will be made pursuant to
the Company’s shelf registration statement, which was filed with,
and has been declared effective by, the Securities and Exchange
Commission (the “Commission”).
The Company expects to use the net proceeds from the Offering to
reduce outstanding obligations under its existing indebtedness, to
invest in new or existing portfolio companies, to capitalize a
subsidiary or joint venture or for other general corporate or
strategic purposes.
Morgan Stanley, UBS Investment Bank, Goldman Sachs & Co.
LLC, J.P. Morgan and Keefe, Bruyette & Woods, A Stifel Company,
are serving as joint book-running managers for the Offering.
Investors are advised to carefully consider the
investment objectives, risks and charges and expenses of the
Company before investing. The preliminary prospectus supplement,
dated January 23, 2023, and the accompanying prospectus, dated
January 9, 2023, which have been filed with the Commission, contain
this and other information about the Company and should be read
carefully before investing.
The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and
may be changed. This press release does not constitute an offer to
sell or the solicitation of an offer to buy nor will there be any
sale of the shares referred to in this press release in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction.
The Offering may be made only by means of a prospectus
and a related prospectus supplement, copies of which may be
obtained from the joint book-running managers at: Morgan Stanley
& Co. LLC, Attn. Prospectus Department, 180 Varick Street, New
York, NY 10014; UBS Securities LLC, 1285 Avenue of the Americas,
New York, New York, 10019, Attn: Prospectus Department; Goldman
Sachs & Co. LLC, 200 West Street, New York, NY 10282; J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717; and Keefe, Bruyette &
Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY
10019.
About PennantPark Floating Rate Capital
Ltd.
PennantPark Floating Rate Capital Ltd. is a business development
company which primarily invests in U.S. middle-market companies in
the form of floating rate senior secured loans, including first
lien secured debt, second lien secured debt and subordinated debt.
From time to time, the Company may also invest in equity
investments. PennantPark Floating Rate Capital Ltd. is managed by
PennantPark Investment Advisers, LLC.
About PennantPark Investment Advisers, LLC
PennantPark Investment Advisers, LLC is a leading middle-market
credit platform, managing approximately $6.4 billion of investable
capital, including potential leverage. Since its inception in 2007,
PennantPark Investment Advisers, LLC has provided investors access
to middle-market credit by offering private equity firms and their
portfolio companies as well as other middle-market borrowers a
comprehensive range of creative and flexible financing solutions.
PennantPark Investment Advisers, LLC is headquartered in Miami and
has offices in New York, Chicago, Houston, and Los Angeles.
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical facts
included in 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.
Contacts
Richard T. Allorto, Jr.PennantPark Floating Rate Capital
Ltd.(786) 297-9500
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