- PennantPark Floating Rate Capital ( NYSE: PFLT ) stock fell 7.1% after hours on Monday as the firm commenced an underwritten primary offering of 4.25M shares .
- Underwriters will be given an option to buy 637.5K additional shares.
- Net proceeds will be used to reduce outstanding obligations under existing indebtedness, invest in new/existing portfolio companies, capitalize a subsidiary or joint venture, or for other general corporate purposes.
- Earlier, PennantPark ( PFLT ) declared $0.095/share monthly dividend .
For further details see:
PennantPark Floating Rate Capital falls 7% on primary stock offering