- PennantPark Floating Rate Capital ( NYSE: PFLT ) has launched an underwritten primary offering of shares of its common stock.
- Terms of the offering are yet to be disclosed.
- Underwriters may be granted an option to purchase additional shares of the common stock.
- Net proceeds from the offering will be used to reduce outstanding obligations under the firm's existing indebtedness, to invest in new or existing portfolio companies, to capitalize a subsidiary or new joint venture or for other general corporate or strategic purposes.
For further details see:
PennantPark Floating Rate Capital launches stock offering