NEW YORK, April 26, 2017 /PRNewswire/ -- PennantPark Investment Corporation (Nasdaq: PNNT) and PennantPark Floating Rate Capital Ltd. (Nasdaq: PFLT), leading business development companies focused on partnering with middle-market companies and providing them with creative and flexible capital solutions, today announced a visit to the Nasdaq Stock Market to ring the Closing Bell in celebration of PNNT's ten-year listing anniversary and PFLT's six-year listing anniversary. The bell ringing is scheduled for this afternoon at 4 p.m. Eastern Time. A live webcast will be available at https://new.livestream.com/nasdaq/live.
Arthur Penn, Chairman and CEO of PNNT and PFLT, said: "I am proud of all that PennantPark has accomplished over the last ten years, particularly the long-standing partnerships that we have developed with our investors and the companies in which our firm invests. PennantPark has consistently differentiated itself with a disciplined approach in selecting investments, and a demonstrated track record of effective middle-market direct lending, which we believe have provided our investors with a superior risk/reward opportunity since inception."
PennantPark has achieved many milestones since its founding in 2007, including:
- Deploying over $6 billion in more than 430 companies (over 170 sponsors).
- Assembling a highly regarded team of investment professionals with deep experience in middle-market direct lending, many of whom have worked together collaboratively for over two decades.
- Managing two publicly-traded business development companies, PennantPark Investment Corporation and PennantPark Floating Rate Capital Ltd, and a private fund, PennantPark Credit Opportunities Fund II.
Mr. Penn added: "With our supremely talented team, an industry-leading credit platform and a strong and loyal base of private equity sponsors, we look forward to the next ten years of the firm's evolution as we continue to create significant value for our investors."
ABOUT PENNANTPARK INVESTMENT CORPORATION
PennantPark Investment Corporation is a business development company, which principally invests in U.S. middle-market private companies in the form of senior secured loans, mezzanine debt, and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC. For more information on PennantPark Investment Corporation, please visit http://www.pennantpark.com.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital is a business development company, which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans. From time to time, PennantPark Floating Rate Capital Ltd. may invest in mezzanine debt and equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC. For more information on PennantPark Floating Rate Capital Ltd., please visit http://www.pennantpark.com.
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. PennantPark Investment Advisers, LLC, PennantPark Investment Corporation and PennantPark Floating Rate Capital Ltd. undertake 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.
PennantPark Investment Corporation and PennantPark Floating Rate Capital Ltd.
Daniel Yunger / Ethan Lyle
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