PennantPark Floating Rate Capital Ltd
pennantpark.comWhat Do They Do?
Provides loans and other financing, including loans with interest rates that can change, to midsized U.S. businesses.
10-K for FY2025, filed Nov 24, 2025
How Do They Make Money?
Borrowers pay interest on their loans; PFLT earns it as interest accrues when it expects collection. It also earns loan origination, prepayment, structuring and amendment fees.
10-K for FY2025, filed Nov 24, 2025We record interest income on an accrual basis to the extent that we expect to collect such amounts. For loans and debt investments with…View ↗
$107.2M
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10-K for FY2025, filed Nov 24, 2025
$107.2M ↗
Who Are Their Customers?
Makes loans directly to U.S. middle-market businesses across many industries, and to a limited extent to businesses outside the United States.
10-K for FY2025, filed Nov 24, 2025
Do Revenues Turn Into Profits?
Yes. It kept 62 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Nov 24, 2025
10-K for FY2025, filed Nov 24, 2025
$66.4MView ↗
How Are They Changing?
Growing. Revenue grew 2.7x in 4 years, from $39.6M in FY2021 to $107.2M in FY2025, about 28% a year.
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