PennantPark Floating Rate Capital Ltd. Expands Portfolio with $250 Million Asset Acquisition

Reuters09-03
<a href="https://laohu8.com/S/PFLT">PennantPark Floating Rate Capital</a> Ltd. Expands Portfolio with $250 Million Asset Acquisition

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced the acquisition of a $250 million asset portfolio, marking a significant expansion for the company. The assets, acquired from TSO Puma SPV, LLC, an affiliate of Towerbrook Capital Partners, were part of the winding down of the PennantPark-TSO Senior Loan Fund, LP. With this acquisition, PFLT aims to optimize its portfolio and enhance net investment income by approximately two cents per share per quarter. Chairman and CEO Art Penn expressed confidence in the quality of the newly acquired assets, which align with the company's existing portfolio standards.

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