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.
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. 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.
COMPANY CONTACT:
Aviv Efrat
PennantPark Investment Corporation and PennantPark Floating Rate
Capital Ltd.
(212) 905-1000
www.pennantpark.com
MEDIA CONTACT:
Daniel Yunger / Ethan Lyle
KEKST
212.521.4800
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SOURCE PennantPark