PennantPark Floating Rate Capital (PFLT) announces a 4.7M share secondary with underwriters granted the option to purchase another 705K shares. The offering looks to add more than 25% to the share count. (PR)
PennantPark Floating Rate Capital is a BDC. The Company's objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies.