PennantPark Floating Rate Capital Ltd. Announces Upsize Of Joint Venture; PFLT And Its JV Partner Jointly Agreed To Invest An Additional $100M Of Capital In PSSL
PennantPark Floating Rate Capital Ltd. Announces Upsize Of Joint Venture; PFLT And Its JV Partner Jointly Agreed To Invest An Additional $100M Of Capital In PSSL
PFLT and its JV partner jointly agreed to invest an additional $100 million of capital in PSSL. In conjunction with increased leverage capacity at PSSL, the $100 million investment will expand the JV's total investment capacity to $1.5 billion, representing a nearly $500 million increase.Joint Venture to Continue to Target the Attractive Core Middle Market
合资企业将继续瞄准有吸引力的核心中间市场
Joint Venture Is Generating Strong Returns
合资企业正在产生丰厚的回报
MIAMI, Dec. 12, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. ("PFLT") (NYSE:PFLT) today announced it has agreed to expand its investment in PennantPark Senior Secured Loan Fund I LLC ("PSSL" or the "JV"). This transaction further strengthens this strategic partnership, which was put into place over seven years ago, and has generated strong returns to date.
迈阿密，2024年12月12日（环球新闻社）——PennantPark浮动利率资本有限公司（“PFLT”）（纽约证券交易所代码：PFLT）今天宣布，它已同意扩大对PennantPark高级担保贷款基金I LLC（“PSSL” 或 “合资企业”）的投资。该交易进一步加强了七年前建立的这一战略合作伙伴关系，迄今为止已产生了丰厚的回报。
PFLT and its JV partner jointly agreed to invest an additional $100 million of capital in PSSL. In conjunction with increased leverage capacity at PSSL, the $100 million investment will expand the JV's total investment capacity to $1.5 billion, representing a nearly $500 million increase.
PfLt及其合资合作伙伴共同同意向PSSL额外投资1亿美元的资本。加上PSSL杠杆能力的提高，1亿美元的投资将使合资企业的总投资能力扩大到15亿美元，相当于增长了近5亿美元。