PennantPark Floating Rate Capital Ltd. Appoints Senior Partner of PennantPark to Its Board of Directors
May 06 2022 - 9:00AM
PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT)
(TASE: PFLT) announced today the appointment of Mr. José A.
Briones, Jr. to the Company’s Board of Directors, effective May 3,
2022. Mr. Briones is a Senior Partner at PennantPark Investment
Advisers, LLC (“PennantPark”). His appointment brings the Company’s
Board of Directors to six members.
“On behalf of the Company’s Board of Directors
and PennantPark, I am delighted to welcome José to the Company’s
Board of Directors. José has been instrumental to our success, and
we look forward to his contributions for many years ahead,” said
Art Penn, Chairman and CEO. “Our firm continues to provide
investors attractive risk/return across the middle market credit
landscape, driven by our relationship-focused origination profile
in the core middle market, where we are an important strategic
capital provider to growing companies.”
Mr. Briones joined PennantPark in December 2009,
and oversees originating, underwriting, executing and monitoring
investments for the company. He is also responsible for various
strategic initiatives.
Prior to joining PennantPark, he was a Partner
at Apollo Investment Management, L.P. and a member of its
investment committee from 2006 until he joined PennantPark. Mr.
Briones also spent time with UBS Securities, JP Morgan, and BT
Securities and BT Alex Brown Inc.
ABOUT PENNANTPARK FLOATING RATE CAPITAL
LTD.
PennantPark Floating Rate Capital Ltd. is a
business development company which primarily invests in U.S.
middle-market private 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 $6 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.
CONTACT: |
Richard CheungPennantPark Floating Rate Capital Ltd.(212) 905-1000
www.pennantpark.com |
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