EXHIBIT 99.
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2023
(Unaudited)
(in thousands, except share data)
Issuer Name |
| Maturity |
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| |||||
Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
First Lien Secured Debt—101.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
A1 Garage Merger Sub, LLC |
| 12/22/2028 |
| Commercial Services & Supplies |
|
| 11.99 | % |
| 3M SOFR+660 |
|
|
| 1,520 |
|
| $ | 1,499 |
|
| $ | 1,512 |
| |
A1 Garage Merger Sub, LLC - Unfunded Term Loan |
| 12/22/2028 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 528 |
|
|
| — |
|
|
| 5 |
|
A1 Garage Merger Sub, LLC LLC (Revolver) (7), (9) |
| 12/22/2028 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 748 |
|
|
| — |
|
|
| (4 | ) |
Ad.net Acquisition, LLC |
| 05/07/2026 |
| Media |
|
| 11.65 | % |
| 3M SOFR+626 |
|
|
| 4,888 |
|
|
| 4,846 |
|
|
| 4,863 |
| |
Ad.net Acquisition, LLC (Revolver) (7) |
| 05/07/2026 |
| Media |
|
| 11.65 | % |
| 3M SOFR+626 |
|
|
| 622 |
|
|
| 622 |
|
|
| 619 |
| |
Ad.net Acquisition, LLC (Revolver) (7), (9) |
| 05/07/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 622 |
|
|
| — |
|
|
| (3 | ) |
Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) |
| 06/10/2025 |
| Media |
|
| 11.79 | % |
| 3M SOFR+640 |
|
|
| 13,958 |
|
|
| 13,859 |
|
|
| 13,749 |
| |
Anteriad, LLC (f/k/a MeritDirect, LLC) |
| 05/23/2024 |
| Media |
|
| 11.04 | % |
| 3M SOFR+565 |
|
|
| 13,786 |
|
|
| 13,755 |
|
|
| 13,545 |
| |
Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan |
| 05/23/2024 |
| Media |
|
| 12.04 | % |
| 3M SOFR+665 |
|
|
| 2,212 |
|
|
| 2,186 |
|
|
| 2,184 |
| |
Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver) (7), (9) |
| 05/23/2024 |
| Media |
|
| — |
|
|
| — |
|
|
| 2,869 |
|
|
| — |
|
|
| (50 | ) |
Any Hour Services |
| 07/21/2027 |
| Energy Equipment and Services |
|
| 11.22 | % |
| 3M SOFR+585 |
|
|
| 6,395 |
|
|
| 6,326 |
|
|
| 6,267 |
| |
Any Hour Services (Revolver) (7), (9) |
| 07/21/2027 |
| Energy Equipment and Services |
|
| — |
|
|
| — |
|
|
| 1,147 |
|
|
| — |
|
|
| (23 | ) |
Apex Service Partners, LLC |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 10.52 | % |
| 3M SOFR+525 |
|
|
| 6,160 |
|
|
| 6,132 |
|
|
| 6,145 |
| |
Apex Service Partners, LLC Term Loan B |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 11.04 | % |
| 3M SOFR+550 |
|
|
| 294 |
|
|
| 294 |
|
|
| 294 |
| |
Apex Service Partners, LLC Term Loan C |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 10.68 | % |
| 3M SOFR+525 |
|
|
| 12,826 |
|
|
| 12,732 |
|
|
| 12,793 |
| |
Apex Service Partners, LLC (Revolver) (7) |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 10.86 | % |
| 3M SOFR+525 |
|
|
| 1,153 |
|
|
| 1,153 |
|
|
| 1,150 |
| |
Apex Service Partners, LLC (Revolver) (7), (9) |
| 07/31/2025 |
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 692 |
|
|
| — |
|
|
| (2 | ) |
Applied Technical Services, LLC |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| 11.54 | % |
| 3M SOFR+615 |
|
|
| 8,891 |
|
|
| 8,784 |
|
|
| 8,714 |
| |
Applied Technical Services, LLC (Unfunded Term Loan) |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 582 |
|
|
| — |
|
|
| (6 | ) |
Applied Technical Services, LLC (Revolver) (7) |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| 13.25 | % |
| 3M SOFR+475 |
|
|
| 509 |
|
|
| 509 |
|
|
| 499 |
| |
Applied Technical Services, LLC (Revolver) (7), (9) |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 764 |
|
|
| — |
|
|
| (15 | ) |
Arcfield Acquisition Corp. |
| 08/03/2029 |
| Aerospace and Defense |
|
| 11.62 | % |
| 1M SOFR+625 |
|
|
| 6,526 |
|
|
| 6,429 |
|
|
| 6,461 |
| |
Arcfield Acquisition Corp. (Revolver) (9) |
| 08/04/2028 |
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 1,379 |
|
|
| — |
|
|
| (14 | ) |
Beta Plus Technologies, Inc. |
| 07/01/2029 |
| Internet Software and Services |
|
| 11.14 | % |
| 3M SOFR+575 |
|
|
| 4,950 |
|
|
| 4,862 |
|
|
| 4,604 |
| |
BioDerm, Inc. (Revolver) (7) |
| 01/31/2028 |
| Healthcare Equipment and Supplies |
|
| 11.81 | % |
| 1M SOFR+650 |
|
|
| 107 |
|
|
| 107 |
|
|
| 107 |
| |
BioDerm, Inc. (Revolver) (9) |
| 01/31/2028 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 964 |
|
|
| — |
|
|
| (5 | ) |
Blackhawk Industrial Distribution, Inc. |
| 09/17/2026 |
| Distributors |
|
| 11.79 | % |
| 3M SOFR+640 |
|
|
| 631 |
|
|
| 628 |
|
|
| 622 |
| |
Blackhawk Industrial Distribution, Inc. - Unfunded Term Loan |
| 09/17/2026 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 2,624 |
|
|
| — |
|
|
| (26 | ) |
Blackhawk Industrial Distribution, Inc. (Revolver) (7) |
| 09/17/2026 |
| Distributors |
|
| 13.75 | % |
| 3M SOFR+525 |
|
|
| 274 |
|
|
| 274 |
|
|
| 270 |
| |
Blackhawk Industrial Distribution, Inc. (9) |
| 09/17/2026 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 2,469 |
|
|
| — |
|
|
| (37 | ) |
Broder Bros., Co. |
| 12/04/2025 |
| Textiles, Apparel and Luxury Goods |
|
| 11.50 | % |
| 3M SOFR+626 |
|
|
| 3,324 |
|
|
| 3,324 |
|
|
| 3,324 |
| |
By Light Professional IT Services, LLC |
| 05/16/2025 |
| High Tech Industries |
|
| 12.43 | % |
| 3M SOFR+688 |
|
|
| 25,674 |
|
|
| 25,499 |
|
|
| 25,224 |
| |
By Light Professional IT Services, LLC (Revolver) (7)(9) |
| 05/16/2025 |
| High Tech Industries |
|
| — |
|
|
| — |
|
|
| 3,507 |
|
|
| — |
|
|
| (61 | ) |
Cadence Aerospace, LLC (7) |
| 11/14/2023 |
| Aerospace and Defense |
|
| 12.07 | % |
| 3M SOFR+665 |
|
|
| 980 |
|
|
| 980 |
|
|
| 980 |
| |
|
|
|
|
|
| (PIK 9.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Cartessa Aesthetics, LLC |
| 06/14/2028 |
| Distributors |
|
| 11.39 | % |
| 3M SOFR+600 |
|
|
| 13,076 |
|
|
| 12,907 |
|
|
| 13,076 |
| |
Cartessa Aesthetics, LLC (Revolver) (7) |
| 06/14/2028 |
| Distributors |
|
| 11.39 | % |
| 3M SOFR+600 |
|
|
| 511 |
|
|
| 511 |
|
|
| 511 |
| |
Cartessa Aesthetics, LLC (Revolver) (7)(9) |
| 06/14/2028 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 927 |
|
|
| — |
|
|
| - |
|
CF512, Inc. |
| 08/20/2026 |
| Media |
|
| 11.59 | % |
| 3M SOFR+619 |
|
|
| 5,980 |
|
|
| 5,930 |
|
|
| 5,860 |
| |
CF512, Inc. (Revolver) (7), (9) |
| 08/20/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 955 |
|
|
| — |
|
|
| (19 | ) |
CHA Holdings, Inc. |
| 04/10/2025 |
| Environmental Industries |
|
| 10.15 | % |
| 3M SOFR+476 |
|
|
| 1,564 |
|
|
| 1,562 |
|
|
| 1,564 |
| |
Challenger Performance Optimization, Inc. |
| 08/31/2024 |
| Business Services |
|
| 12.18 | % |
| 3M L+675 |
|
|
| 237 |
|
|
| 237 |
|
|
| 230 |
| |
Compex Legal Services, Inc. |
| 02/09/2026 |
| Professional Services |
|
| 10.99 | % |
| 3M SOFR+525 |
|
|
| 8,925 |
|
|
| 8,891 |
|
|
| 8,925 |
| |
Compex Legal Services, Inc. (Revolver) (7) |
| 02/07/2025 |
| Professional Services |
|
| 10.94 | % |
| 3M SOFR+555 |
|
|
| 141 |
|
|
| 141 |
|
|
| 141 |
| |
Compex Legal Services, Inc. (Revolver) (7), (9) |
| 02/07/2025 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,265 |
|
|
| — |
|
|
| — |
|
Connatix Buyer, Inc. |
| 07/13/2027 |
| Media |
|
| 11.16 | % |
| 1M SOFR+576 |
|
|
| 3,814 |
|
|
| 3,761 |
|
|
| 3,681 |
| |
Connatix Buyer, Inc. (7), (9) |
| 07/13/2027 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,234 |
|
|
| — |
|
|
| (43 | ) |
Crane 1 Services, Inc. |
| 08/16/2027 |
| Commercial Services & Supplies |
|
| 10.90 | % |
| 3M SOFR+551 |
|
|
| 882 |
|
|
| 871 |
|
|
| 878 |
| |
Crane 1 Services, Inc. (Revolver) (7) |
| 08/16/2027 |
| Commercial Services & Supplies |
|
| 10.90 | % |
| 3M SOFR+551 |
|
|
| 135 |
|
|
| 135 |
|
|
| 134 |
| |
Crane 1 Services, Inc. (Revolver) (7) |
| 08/16/2027 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 202 |
|
|
| — |
|
|
| (1 | ) |
Dr. Squatch, LLC |
| 08/31/2027 |
| Personal Products |
|
| 11.24 | % |
| 3M SOFR+585 |
|
|
| 4,383 |
|
|
| 4,328 |
|
|
| 4,383 |
| |
Dr. Squatch, LLC (Revolver) (7), (9) |
| 08/31/2027 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 3,353 |
|
|
| — |
|
|
| — |
|
DRS Holdings III, Inc. |
| 11/03/2025 |
| Chemicals, Plastics and Rubber |
|
| 11.79 | % |
| 3M SOFR+640 |
|
|
| 16,266 |
|
|
| 16,142 |
|
|
| 16,070 |
| |
DRS Holdings III, Inc. (Revolver) (7), (9) |
| 11/03/2025 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,426 |
|
|
| — |
|
|
| (17 | ) |
Duraco Specialty Tapes LLC |
| 06/30/2024 |
| Containers and Packaging |
|
| 11.93 | % |
| 1M SOFR+650 |
|
|
| 3,445 |
|
|
| 3,407 |
|
|
| 3,393 |
| |
ECL Entertainment, LLC |
| 08/31/2030 |
| Hotels, Restaurants and Leisure |
|
| 10.14 | % |
| 1M SOFR+475 |
|
|
| 5,000 |
|
|
| 4,900 |
|
|
| 4,985 |
| |
eCommission Financial Services, Inc. (10) |
| 10/05/2023 |
| Banking, Finance, Insurance & Real Estate |
|
| 10.43 | % |
| 1M SOFR+510 |
|
|
| 4,599 |
|
|
| 4,599 |
|
|
| 4,599 |
| |
eCommission Financial Services, Inc. (Revolver) (7), (9), (10) |
| 10/05/2023 |
| Banking, Finance, Insurance & Real Estate |
|
| — |
|
|
| — |
|
|
| 5,000 |
|
|
| — |
|
|
| — |
|
EDS Buyer, LLC - Unfunded Term Loan |
| 01/10/2029 |
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 6,750 |
|
|
| — |
|
|
| (17 | ) |
EDS Buyer, LLC. (Revolver) (7), (9) |
| 01/10/2029 |
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 2,025 |
|
|
| — |
|
|
| (30 | ) |
Efficient Collaborative Retail Marketing Company, LLC |
| 06/15/2024 |
| Media: Diversified and Production |
|
| 13.15 | % |
| 3M SOFR+776 |
|
|
| 7,645 |
|
|
| 7,651 |
|
|
| 5,352 |
| |
ETE Intermediate II, LLC (Revolver) (9) |
| 05/25/2029 |
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 1,656 |
|
|
| — |
|
|
| (28 | ) |
Exigo Intermediate II, LLC (Revolver) (9) |
| 03/15/2027 |
| Software |
|
| — |
|
|
| — |
|
|
| 689 |
|
|
| — |
|
|
| (14 | ) |
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2023
(Unaudited)
(in thousands, except share data)
Issuer Name |
| Maturity |
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| |||||
Five Star Buyer, Inc. |
| 02/23/2028 |
| Hotels, Restaurants and Leisure |
|
| 12.43 | % |
| 1M SOFR+710 |
|
|
| 4,569 |
|
| $ | 4,488 |
|
| $ | 4,500 |
| |
Five Star Buyer, Inc. - DDTL B Unfunded |
| 02/23/2028 |
| Hotels, Restaurants and Leisure |
|
| — |
|
|
| — |
|
|
| 837 |
|
|
| - |
|
|
| (13 | ) |
Five Star Buyer, Inc. (Revolver) (9) |
| 02/23/2028 |
| Hotels, Restaurants and Leisure |
|
| — |
|
|
| — |
|
|
| 741 |
|
|
| - |
|
|
| (11 | ) |
Gauge ETE Blocker, LLC - Promissory Note |
| 05/19/2029 |
| Diversified Consumer Services |
|
| 12.56 | % |
|
| — |
|
|
| 215 |
|
|
| 215 |
|
|
| 215 |
|
Global Holdings InterCo LLC |
| 03/16/2026 |
| Diversified Financial Services |
|
| 11.96 | % |
| 3M SOFR+660 |
|
|
| 3,279 |
|
|
| 3,252 |
|
|
| 3,115 |
| |
Graffiti Buyer, Inc. |
| 08/10/2027 |
| Trading Companies & Distributors |
|
| 10.98 | % |
| 3M SOFR+550 |
|
|
| 736 |
|
|
| 729 |
|
|
| 729 |
| |
Graffiti Buyer, Inc. (7), (9) |
| 12/8/2023 |
| Trading Companies & Distributors |
|
| — |
|
|
| — |
|
|
| 332 |
|
|
| — |
|
|
| — |
|
Graffiti Buyer, Inc. (Revolver) (7) |
| 08/10/2027 |
| Trading Companies & Distributors |
|
| 10.98 | % |
| 3M SOFR+575 |
|
|
| 269 |
|
|
| 269 |
|
|
| 266 |
| |
Graffiti Buyer, Inc. (Revolver) (7), (9) |
| 08/10/2027 |
| Trading Companies & Distributors |
|
| — |
|
|
| — |
|
|
| 596 |
|
|
| — |
|
|
| (6 | ) |
Hancock Roofing and Construction L.L.C. |
| 12/31/2026 |
| Insurance |
|
| 10.93 | % |
| 3M SOFR+560 |
|
|
| 4,172 |
|
|
| 4,112 |
|
|
| 4,068 |
| |
Hancock Roofing and Construction L.L.C. (Revolver) (7) |
| 12/31/2026 |
| Insurance |
|
| 10.92 | % |
| 1M SOFR+560 |
|
|
| 335 |
|
|
| 335 |
|
|
| 327 |
| |
Hancock Roofing and Construction L.L.C. (Revolver) (7), (9) |
| 12/31/2026 |
| Insurance |
|
| — |
|
|
| — |
|
|
| 415 |
|
|
| — |
|
|
| (10 | ) |
Holdco Sands Intermediate, LLC |
| 11/23/2028 |
| Aerospace and Defense |
|
| 11.32 | % |
| 6M SOFR+585 |
|
|
| 4,913 |
|
|
| 4,835 |
|
|
| 4,913 |
| |
Holdco Sands Intermediate, LLC (Revolver) (9) |
| 11/23/2027 |
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 1,791 |
|
|
| — |
|
|
| — |
|
HW Holdco, LLC |
| 12/10/2024 |
| Media |
|
| 11.70 | % |
| 3M SOFR+640 |
|
|
| 9,000 |
|
|
| 8,973 |
|
|
| 8,865 |
| |
HW Holdco, LLC (Revolver) |
| 12/10/2024 |
| Media |
|
| 11.82 | % |
| 3M SOFR+640 |
|
|
| 116 |
|
|
| 116 |
|
|
| 114 |
| |
HW Holdco, LLC (Revolver) (7), (9) |
| 12/10/2024 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,335 |
|
|
| — |
|
|
| (20 | ) |
IG Investments Holdings, LLC (7) |
| 09/22/2028 |
| Professional Services |
|
| 11.45 | % |
| 3M SOFR+610 |
|
|
| 4,428 |
|
|
| 4,356 |
|
|
| 4,362 |
| |
IG Investments Holdings, LLC (Revolver) (7), (9) |
| 09/22/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 477 |
|
|
| — |
|
|
| (7 | ) |
Imagine Acquisitionco, LLC (9) |
| 11/15/2027 |
| Software |
|
| — |
|
|
| — |
|
|
| 1,657 |
|
|
| — |
|
|
| (8 | ) |
Imagine Acquisitionco, LLC (Revolver) (9) |
| 11/15/2027 |
| Software |
|
| — |
|
|
| — |
|
|
| 1,193 |
|
|
| — |
|
|
| (18 | ) |
Inception Fertility Ventures, LLC |
| 12/31/2024 |
| Healthcare Providers and Services |
|
| 12.50 | % |
| 3M SOFR+715 |
|
|
| 14,803 |
|
|
| 14,656 |
|
|
| 14,803 |
| |
Infinity Home Services Holdco, Inc. |
| 12/28/2028 |
| Commercial Services & Supplies |
|
| 12.24 | % |
| 3M SOFR+685 |
|
|
| 2,089 |
|
|
| 2,089 |
|
|
| 2,089 |
| |
Infinity Home Services Holdco, Inc. - Unfunded Term Loan |
| 12/28/2023 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 1,135 |
|
|
| — |
|
|
| — |
|
Infinity Home Services Holdco, Inc. (Revolver) (9) |
| 12/28/2028 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 1,292 |
|
|
| — |
|
|
| — |
|
Infolinks Media Buyco, LLC |
| 11/01/2026 |
| Media |
|
| 11.17 | % |
| 1M SOFR+585 |
|
|
| 3,178 |
|
|
| 3,143 |
|
|
| 3,178 |
| |
Infolinks Media Buyco, LLC- Unfunded Term Loan |
| 11/01/2023 |
| Media |
|
| — |
|
|
| — |
|
|
| 387 |
|
|
| — |
|
|
| 4 |
|
Integrated Data Services (Revolver) (9) |
| 08/01/2029 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 3,096 |
|
|
| — |
|
|
| (72 | ) |
Integrative Nutrition, LLC |
| 01/31/2025 |
| Consumer Services |
|
| 12.54 | % |
| 3M SOFR+715 |
|
|
| 15,521 |
|
|
| 15,457 |
|
|
| 14,590 |
| |
Integrity Marketing Acquisition, LLC |
| 08/27/2026 |
| Insurance |
|
| 11.57 | % |
| 3M SOFR+615 |
|
|
| 15,666 |
|
|
| 15,553 |
|
|
| 15,509 |
| |
Integrity Marketing Acquisition, LLC - Unfunded Term Loan |
| 08/31/2025 |
| Insurance |
|
| — |
|
|
| — |
|
|
| 8,000 |
|
|
| - |
|
|
| (40 | ) |
Integrity Marketing Acquisition, LLC (Revolver) (7), (9) |
| 08/27/2026 |
| Insurance |
|
| — |
|
|
| — |
|
|
| 511 |
|
|
| - |
|
|
| - |
|
ITI Holdings, Inc. (Revolver) |
| 03/03/2028 |
| IT Services |
|
| 12.05 | % |
| 1M SOFR+560 |
|
|
| 500 |
|
|
| 500 |
|
|
| 490 |
| |
ITI Holdings, Inc. (Revolver) (9) |
| 03/03/2028 |
| IT Services |
|
| — |
|
|
| — |
|
|
| 165 |
|
|
| — |
|
|
| (3 | ) |
Inventus Power, Inc. |
| 06/30/2025 |
| Electronic Equipment, Instruments, and Components |
|
| 12.93 | % |
| 1M SOFR+761 |
|
|
| 4,988 |
|
|
| 4,894 |
|
|
| 4,888 |
| |
Inventus Power, Inc. (Revolver) (7), (9) |
| 06/30/2025 |
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 1,729 |
|
|
| — |
|
|
| (35 | ) |
K2 Pure Solutions NoCal, L.P. (Revolver) (7), (9) |
| 12/20/2023 |
| Chemicals, Plastics and Rubber |
|
| — |
|
|
| — |
|
|
| 1,429 |
|
|
| — |
|
|
| — |
|
Kinetic Purchaser, LLC |
| 11/10/2027 |
| Personal Products |
|
| 11.54 | % |
| 3M SOFR+615 |
|
|
| 17,253 |
|
|
| 16,999 |
|
|
| 16,995 |
| |
Kinetic Purchaser, LLC - (Revolver) (9) |
| 11/10/2026 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 3,435 |
|
|
| — |
|
|
| (52 | ) |
Lash OpCo, LLC |
| 02/18/2027 |
| Personal Products |
|
| 11.88 | % |
| 1M SOFR+675 |
|
|
| 10,404 |
|
|
| 10,264 |
|
|
| 10,300 |
| |
Lash OpCo, LLC (Revolver) (7) |
| 08/16/2026 |
| Personal Products |
|
| 12.15 | % |
| 3M SOFR+675 |
|
|
| 2,086 |
|
|
| 2,086 |
|
|
| 2,065 |
| |
Lash OpCo, LLC (Revolver) (7), (9) |
| 08/16/2026 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 986 |
|
|
| — |
|
|
| (10 | ) |
LAV Gear Holdings, Inc. |
| 10/31/2024 |
| Capital Equipment |
|
| 11.83 | % |
| 1M SOFR+643 |
|
|
| 7,544 |
|
|
| 7,537 |
|
|
| 7,454 |
| |
|
|
|
|
|
| (PIK 5.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
LAV Gear Holdings, Inc. (Revolver) (7) |
| 10/31/2024 |
| Capital Equipment |
|
| 11.02 | % |
| 3M SOFR+565 |
|
|
| 1,721 |
|
|
| 1,721 |
|
|
| 1,700 |
| |
|
|
|
|
|
| (PIK 5.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ledge Lounger, Inc. |
| 11/09/2026 |
| Leisure Products |
|
| 11.79 | % |
| 3M SOFR+640 |
|
|
| 3,709 |
|
|
| 3,677 |
|
|
| 3,663 |
| |
Ledge Lounger, Inc. (Revolver) (9) |
| 11/09/2026 |
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 789 |
|
|
| — |
|
|
| (10 | ) |
Lightspeed Buyer Inc. |
| 02/03/2026 |
| Healthcare Technology |
|
| 10.67 | % |
| 1M SOFR+535 |
|
|
| 22,543 |
|
|
| 22,282 |
|
|
| 22,317 |
| |
Lightspeed Buyer Inc. (Revolver) (7) (9) |
| 02/03/2026 |
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 2,499 |
|
|
| — |
|
|
| (25 | ) |
LJ Avalon Holdings, LLC |
| 02/01/2030 |
| Construction & Engineering |
|
| 11.79 | % |
| 3M SOFR+640 |
|
|
| 400 |
|
|
| 394 |
|
|
| 392 |
| |
LJ Avalon Holdings, LLC - Unfunded Term Loan |
| 07/31/2024 |
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 2,424 |
|
|
| — |
|
|
| (12 | ) |
LJ Avalon Holdings, LLC (Revolver) (9) |
| 01/31/2030 |
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 1,130 |
|
|
| — |
|
|
| (23 | ) |
Loving Tan Intermediate II, Inc. |
| 05/31/2028 |
| Personal Products |
|
| 12.39 | % |
| 3M SOFR+700 |
|
|
| 19,263 |
|
|
| 18,894 |
|
|
| 18,974 |
| |
Loving Tan Intermediate II, Inc. (Revolver) |
| 05/31/2028 |
| Personal Products |
|
| 12.39 | % |
| 3M SOFR+700 |
|
|
| 1,861 |
|
|
| 1,861 |
|
|
| 1,833 |
| |
Loving Tan Intermediate II, Inc. (Revolver)(7)(9) |
| 05/31/2028 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,523 |
|
|
| — |
|
|
| (23 | ) |
Lucky Bucks, LLC (6) |
| 07/20/2027 |
| Hotels, Restaurants and Leisure |
|
| 0.00 | % |
|
| — |
|
|
| 4,489 |
|
|
| 4,210 |
|
|
| 1,182 |
|
Lucky Bucks, LLC - DIP |
| 10/20/2023 |
| Hotels, Restaurants and Leisure |
|
| 15.30 | % |
| 3M SOFR+1000 |
|
|
| 160 |
|
|
| 158 |
|
|
| 160 |
| |
MAG DS Corp. |
| 04/01/2027 |
| Aerospace and Defense |
|
| 10.99 | % |
| 3M SOFR+550 |
|
|
| 3,674 |
|
|
| 3,564 |
|
|
| 3,481 |
| |
Mars Acquisition Holdings Corp. |
| 05/14/2026 |
| Media |
|
| 11.04 | % |
| 3M SOFR+565 |
|
|
| 8,728 |
|
|
| 8,616 |
|
|
| 8,640 |
| |
Mars Acquisition Holdings Corp. (Revolver)(7)(9) |
| 05/14/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 2,435 |
|
|
| — |
|
|
| (24 | ) |
MBS Holdings, Inc. (Revolver) |
| 04/16/2027 |
| Internet Software and Services |
|
| 11.17 | % |
| 1M SOFR+585 |
|
|
| 185 |
|
|
| 185 |
|
|
| 182 |
| |
MBS Holdings, Inc. (Revolver)(7)(9) |
| 04/16/2027 |
| Internet Software and Services |
|
| — |
|
|
| — |
|
|
| 972 |
|
|
| — |
|
|
| (15 | ) |
MDI Buyer, Inc. |
| 07/25/2028 |
| Commodity Chemicals |
|
| 11.09 | % |
| 3M SOFR+625 |
|
|
| 2,041 |
|
|
| 2,003 |
|
|
| 1,997 |
| |
MDI Buyer, inc. (Revolver) (7) |
| 07/25/2028 |
| Commodity Chemicals |
|
| 10.91 | % |
| 3M SOFR+600 |
|
|
| 361 |
|
|
| 361 |
|
|
| 353 |
| |
MDI Buyer, inc. (Revolver) (9) |
| 07/25/2028 |
| Commodity Chemicals |
|
| — |
|
|
| — |
|
|
| 412 |
|
|
| — |
|
|
| (5 | ) |
Meadowlark Acquirer, LLC |
| 12/10/2027 |
| Professional Services |
|
| 11.04 | % |
| 3M SOFR+565 |
|
|
| 1,978 |
|
|
| 1,954 |
|
|
| 1,929 |
| |
Meadowlark Acquirer, LLC - Term Loan I (9) |
| 12/10/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,103 |
|
|
| — |
|
|
| (17 | ) |
Meadowlark Acquirer, LLC - Term Loan II (9) |
| 12/10/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 9,483 |
|
|
| — |
|
|
| (142 | ) |
Meadowlark Acquirer, LLC (Revolver) (9) |
| 12/10/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,693 |
|
|
| — |
|
|
| (42 | ) |
Mission Critical Electronics, Inc. |
| 03/28/2024 |
| Capital Equipment |
|
| 10.65 | % |
| SOFR +515 |
|
|
| 3,571 |
|
|
| 3,560 |
|
|
| 3,553 |
| |
Mission Critical Electronics, Inc. (9) |
| 03/28/2024 |
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 707 |
|
|
| — |
|
|
| (1 | ) |
Mission Critical Electronics, Inc. (Revolver) (7), (9) |
| 03/28/2024 |
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 1,325 |
|
|
| — |
|
|
| (6 | ) |
Municipal Emergency Services, Inc. |
| 10/01/2027 |
| Distributors |
|
| 11.04 | % |
| 3M SOFR+565 |
|
|
| 1,181 |
|
|
| 1,144 |
|
|
| 1,155 |
| |
Municipal Emergency Services, Inc. - Unfunded Term Loan A |
| 06/16/2023 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 387 |
|
|
| — |
|
|
| (9 | ) |
Municipal Emergency Services, Inc. - Unfunded Term Loan B |
| 12/16/2024 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 1,264 |
|
|
| — |
|
|
| (28 | ) |
Municipal Emergency Services, Inc. (Revolver) (7) |
| 10/01/2027 |
| Distributors |
|
| 11.04 | % |
| 3M SOFR+565 |
|
|
| 379 |
|
|
| 379 |
|
|
| 370 |
| |
Municipal Emergency Services, Inc. (Revolver) (7), (9) |
| 10/01/2027 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 568 |
|
|
| — |
|
|
| (12 | ) |
Neptune Flood Incorporated - Revolver Unfunded |
| 05/09/2029 |
| Insurance |
|
| — |
|
|
| — |
|
|
| 541 |
|
|
| — |
|
|
| — |
|
NBH Group LLC (Revolver) (7), (9) |
| 08/19/2026 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 1,677 |
|
|
| — |
|
|
| (34 | ) |
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2023
(Unaudited)
(in thousands, except share data)
Issuer Name |
| Maturity |
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| |||||
NORA Acquisition, LLC |
| 08/31/2029 |
| Healthcare Providers and Services |
|
| 11.74 | % |
| 3M SOFR+635 |
|
|
| 41,489 |
|
| $ | 40,662 |
|
| $ | 40,659 |
| |
NORA Acquisition, LLC (Revolver) (7), (9) |
| 08/31/2029 |
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 5,479 |
|
|
| — |
|
|
| (110 | ) |
One Stop Mailing, LLC |
| 05/07/2027 |
| Air Freight and Logistics |
|
| 11.68 | % |
| 1M SOFR+636 |
|
|
| 8,516 |
|
|
| 8,397 |
|
|
| 8,516 |
| |
ORL Acquisition, Inc. (7) |
| 09/03/2027 |
| Consumer Finance |
|
| 12.84 | % |
| 6M SOFR+725 |
|
|
| 4,900 |
|
|
| 4,828 |
|
|
| 4,459 |
| |
ORL Acquisition, Inc. (Revolver) (7), (9) |
| 09/03/2027 |
| Consumer Finance |
|
| — |
|
|
| — |
|
|
| 861 |
|
|
| — |
|
|
| (77 | ) |
Output Services Group, Inc. (6) |
| 06/27/2026 |
| Business Services |
|
| 0.00 | % |
|
| — |
|
|
| 4,923 |
|
|
| 4,469 |
|
|
| 960 |
|
Owl Acquisition, LLC |
| 02/04/2028 |
| Professional Services |
|
| 10.80 | % |
| 6M SOFR+550 |
|
|
| 3,893 |
|
|
| 3,797 |
|
|
| 3,834 |
| |
Ox Two, LLC |
| 05/18/2026 |
| Construction and Building |
|
| 12.90 | % |
| 3M SOFR+751 |
|
|
| 22,736 |
|
|
| 22,513 |
|
|
| 22,338 |
| |
Ox Two, LLC (Revolver) (9) |
| 05/18/2026 |
| Construction and Building |
|
| — |
|
|
| — |
|
|
| 3,387 |
|
|
| — |
|
|
| (59 | ) |
Pequod Merger Sub, Inc. - Unfunded Term Loan |
| 12/02/2026 |
| Diversified Financial Services |
|
| — |
|
|
| — |
|
|
| 2,847 |
|
|
| — |
|
|
| (57 | ) |
Pequod Merger Sub, Inc (Revolver) (9) |
| 12/02/2026 |
| Diversified Financial Services |
|
| — |
|
|
| — |
|
|
| 757 |
|
|
| — |
|
|
| (15 | ) |
PL Acquisitionco, LLC |
| 11/09/2027 |
| Textiles, Apparel and Luxury Goods |
|
| 12.42 | % |
| 1M SOFR+710 |
|
|
| 5,612 |
|
|
| 5,538 |
|
|
| 5,050 |
| |
PL Acquisitionco, LLC - (Revolver) (9) |
| 11/09/2027 |
| Textiles, Apparel and Luxury Goods |
|
| — |
|
|
| — |
|
|
| 2,290 |
|
|
| — |
|
|
| (229 | ) |
PlayPower, Inc. |
| 05/08/2026 |
| Leisure Products |
|
| 10.92 | % |
| 3M SOFR+565 |
|
|
| 3,401 |
|
|
| 3,386 |
|
|
| 3,248 |
| |
Pragmatic Institute, LLC - Unfunded Term Loan |
| 07/06/2028 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 2,290 |
|
|
| — |
|
|
| (80 | ) |
Pragmatic Institute, LLC (Revolver) |
| 07/06/2028 |
| Professional Services |
|
| 11.17 | % |
| 3M SOFR+575 |
|
|
| 1,526 |
|
|
| 1,526 |
|
|
| 1,458 |
| |
Quantic Electronics, LLC |
| 11/19/2026 |
| Electronic Equipment, Instruments, and Components |
|
| 11.74 | % |
| 3M SOFR+635 |
|
|
| 6,647 |
|
|
| 6,578 |
|
|
| 6,547 |
| |
Quantic Electronics, LLC (Revolver) (7) |
| 11/19/2026 |
| Electronic Equipment, Instruments, and Components |
|
| 11.74 | % |
| 3M SOFR+635 |
|
|
| 670 |
|
|
| 670 |
|
|
| 660 |
| |
Questex, LLC |
| 09/09/2024 |
| Media: Diversified and Production |
|
| 9.81 | % |
| 3M SOFR+425 |
|
|
| 6,731 |
|
|
| 6,706 |
|
|
| 6,731 |
| |
Questex, LLC (Revolver) (7), (9) |
| 09/09/2024 |
| Media: Diversified and Production |
|
| — |
|
|
| — |
|
|
| 1,197 |
|
|
| — |
|
|
| - |
|
Rancho Health MSO, Inc. (Revolver) (7) |
| 12/18/2025 |
| Healthcare Equipment and Supplies |
|
| 11.24 | % |
| 3M SOFR+585 |
|
|
| 210 |
|
|
| 210 |
|
|
| 210 |
| |
Rancho Health MSO, Inc. (Revolver) (7), (9) |
| 12/18/2025 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 315 |
|
|
| — |
|
|
| — |
|
Recteq, LLC |
| 01/29/2026 |
| Leisure Products |
|
| 12.54 | % |
| 3M SOFR+715 |
|
|
| 1,463 |
|
|
| 1,448 |
|
|
| 1,419 |
| |
Recteq, LLC (Revolver) (7), (9) |
| 01/29/2026 |
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 1,296 |
|
|
| — |
|
|
| (39 | ) |
Research Now Group, Inc. and Dynata, LLC |
| 12/20/2024 |
| Business Services |
|
| 11.13 | % |
| 3M SOFR+576 |
|
|
| 16,962 |
|
|
| 16,875 |
|
|
| 14,842 |
| |
Riverpoint Medical, LLC |
| 06/20/2025 |
| Healthcare Equipment and Supplies |
|
| 10.54 | % |
| 3M SOFR+515 |
|
|
| 7,939 |
|
|
| 7,903 |
|
|
| 7,828 |
| |
Riverpoint Medical, LLC (Revolver) (7) |
| 06/20/2025 |
| Healthcare Equipment and Supplies |
|
| 10.42 | % |
| 1M SOFR+510 |
|
|
| 114 |
|
|
| 114 |
|
|
| 112 |
| |
Riverpoint Medical, LLC (Revolver) (7), (9) |
| 06/20/2025 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 795 |
|
|
| — |
|
|
| (11 | ) |
Riverside Assessments, LLC |
| 03/10/2025 |
| Professional Services |
|
| 11.29 | % |
| 3M SOFR+590 |
|
|
| 15,199 |
|
|
| 15,075 |
|
|
| 15,047 |
| |
Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) - Unfunded Term Loan |
| 06/15/2029 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,146 |
|
|
| — |
|
|
| — |
|
Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) (Revolver) (7), (9) |
| 06/15/2029 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 860 |
|
|
| — |
|
|
| (13 | ) |
Sales Benchmark Index LLC |
| 01/03/2025 |
| Professional Services |
|
| 11.59 | % |
| 3M SOFR+620 |
|
|
| 2,596 |
|
|
| 2,581 |
|
|
| 2,583 |
| |
Sales Benchmark Index LLC (Revolver) (7), (9) |
| 01/03/2025 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,293 |
|
|
| — |
|
|
| (7 | ) |
Sargent & Greenleaf Inc. |
| 12/20/2024 |
| Electronic Equipment, Instruments, and Components |
|
| 12.93 | % |
| 1M SOFR+760 |
|
|
| 3,439 |
|
|
| 3,425 |
|
|
| 3,405 |
| |
Sargent & Greenleaf Inc. (Revolver) |
| 12/20/2024 |
| Electronic Equipment, Instruments, and Components |
|
| 12.92 | % |
| 1M SOFR+760 |
|
|
| 280 |
|
|
| 280 |
|
|
| 277 |
| |
Sargent & Greenleaf Inc. (Revolver) (9) |
| 12/20/2024 |
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 801 |
|
|
| — |
|
|
| (8 | ) |
Schlesinger Global, Inc. |
| 07/14/2025 |
| Professional Services |
|
| 12.07 | % |
| 3M SOFR + 715 |
|
|
| 14,490 |
|
|
| 14,428 |
|
|
| 14,019 |
| |
Schlesinger Global, Inc. (Revolver) |
| 07/14/2025 |
| Professional Services |
|
| 12.52 | % |
| 3M SOFR+715 |
|
|
| 1,495 |
|
|
| 1,495 |
|
|
| 1,446 |
| |
Schlesinger Global, Inc. (Revolver) (7), (9) |
| 07/14/2025 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 375 |
|
|
| — |
|
|
| (12 | ) |
Seaway Buyer, LLC |
| 06/13/2029 |
| Chemicals, Plastics and Rubber |
|
| 11.54 | % |
| 3M SOFR+615 |
|
|
| 1,921 |
|
|
| 1,895 |
|
|
| 1,863 |
| |
Sigma Defense Systems, LLC |
| 12/18/2025 |
| IT Services |
|
| 14.04 | % |
| 3M SOFR+865 |
|
|
| 10,277 |
|
|
| 10,123 |
|
|
| 10,123 |
| |
Sigma Defense Systems, LLC (Revolver) (7) |
| 12/18/2025 |
| IT Services |
|
| 14.04 | % |
| 3M SOFR+865 |
|
|
| 1,835 |
|
|
| 1,835 |
|
|
| 1,807 |
| |
Sigma Defense Systems, LLC (Revolver) (7), (9) |
| 12/18/2025 |
| IT Services |
|
| — |
|
|
| — |
|
|
| 786 |
|
|
| — |
|
|
| (12 | ) |
Signature Systems Holding Company |
| 05/03/2024 |
| Commercial Services & Supplies |
|
| 12.04 | % |
| 1M L+665 |
|
|
| 9,708 |
|
|
| 9,688 |
|
|
| 9,708 |
| |
Signature Systems Holding Company (Revolver) (9) |
| 05/03/2024 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 1,747 |
|
|
| — |
|
|
| — |
|
Skopima Consilio Parent, LLC |
| 05/17/2028 |
| Business Services |
|
| 9.93 | % |
| 1M SOFR+450 |
|
|
| 600 |
|
|
| 588 |
|
|
| 587 |
| |
Smile Brands Inc. |
| 10/14/2025 |
| Healthcare and Pharmaceuticals |
|
| 9.97 | % |
| 3M SOFR+450 |
|
|
| 2,437 |
|
|
| 2,437 |
|
|
| 2,190 |
| |
Smile Brands Inc. (Revolver) |
| 10/14/2025 |
| Healthcare and Pharmaceuticals |
|
| 10.11 | % |
| 1M SOFR+450 |
|
|
| 1,508 |
|
|
| 1,508 |
|
|
| 1,355 |
| |
Smile Brands Inc. LC (Revolver) (7), (9) |
| 10/14/2025 |
| Healthcare and Pharmaceuticals |
|
| — |
|
|
| — |
|
|
| 108 |
|
|
| — |
|
|
| (11 | ) |
Solutionreach, Inc. |
| 01/17/2024 |
| Healthcare Technology |
|
| 12.37 | % |
| 1M SOFR+700 |
|
|
| 4,657 |
|
|
| 4,650 |
|
|
| 4,638 |
| |
Solutionreach, Inc. (Revolver) (7), (9) |
| 01/17/2024 |
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 833 |
|
|
| — |
|
|
| (3 | ) |
Spendmend Holdings LLC |
| 03/01/2028 |
| Healthcare Technology |
|
| 11.03 | % |
| SOFR + 565 |
|
|
| 2,061 |
|
|
| 2,037 |
|
|
| 2,016 |
| |
Spendmend Holdings LLC - Unfunded Term Loan |
| 03/01/2024 |
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 1,707 |
|
|
| — |
|
|
| (25 | ) |
Spendmend Holdings LLC (Revolver) |
| 03/01/2028 |
| Healthcare Technology |
|
| 11.03 | % |
| 1M SOFR+565 |
|
|
| 357 |
|
|
| 357 |
|
|
| 349 |
| |
Spendmend Holdings LLC (Revolver) (9) |
| 03/01/2028 |
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 535 |
|
|
| — |
|
|
| (12 | ) |
STV Group Incorporated |
| 12/11/2026 |
| Construction & Engineering |
|
| 10.67 | % |
| 1M SOFR+535 |
|
|
| 4,752 |
|
|
| 4,724 |
|
|
| 4,657 |
| |
System Planning and Analysis, Inc. |
| 08/16/2027 |
| Aerospace and Defense |
|
| 11.49 | % |
| 6M SOFR+615 |
|
|
| 18,373 |
|
|
| 18,109 |
|
|
| 18,171 |
| |
System Planning and Analysis, Inc. (Revolver) (9) |
| 08/16/2027 |
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 5,188 |
|
|
| — |
|
|
| (57 | ) |
Teneo Holdings LLC |
| 07/18/2025 |
| Diversified Financial Services |
|
| 10.67 | % |
| 1M SOFR+535 |
|
|
| 5,733 |
|
|
| 5,683 |
|
|
| 5,725 |
| |
The Aegis Technologies Group, LLC |
| 10/31/2025 |
| Aerospace and Defense |
|
| 12.04 | % |
| 3M SOFR+665 |
|
|
| 5,421 |
|
|
| 5,374 |
|
|
| 5,340 |
| |
The Bluebird Group LLC |
| 07/28/2026 |
| Professional Services |
|
| 12.79 | % |
| 3M SOFR+740 |
|
|
| 2,368 |
|
|
| 2,331 |
|
|
| 2,359 |
| |
The Bluebird Group LLC (Revolver) (7), (9) |
| 07/28/2026 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 862 |
|
|
| — |
|
|
| (3 | ) |
The Vertex Companies, LLC (7) |
| 08/30/2027 |
| Construction & Engineering |
|
| 11.67 | % |
| 1M SOFR+635 |
|
|
| 1,979 |
|
|
| 1,949 |
|
|
| 1,961 |
| |
The Vertex Companies, LLC (Revolver) |
| 08/30/2027 |
| Construction & Engineering |
|
| 11.67 | % |
| 1M SOFR+635 |
|
|
| 305 |
|
|
| 305 |
|
|
| 303 |
| |
The Vertex Companies, LLC (Revolver) (7), (9) |
| 08/30/2027 |
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 606 |
|
|
| — |
|
|
| (5 | ) |
TPC Canada Parent, Inc. and TPC US Parent, LLC (5), (10) |
| 11/24/2025 |
| Food Products |
|
| 10.90 | % |
| 3M SOFR+565 |
|
|
| 4,813 |
|
|
| 4,793 |
|
|
| 4,813 |
| |
TWS Acquisition Corporation |
| 06/16/2025 |
| Diversified Consumer Services |
|
| 11.81 | % |
| 3M SOFR+640 |
|
|
| 4,316 |
|
|
| 4,280 |
|
|
| 4,316 |
| |
TWS Acquisition Corporation (Revolver) (7), (9) |
| 06/16/2025 |
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 2,628 |
|
|
| — |
|
|
| — |
|
Tyto Athene, LLC |
| 04/01/2028 |
| IT Services |
|
| 10.90 | % |
| 3M SOFR+565 |
|
|
| 11,928 |
|
|
| 11,803 |
|
|
| 10,879 |
| |
Tyto Athene, LLC (Revolver) (7), (9) |
| 04/01/2026 |
| IT Services |
|
| — |
|
|
| — |
|
|
| 1,040 |
|
|
| — |
|
|
| (94 | ) |
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2023
(Unaudited)
(in thousands, except share data)
Issuer Name |
| Maturity |
|
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| ||||||
Walker Edison Furniture, LLC - Term Loan |
| 03/31/2027 |
|
| Wholesale |
|
| 12.18 | % |
| 1M SOFR+685 |
|
|
| 3,521 |
|
| $ | 3,521 |
|
| $ | 3,521 |
| ||
Walker Edison Furniture Company, LLC - Funded Junior Revolver |
| 03/31/2027 |
|
| Wholesale |
|
| 11.68 | % |
| 1M SOFR+635 |
|
|
| 1,667 |
|
|
| 1,667 |
|
|
| 1,667 |
| ||
Walker Edison Furniture Company, LLC - Unfunded Term Loan |
| 03/31/2027 |
|
| Wholesale |
|
| — |
|
|
| — |
|
|
| 333 |
|
|
| — |
|
|
| — |
| |
Wildcat Buyerco, Inc. |
| 02/27/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| 10.54 | % |
| 3M SOFR+515 |
|
|
| 7,646 |
|
|
| 7,579 |
|
|
| 7,570 |
| ||
Wildcat Buyerco, Inc. (Revolver) (9) |
| 02/27/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 534 |
|
|
| — |
|
|
| (5 | ) | |
Zips Car Wash, LLC |
| 03/01/2024 |
|
| Automobiles |
|
| 12.67 | % |
| 1M SOFR+735 |
|
|
| 13,249 |
|
|
| 13,206 |
|
|
| 12,818 |
| ||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 683,940 |
|
|
| 665,725 |
| ||||
Second Lien Secured Debt—0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Mailsouth Inc. (7) |
| 04/23/2025 |
|
| Media: Advertising, Printing and Publishing |
|
| — |
| (6) |
| — |
|
|
| 1,161 |
|
|
| 965 |
|
|
| - |
| |
QuantiTech LLC |
| 02/04/2027 |
|
| Aerospace and Defense |
|
| 15.50 | % |
| 3M SOFR+1,010 |
|
|
| 150 |
|
|
| 148 |
|
|
| 149 |
| ||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,113 |
|
|
| 149 |
| ||||
Preferred Equity— 1.8% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ad.net Holdings, Inc. (7),(8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 6,720 |
|
|
| 672 |
|
|
| 757 |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (7), (8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 2,018 |
|
|
| 2,018 |
|
|
| 1,633 |
|
Cartessa Aesthetics, LLC (Preferred) (8) |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 1,437,500 |
|
|
| 1,438 |
|
|
| 2,007 |
|
Gauge Lash Coinvest LLC (Preferred) |
|
| — |
|
| Personal Products |
|
| — |
|
|
| — |
|
|
| 108,546 |
|
|
| 586 |
|
|
| 1,319 |
|
Gauge Schlesinger Coinvest LLC (Preferred Equity) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 64 |
|
|
| 64 |
|
|
| 47 |
|
Imagine Topco, LP |
|
| — |
|
| Software |
|
| 8.00 | % |
|
| — |
|
|
| 1,236,027 |
|
|
| 1,236 |
|
|
| 1,246 |
|
Magnolia Topco LP - Class A Preferred Equity |
|
| — |
|
| Automobiles |
|
| — |
|
|
| — |
|
|
| 5 |
|
|
| 5 |
|
|
| 6 |
|
Magnolia Topco LP - Class B Preferred Equity |
|
| — |
|
| Automobiles |
|
| — |
|
|
| — |
|
|
| 28 |
|
|
| 17 |
|
|
| 24 |
|
Mars Intermediate Holdings II, Inc. (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 835 |
|
|
| 835 |
|
|
| 1,112 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) (7) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 733 |
|
|
| 733 |
|
|
| 489 |
|
ORL Holdco, Inc. (7) |
|
| — |
|
| Consumer Finance |
|
| — |
|
|
| — |
|
|
| 1,327 |
|
|
| 133 |
|
|
| - |
|
PL Acquisitionco, LLC (Preferred Equity) |
|
| — |
|
| Textiles, Apparel and Luxury Goods |
|
| — |
|
|
| — |
|
|
| 61 |
|
|
| 61 |
|
|
| 66 |
|
Signature CR Intermediate Holdco, Inc. (7) |
|
| — |
|
| Commercial Services & Supplies |
|
| 12.00 | % |
|
| — |
|
|
| 1,323 |
|
|
| 1,323 |
|
|
| 2,158 |
|
TPC Holding Company, LP (5), (7), (8), (10) |
|
| — |
|
| Food Products |
|
| — |
|
|
| — |
|
|
| 409 |
|
|
| 409 |
|
|
| 598 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) (7) |
|
| — |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 37 |
|
|
| 35 |
|
|
| 45 |
|
UniTek Global Services, Inc. - |
|
| — |
|
| Telecommunications |
|
| 20.00 | % |
|
| — |
|
|
| 343,861 |
|
|
| 344 |
|
|
| 64 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| — |
|
|
| — |
| ||||
Super Senior Preferred Equity (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
UniTek Global Services, Inc. - Senior Preferred Equity (7) |
|
| — |
|
| Telecommunications |
|
| 19.00 | % |
|
| — |
|
|
| 448,851 |
|
|
| 449 |
|
|
| — |
|
UniTek Global Services, Inc. (7) |
|
| — |
|
| Telecommunications |
|
| 13.50 | % |
|
| — |
|
|
| 1,047,317 |
|
|
| 670 |
|
|
| — |
|
Total Preferred Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 11,028 |
|
|
| 11,571 |
| ||||
Common Equity/Warrants— 14.5% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
A1 Garage Equity, LLC |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 647,943 |
|
|
| 648 |
|
|
| 691 |
|
Ad.net Holdings, Inc. (7),(8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 7,467 |
|
|
| 75 |
|
|
| — |
|
Affinion Group Holdings, Inc. (Warrants) |
| 04/10/2024 |
|
| Consumer Goods: Durable |
|
| — |
|
|
| — |
|
|
| 8,893 |
|
|
| 245 |
|
|
| — |
| |
AG Investco LP (7), (8) |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 805,164 |
|
|
| 805 |
|
|
| 1,074 |
|
AG Investco LP (7), (8), (9) |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 194,836 |
|
|
| — |
|
|
| — |
|
Altamira Intermediate Company II, Inc. (7) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 1,437,500 |
|
|
| 1,437 |
|
|
| 1,456 |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (7), (8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 2,018 |
|
|
| — |
|
|
| — |
|
Athletico Holdings, LLC (8) |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 4,678 |
|
|
| 5,000 |
|
|
| 4,516 |
|
BioDerm Holdings, LP |
|
| — |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 1,313 |
|
|
| 1,313 |
|
|
| 1,514 |
|
Burgess Point Holdings, LP |
|
| — |
|
| Auto Components |
|
| — |
|
|
| — |
|
|
| 100 |
|
|
| 100 |
|
|
| 109 |
|
By Light Investco LP (7), (8) |
|
| — |
|
| High Tech Industries |
|
| — |
|
|
| — |
|
|
| 22,789 |
|
|
| 849 |
|
|
| 11,610 |
|
Connatix Parent, LLC (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 38,278 |
|
|
| 421 |
|
|
| 222 |
|
Crane 1 Acquisition Parent Holdings, L.P. (7) |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 130 |
|
|
| 120 |
|
|
| 199 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (8) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 760,273 |
|
|
| 747 |
|
|
| 1,358 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (8),(9) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 244,597 |
|
|
| — |
|
|
| — |
|
eCommission Holding Corporation (7), (10) |
|
| — |
|
| Banking, Finance, Insurance & Real Estate |
|
| — |
|
|
| — |
|
|
| 20 |
|
|
| 251 |
|
|
| 463 |
|
EDS Topco, LP |
|
| — |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 1,125,000 |
|
|
| 1,125 |
|
|
| 1,062 |
|
Exigo, LLC |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 541,667 |
|
|
| 542 |
|
|
| 612 |
|
FedHC InvestCo LP (7),(8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 21,665 |
|
|
| 727 |
|
|
| 3,062 |
|
FedHC InvestCo LP (7),(8),(9) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 7,566 |
|
|
| — |
|
|
| — |
|
Five Star Parent Holdings, LLC |
|
| — |
|
| Hotels, Restaurants and Leisure |
|
| — |
|
|
| — |
|
|
| 655,714 |
|
|
| 656 |
|
|
| 800 |
|
Gauge ETE Blocker, LLC |
|
| — |
|
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 374,444 |
|
|
| 374 |
|
|
| 371 |
|
Gauge Lash Coinvest LLC (7) |
|
| — |
|
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,485,953 |
|
|
| 227 |
|
|
| 6,810 |
|
Gauge Loving Tan, LP |
|
| — |
|
| Personal Products |
|
| — |
|
|
| — |
|
|
| 2,481,781 |
|
|
| 2,482 |
|
|
| 2,088 |
|
Gauge Schlesinger Coinvest LLC (7) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 465 |
|
|
| 476 |
|
|
| 344 |
|
Gauge TVC Coinvest, LLC (TVC Enterprises, LLC) (7) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 391,144 |
|
|
| — |
|
|
| 1,153 |
|
GCOM InvestCo LP (7),(8) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 19,184 |
|
|
| 3,342 |
|
|
| 3,165 |
|
Go Dawgs Capital III, LP |
|
| — |
|
| Building Products |
|
| — |
|
|
| — |
|
|
| 324,675 |
|
|
| 325 |
|
|
| 711 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| — |
|
|
| — |
| ||||
(American Insulated Glass, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Hancock Claims Consultants Investors, LLC (7), (8) |
|
| — |
|
| Insurance |
|
| — |
|
|
| — |
|
|
| 450,000 |
|
|
| 448 |
|
|
| 338 |
|
HPA SPQ Aggregator LP |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 750,399 |
|
|
| 750 |
|
|
| 751 |
|
HV Watterson Holdings, LLC |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 100,000 |
|
|
| 100 |
|
|
| 111 |
|
Icon Partners V C, L.P. |
|
| — |
|
| Internet Software and Services |
|
| — |
|
|
| — |
|
|
| 1,863,863 |
|
|
| 1,864 |
|
|
| 1,671 |
|
Icon Partners V C, L.P. (7), (9) |
|
| — |
|
| Internet Software and Services |
|
| — |
|
|
| — |
|
|
| 636,137 |
|
|
| — |
|
|
| (66 | ) |
IIN Group Holdings, LLC |
|
| — |
|
| Consumer Services |
|
| — |
|
|
| — |
|
|
| 1,000 |
|
|
| 1,000 |
|
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| — |
|
|
| — |
| ||||
(Integrative Nutrition, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Imagine Topco, LP (Common) |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 1,236,027 |
|
|
| — |
|
|
| — |
|
IHS Parent Holdngs, L.P. |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 1,218,045 |
|
|
| 1,218 |
|
|
| 1,642 |
|
Ironclad Holdco, LLC (Applied Technical Services, LLC) (7), (8) |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 5,811 |
|
|
| 573 |
|
|
| 844 |
|
ITC Infusion Co-invest, LP (8) |
|
| — |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 116,032 |
|
|
| 1,160 |
|
|
| 1,268 |
|
ITC Rumba, LLC (Cano Health, LLC) (7),(8) |
|
| — |
|
| Healthcare and Pharmaceuticals |
|
| — |
|
|
| — |
|
|
| 46,763 |
|
|
| 117 |
|
|
| 144 |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
September 30, 2023
(Unaudited)
(in thousands, except share data)
Issuer Name |
| Maturity |
|
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| ||||||
Kentucky Racing Holdco, LLC |
|
| — |
|
| Hotels, Restaurants and Leisure |
|
| — |
|
|
| — |
|
|
| 87,345 |
|
|
| — |
|
|
| 883 |
|
Kinetic Purchaser, LLC |
|
| — |
|
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,734,775 |
|
|
| 1,735 |
|
|
| 2,508 |
|
KL Stockton Co-Invest LP (Any Hour Services) (7),(8) |
|
| — |
|
| Energy Equipment and Services |
|
| — |
|
|
| — |
|
|
| 382,353 |
|
|
| 382 |
|
|
| 775 |
|
Lightspeed Investment Holdco LLC (7) |
|
| — |
|
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 585,587 |
|
|
| 586 |
|
|
| 1,588 |
|
LJ Avalon, LP |
|
| — |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 1,638,043 |
|
|
| 1,638 |
|
|
| 1,736 |
|
Magnolia Topco LP - Class A Common Equity |
|
| — |
|
| Automobiles |
|
| — |
|
|
| — |
|
|
| 5,144 |
|
|
| — |
|
|
| — |
|
Magnolia Topco LP - Class B Common Equity |
|
| — |
|
| Automobiles |
|
| — |
|
|
| — |
|
|
| 28,231 |
|
|
| — |
|
|
| — |
|
Mars Intermediate Holdings II, Inc. (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 835 |
|
|
| — |
|
|
| 468 |
|
MDI Aggregator, LP |
|
| — |
|
| Commodity Chemicals |
|
| — |
|
|
| — |
|
|
| 10,761 |
|
|
| 1,077 |
|
|
| 1,155 |
|
Meadowlark Title, LLC (8) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 819,231 |
|
|
| 805 |
|
|
| — |
|
MSpark, LLC |
|
| — |
|
| Media: Advertising, Printing and Publishing |
|
| — |
|
|
| — |
|
|
| 3,988 |
|
|
| 1,287 |
|
|
| — |
|
Municipal Emergency Services, Inc. (7) |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 1,973,370 |
|
|
| 2,005 |
|
|
| 2,230 |
|
NEPRT Parent Holdings, LLC (Recteq, LLC) (7), (8) |
|
| — |
|
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 1,494 |
|
|
| 1,448 |
|
|
| 101 |
|
NORA Parent Holdings, LLC |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 2,544 |
|
|
| 2,544 |
|
|
| 2,544 |
|
North Haven Saints Equity Holdings, LP (8) |
|
| — |
|
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 223,602 |
|
|
| 224 |
|
|
| 223 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) (7) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 14,960 |
|
|
| 15 |
|
|
| — |
|
OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) (7), (8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 173,638 |
|
|
| 1,614 |
|
|
| 3,768 |
|
OHCP V BC COI, L.P. |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 743,750 |
|
|
| 744 |
|
|
| 650 |
|
OHCP V BC COI, L.P. (8) (9) |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 506,250 |
|
|
| — |
|
|
| (64 | ) |
ORL Holdco, Inc. (7) |
|
| — |
|
| Consumer Finance |
|
| — |
|
|
| — |
|
|
| 1,474 |
|
|
| 15 |
|
|
| — |
|
PennantPark-TSO Senior Loan Fund, LP (7) |
|
| — |
|
| Financial Services |
|
| — |
|
|
| — |
|
|
| 11,167,847 |
|
|
| 11,168 |
|
|
| 9,345 |
|
LEP Pequod Holdings, LP |
|
| — |
|
| Financial Services |
|
| — |
|
|
| — |
|
|
| 350 |
|
|
| 865 |
|
|
| 1,006 |
|
Pink Lily Holdco, LLC (PL Acquisitions, LLC) (8) |
|
| — |
|
| Textiles, Apparel and Luxury Goods |
|
| — |
|
|
| — |
|
|
| 1,735 |
|
|
| 1,735 |
|
|
| 55 |
|
Pragmatic Institute, LLC |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 610,583 |
|
|
| 611 |
|
|
| 238 |
|
Quad (U.S.) Co-Invest, L.P. |
|
|
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 266,864 |
|
|
| 267 |
|
|
| 312 |
| |
QuantiTech InvestCo LP (7), (8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 712 |
|
|
| 68 |
|
|
| 446 |
|
QuantiTech InvestCo LP (7), (8), (9) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 955 |
|
|
| — |
|
|
| — |
|
QuantiTech InvestCo II LP (7), (8), |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 40 |
|
|
| 24 |
|
|
| 26 |
|
RFMG Parent, LP (Rancho Health MSO, Inc.) (7) |
|
| — |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 1,050,000 |
|
|
| 1,050 |
|
|
| 1,052 |
|
SBI Holdings Investments LLC (Sales Benchmark Index LLC) (7), (8) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 64,634 |
|
|
| 646 |
|
|
| 515 |
|
Seaway Topco, LP |
|
|
|
| Chemicals, Plastics and Rubber |
|
| — |
|
|
| — |
|
|
| 296 |
|
|
| 296 |
|
|
| 235 |
| |
Signature CR Intermediate Holdco, Inc. (7) |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 70 |
|
|
| 70 |
|
|
| 1,784 |
|
SP L2 Holdings, LLC (Ledge Lounger, Inc.) |
|
| — |
|
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 360,103 |
|
|
| 360 |
|
|
| 247 |
|
SSC Dominion Holdings, LLC |
|
| — |
|
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 24 |
|
|
| 23 |
|
|
| 1,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| — |
|
|
| — |
| ||||
Class B (US Dominion, Inc.) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
StellPen Holdings, LLC (CF512, Inc.) (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 161,538 |
|
|
| 161 |
|
|
| 178 |
|
TAC LifePort Holdings, LLC (7),(8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 533,833 |
|
|
| 524 |
|
|
| 850 |
|
Tower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC)(8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 219,056 |
|
|
| 206 |
|
|
| 388 |
|
Tower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC)(8) (9) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 146,550 |
|
|
| — |
|
|
| — |
|
TPC Holding Company, LP (5), (7), (8), (10) |
|
| — |
|
| Food Products |
|
| — |
|
|
| — |
|
|
| 21,527 |
|
|
| 21 |
|
|
| 212 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) (7) |
|
| — |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 749 |
|
|
| 1 |
|
|
| 1 |
|
UniTek Global Services, Inc.(C) |
|
| — |
|
| Telecommunications |
|
| — |
|
|
| — |
|
|
| 213,739 |
|
|
| — |
|
|
| — |
|
UniTek Global Services, Inc. (W) |
|
| — |
|
| Telecommunications |
|
| — |
|
|
| — |
|
|
| 23,889 |
|
|
| — |
|
|
| — |
|
UniVista Insurance (7),(8) |
|
| — |
|
| Insurance |
|
| — |
|
|
| — |
|
|
| 400 |
|
|
| 362 |
|
|
| 555 |
|
Urology Partners Co., L.P. |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 694,444 |
|
|
| 694 |
|
|
| 653 |
|
Walker Edison Holdco LLC |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 36,458 |
|
|
| 3,393 |
|
|
| 1,766 |
|
WCP IvyRehab QP CF Feeder, LP(8) |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 3,715,012 |
|
|
| 3,754 |
|
|
| 4,319 |
|
WCP IvyRehab QP CF Feeder, LP (8), (9) |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 284,988 |
|
|
| — |
|
|
| — |
|
Wildcat Parent, LP (Wildcat Buyerco, Inc.) (7), (8) |
|
| — |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 2,240 |
|
|
| 224 |
|
|
| 794 |
|
Total Common Equity/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 72,159 |
|
|
| 94,733 |
| ||||
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
| 768,240 |
|
|
| 772,178 |
| |||||||||
Investments in Controlled, Affiliated Portfolio Companies—45.1% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
First Lien Secured Debt—36.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Marketplace Events, LLC - Super Priority First Lien Term Loan (7) |
| 09/30/2025 |
|
| Media: Diversified and Production |
|
| 10.94 | % |
| 3M SOFR+550 |
|
|
| 3,582 |
|
|
| 3,582 |
|
|
| 3,582 |
| ||
Marketplace Events, LLC - Super Priority First Lien (7), (9) |
| 09/30/2025 |
|
| Media: Diversified and Production |
|
| — |
|
|
| — |
|
|
| 3,261 |
|
|
| — |
|
|
| — |
| |
Marketplace Events, LLC |
| 09/30/2026 |
|
| Media: Diversified and Production |
|
| 10.94 | % |
| 3M SOFR+550 |
|
|
| 26,771 |
|
|
| 20,931 |
|
|
| 26,770 |
| ||
PennantPark Senior Secured Loan Fund I LLC (7), (9), (10) |
| 05/06/2024 |
|
| Financial Services |
|
| 13.33 | % |
| 3M SOFR+800 |
|
|
| 210,088 |
|
|
| 210,088 |
|
|
| 210,088 |
| ||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 234,601 |
|
|
| 240,440 |
| ||||
Equity Interests—8.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
New MPE Holdings, LLC (Marketplace Events, LLC) (7),(8) |
|
| — |
|
| Media: Diversified and Production |
|
| — |
|
|
| — |
|
|
| 349 |
|
|
| — |
|
|
| 3,675 |
|
PennantPark Senior Secured Loan Fund I LLC (7), (9), (10) |
|
| — |
|
| Financial Services |
|
| — |
|
|
| — |
|
|
| 90,038 |
|
|
| 90,038 |
|
|
| 50,881 |
|
Total Equity Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 90,038 |
|
|
| 54,556 |
| ||||
Total Investments in Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
| 324,639 |
|
|
| 294,996 |
| |||||||||
Total Investments—163.3% |
|
|
|
|
|
|
|
|
|
|
| 1,092,878 |
|
|
| 1,067,174 |
| |||||||||
Cash and Cash Equivalents—15.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Money Market - BlackRock Federal FD Institutional 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 99,989 |
|
|
| 99,989 |
| ||||
Total Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 99,989 |
|
|
| 99,989 |
| ||||
Total Investments and Cash Equivalents—178.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 1,192,867 |
|
| $ | 1,167,163 |
| ||||
Liabilities in Excess of Other Assets—(78.6)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (513,558 | ) | |||||
Net Assets—100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 653,605 |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2022
(in thousands, except share data)
Issuer Name |
| Maturity |
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| |||||
Investments in Non-Controlled, Non-Affiliated Portfolio Companies—169.5% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||
First Lien Secured Debt—149.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ad.net Acquisition, LLC |
| 05/06/2026 |
| Media |
|
| 9.67 | % |
| 3M L+600 |
|
|
| 4,938 |
|
| $ | 4,882 |
|
| $ | 4,900 |
| |
Ad.net Acquisition, LLC (Revolver) (7), (9) |
| 05/06/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,244 |
|
|
| — |
|
|
| (9 | ) |
Altamira Technologies, LLC |
| 07/24/2025 |
| IT Services |
|
| 10.81 | % |
| 3M L+800 |
|
|
| 4,794 |
|
|
| 4,756 |
|
|
| 4,626 |
| |
Altamira Technologies, LLC (Revolver) (7) |
| 07/24/2025 |
| IT Services |
|
| 11.67 | % |
| 3M L+800 |
|
|
| 575 |
|
|
| 575 |
|
|
| 555 |
| |
Altamira Technologies, LLC (Revolver) (7), (9) |
| 07/24/2025 |
| IT Services |
|
| — |
|
|
| — |
|
|
| 1,581 |
|
|
| — |
|
|
| (55 | ) |
American Insulated Glass, LLC |
| 12/21/2023 |
| Building Products |
|
| 7.79 | % |
| 3M L+550 |
|
|
| 7,601 |
|
|
| 7,559 |
|
|
| 7,601 |
| |
American Teleconferencing Services, Ltd.(7) |
| 06/08/2023 |
| Telecommunications |
| 0.00% |
| (6) |
| — |
|
|
| 7,986 |
|
|
| 7,915 |
|
|
| 90 |
| |
American Teleconferencing Services, Ltd. (Revolver) (7) |
| 12/08/2022 |
| Telecommunications |
| 0.00% |
| (6) |
| — |
|
|
| 1,656 |
|
|
| 1,642 |
|
|
| 17 |
| |
Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) |
| 06/10/2025 |
| Media |
|
| 9.85 | % |
| 3M L+625 |
|
|
| 14,104 |
|
|
| 13,951 |
|
|
| 13,892 |
| |
Anteriad, LLC (f/k/a MeritDirect, LLC) |
| 05/23/2024 |
| Media |
|
| 9.17 | % |
| 3M L+550 |
|
|
| 14,568 |
|
|
| 14,486 |
|
|
| 14,568 |
| |
Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver) (7), (9) |
| 05/23/2024 |
| Media |
|
| — |
|
|
| — |
|
|
| 2,869 |
|
|
| — |
|
|
| — |
|
Any Hour Services |
| 07/21/2027 |
| Energy Equipment and Services |
|
| 7.43 | % |
| 3M L+525 |
|
|
| 10,536 |
|
|
| 10,432 |
|
|
| 10,326 |
| |
Any Hour Services (Revolver) (7), (9) |
| 07/21/2027 |
| Energy Equipment and Services |
|
| — |
|
|
| — |
|
|
| 1,147 |
|
|
| — |
|
|
| (23 | ) |
Apex Service Partners, LLC |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 6.72 | % |
| 1M L+525 |
|
|
| 6,208 |
|
|
| 6,166 |
|
|
| 6,177 |
| |
Apex Service Partners, LLC Term Loan B |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 9.67 | % |
| 1M L+550 |
|
|
| 296 |
|
|
| 296 |
|
|
| 295 |
| |
Apex Service Partners, LLC Term Loan C |
| 07/31/2025 |
| Diversified Consumer Services |
|
| 7.75 | % |
| 1M L+525 |
|
|
| 12,906 |
|
|
| 12,814 |
|
|
| 12,841 |
| |
Apex Service Partners, LLC (Revolver) (7), (9) |
| 07/31/2025 |
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 1,845 |
|
|
| — |
|
|
| (9 | ) |
API Holding III Corp. |
| 05/11/2026 |
| Electronic Equipment, Instruments, and Components |
|
| 7.92 | % |
| 1M L+425 |
|
|
| 5,805 |
|
|
| 5,785 |
|
|
| 5,050 |
| |
Applied Technical Services, LLC |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| 9.42 | % |
| 3M L+575 |
|
|
| 7,147 |
|
|
| 7,040 |
|
|
| 6,968 |
| |
Applied Technical Services, LLC (Unfunded Term Loan) |
| 04/21/2023 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 2,298 |
|
|
| — |
|
|
| (32 | ) |
Applied Technical Services, LLC (Revolver) (7) |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| 10.25 | % |
| 3M L+475 |
|
|
| 255 |
|
|
| 255 |
|
|
| 248 |
| |
Applied Technical Services, LLC (Revolver) (7), (9) |
| 12/29/2026 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 1,018 |
|
|
| — |
|
|
| (25 | ) |
Arcfield Acquisition Corp. (Revolver) (9) |
| 03/07/2028 |
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 887 |
|
|
| — |
|
|
| (18 | ) |
Beta Plus Technologies, Inc. |
| 07/01/2029 |
| Internet Software and Services |
|
| 7.76 | % |
| 1M L+525 |
|
|
| 5,000 |
|
|
| 4,901 |
|
|
| 4,900 |
| |
Blackhawk Industrial Distribution, Inc. |
| 09/17/2024 |
| Distributors |
|
| 8.33 | % |
| 3M L+500 |
|
|
| 25 |
|
|
| 25 |
|
|
| 25 |
| |
Blackhawk Industrial Distribution, Inc. (7),(9) |
| 09/17/2024 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 3,232 |
|
|
| — |
|
|
| (40 | ) |
Blackhawk Industrial Distribution, Inc. (Revolver) (7) |
| 09/17/2024 |
| Distributors |
|
| 8.87 | % |
| 3M L+500 |
|
|
| 549 |
|
|
| 549 |
|
|
| 533 |
| |
Blackhawk Industrial Distribution, Inc. (9) |
| 09/17/2024 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 2,195 |
|
|
| — |
|
|
| (62 | ) |
Broder Bros., Co. |
| 12/02/2022 |
| Textiles, Apparel and Luxury Goods |
|
| 7.39 | % |
| 3M L+600 |
|
|
| 3,405 |
|
|
| 3,405 |
|
|
| 3,405 |
| |
By Light Professional IT Services, LLC |
| 05/16/2024 |
| High Tech Industries |
|
| 9.26 | % |
| 3M L+625 |
|
|
| 27,533 |
|
|
| 27,331 |
|
|
| 27,257 |
| |
By Light Professional IT Services, LLC (Revolver) |
| 05/16/2024 |
| High Tech Industries |
|
| 9.75 | % |
| 3M L+663 |
|
|
| 877 |
|
|
| 877 |
|
|
| 868 |
| |
By Light Professional IT Services, LLC (Revolver) (9) |
| 05/16/2024 |
| High Tech Industries |
|
| — |
|
|
| — |
|
|
| 3,189 |
|
|
| — |
|
|
| (32 | ) |
Cadence Aerospace, LLC (7) |
| 11/14/2023 |
| Aerospace and Defense |
|
| 11.31 | % |
| 3M L+850 |
|
|
| 3,033 |
|
|
| 3,024 |
|
|
| 3,003 |
| |
|
|
|
|
|
| (PIK 9.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Cartessa Aesthetics, LLC |
| 05/13/2028 |
| Distributors |
|
| 9.55 | % |
| 1M L+600 |
|
|
| 16,459 |
|
|
| 16,143 |
|
|
| 16,212 |
| |
Cartessa Aesthetics, LLC (Revolver) (7) |
| 05/13/2028 |
| Distributors |
|
| 9.55 | % |
| 1M L+600 |
|
|
| 511 |
|
|
| 511 |
|
|
| 503 |
| |
Cartessa Aesthetics, LLC (Revolver) (7)(9) |
| 05/13/2028 |
| Distributors |
|
| — |
|
|
|
|
|
| 927 |
|
|
| - |
|
|
| (14 | ) | |
CF512, Inc. |
| 08/20/2026 |
| Media |
|
| 9.28 | % |
| 3M L+600 |
|
|
| 8,098 |
|
|
| 7,988 |
|
|
| 7,976 |
| |
CF512, Inc. (7), (9) |
| 08/20/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 191 |
|
|
| — |
|
|
| (1 | ) |
CF512, Inc. (Revolver) (7), (9) |
| 08/20/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 955 |
|
|
| — |
|
|
| (14 | ) |
CHA Holdings, Inc. |
| 04/10/2025 |
| Environmental Industries |
|
| 8.17 | % |
| 3M L+450 |
|
|
| 1,581 |
|
|
| 1,577 |
|
|
| 1,581 |
| |
Challenger Performance Optimization, Inc. (Revolver) (7), (9) |
| 08/31/2023 |
| Business Services |
|
| 9.27 | % |
| 1M L+675 |
|
|
| 357 |
|
|
| 357 |
|
|
| 346 |
| |
Challenger Performance Optimization, Inc. (Revolver) (7), (9) |
| 08/31/2023 |
| Business Services |
|
| — |
|
|
| — |
|
|
| 356 |
|
|
| — |
|
|
| (11 | ) |
Compex Legal Services, Inc. |
| 02/09/2026 |
| Professional Services |
|
| 8.83 | % |
| 3M L+525 |
|
|
| 8,038 |
|
|
| 8,010 |
|
|
| 8,038 |
| |
Compex Legal Services, Inc. (Revolver) (7) |
| 02/07/2025 |
| Professional Services |
|
| 8.92 | % |
| 3M L+525 |
|
|
| 773 |
|
|
| 773 |
|
|
| 773 |
| |
Compex Legal Services, Inc. (Revolver) (7), (9) |
| 02/07/2025 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 633 |
|
|
| — |
|
|
| — |
|
Connatix Buyer, Inc. |
| 07/13/2027 |
| Media |
|
| 8.42 | % |
| 3M L+550 |
|
|
| 3,907 |
|
|
| 3,841 |
|
|
| 3,810 |
| |
Connatix Buyer, Inc. (7), (9) |
| 01/13/2023 |
| Media |
|
| — |
|
|
| — |
|
|
| 2,105 |
|
|
| — |
|
|
| (32 | ) |
Connatix Buyer, Inc. (7), (9) |
| 07/13/2027 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,234 |
|
|
| — |
|
|
| (30 | ) |
Crane 1 Services, Inc. |
| 08/16/2027 |
| Commercial Services & Supplies |
|
| 9.39 | % |
| 3M L+575 |
|
|
| 891 |
|
|
| 885 |
|
|
| 882 |
| |
Crane 1 Services, Inc. (Revolver) (7) |
| 08/16/2027 |
| Commercial Services & Supplies |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 224 |
|
|
| 224 |
|
|
| 222 |
| |
Crane 1 Services, Inc. (Revolver) (7) |
| 08/16/2027 |
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 112 |
|
|
| — |
|
|
| (1 | ) |
Douglas Products and Packaging Company LLC |
| 10/19/2022 |
| Chemicals, Plastics and Rubber |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 6,477 |
|
|
| 6,476 |
|
|
| 6,477 |
| |
Douglas Products and Packaging Company LLC (Revolver) |
| 10/19/2022 |
| Chemicals, Plastics and Rubber |
|
| 11.00 | % |
| P+475 |
|
|
| 2,627 |
|
|
| 2,627 |
|
|
| 2,627 |
| |
Douglas Products and Packaging Company LLC (Revolver) (9) |
| 10/19/2022 |
| Chemicals, Plastics and Rubber |
|
| — |
|
|
| — |
|
|
| 3,425 |
|
|
| — |
|
|
| — |
|
Douglas Sewer Intermediate, LLC |
| 10/19/2022 |
| Chemicals, Plastics and Rubber |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 3,920 |
|
|
| 3,920 |
|
|
| 3,920 |
| |
Dr. Squatch, LLC |
| 08/31/2027 |
| Personal Products |
|
| 9.42 | % |
| 3M L+600 |
|
|
| 4,428 |
|
|
| 4,356 |
|
|
| 4,362 |
| |
Dr. Squatch, LLC (Revolver) (7) |
| 08/31/2027 |
| Personal Products |
|
| 8.95 | % |
| 3M L+600 |
|
|
| 1,118 |
|
|
| 1,118 |
|
|
| 1,101 |
| |
Dr. Squatch, LLC (Revolver) (7), (9) |
| 08/31/2027 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 2,236 |
|
|
| — |
|
|
| (34 | ) |
DRS Holdings III, Inc. |
| 11/03/2025 |
| Personal Products |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 17,111 |
|
|
| 16,993 |
|
|
| 16,564 |
| |
DRS Holdings III, Inc. (Revolver) (7), (9) |
| 11/03/2025 |
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,426 |
|
|
| — |
|
|
| (46 | ) |
Duraco Specialty Tapes LLC |
| 06/30/2024 |
| Containers and Packaging |
|
| 8.62 | % |
| 3M L+550 |
|
|
| 3,247 |
|
|
| 3,208 |
|
|
| 3,169 |
| |
ECL Entertainment, LLC |
| 05/01/2028 |
| Hotels, Restaurants and Leisure |
|
| 10.62 | % |
| 1M L+750 |
|
|
| 5,203 |
|
|
| 5,158 |
|
|
| 5,125 |
| |
ECM Industries, LLC (Revolver) |
| 12/23/2025 |
| Electronic Equipment, Instruments, and Components |
|
| 8.00 | % |
| 1M L+475 |
|
|
| 514 |
|
|
| 514 |
|
|
| 490 |
| |
ECM Industries, LLC (Revolver) (9) |
| 12/23/2025 |
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 400 |
|
|
| — |
|
|
| (19 | ) |
eCommission Financial Services, Inc. (10) |
| 10/05/2023 |
| Banking, Finance, Insurance & Real Estate |
|
| 7.63 | % |
| 1M L+500 |
|
|
| 5,837 |
|
|
| 5,837 |
|
|
| 5,837 |
| |
eCommission Financial Services, Inc. (Revolver) (7), (10) |
| 10/05/2023 |
| Banking, Finance, Insurance & Real Estate |
|
| 7.63 | % |
| 1M L+500 |
|
|
| 2,500 |
|
|
| 2,500 |
|
|
| 2,500 |
| |
eCommission Financial Services, Inc. (Revolver) (7), (9), (10) |
| 10/05/2023 |
| Banking, Finance, Insurance & Real Estate |
|
| — |
|
|
| — |
|
|
| 2,500 |
|
|
| — |
|
|
| — |
|
Efficient Collaborative Retail Marketing Company, LLC |
| 06/15/2024 |
| Media: Diversified and Production |
|
| 10.42 | % |
| 3M L+675 |
|
|
| 7,150 |
|
|
| 7,123 |
|
|
| 6,936 |
| |
Exigo Intermediate II, LLC (9) |
| 03/15/2024 |
| Software |
|
| — |
|
|
| — |
|
|
| 2,758 |
|
|
| — |
|
|
| (41 | ) |
Exigo Intermediate II, LLC (Revolver) |
| 03/15/2027 |
| Software |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 138 |
|
|
| 138 |
|
|
| 135 |
| |
Exigo Intermediate II, LLC (Revolver) (9) |
| 03/15/2027 |
| Software |
|
| — |
|
|
| — |
|
|
| 552 |
|
|
| — |
|
|
| (12 | ) |
Findex Group Limited (5)(10)(11) |
| 05/31/2024 |
| Diversified Financial Services |
|
| 7.17 | % |
| 3M L+450 |
|
|
| AUD 10,000 |
|
|
| 7,399 |
|
|
| 6,430 |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(in thousands, except share data)
Issuer Name |
| Maturity |
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| |||||
Gantech Acquisition Corp. |
| 05/14/2026 |
| IT Services |
|
| 9.37 | % |
| 1M L+625 |
|
|
| 21,982 |
|
| $ | 21,632 |
|
| $ | 21,322 |
| |
Gantech Acquisition Corp. (Revolver) (7) |
| 05/14/2026 |
| IT Services |
|
| 9.37 | % |
| 1M L+625 |
|
|
| 249 |
|
|
| 249 |
|
|
| 241 |
| |
Gantech Acquisition Corp. (Revolver) (7), (9) |
| 05/14/2026 |
| IT Services |
|
| — |
|
|
| — |
|
|
| 3,484 |
|
|
| — |
|
|
| (105 | ) |
Global Holdings InterCo LLC |
| 03/16/2026 |
| Diversified Financial Services |
|
| 8.74 | % |
| 3M L+600 |
|
|
| 3,427 |
|
|
| 3,388 |
|
|
| 3,273 |
| |
Graffiti Buyer, Inc. (7), (9) |
| 08/10/2023 |
| Trading Companies & Distributors |
|
| — |
|
|
| — |
|
|
| 1,071 |
|
|
| — |
|
|
| (24 | ) |
Graffiti Buyer, Inc. (Revolver) (7) |
| 08/10/2027 |
| Trading Companies & Distributors |
|
| 8.92 | % |
| 3M L+575 |
|
|
| 418 |
|
|
| 418 |
|
|
| 401 |
| |
Graffiti Buyer, Inc. (Revolver) (7), (9) |
| 08/10/2027 |
| Trading Companies & Distributors |
|
| — |
|
|
| — |
|
|
| 447 |
|
|
| — |
|
|
| (18 | ) |
Hancock Roofing and Construction L.L.C. |
| 12/31/2026 |
| Insurance |
|
| 8.67 | % |
| 3M L+500 |
|
|
| 4,441 |
|
|
| 4,378 |
|
|
| 4,374 |
| |
Hancock Roofing and Construction L.L.C. (7), (9) |
| 12/31/2022 |
| Insurance |
|
| — |
|
|
| — |
|
|
| 400 |
|
|
| — |
|
|
| (6 | ) |
Hancock Roofing and Construction L.L.C. (Revolver) (7) |
| 12/31/2026 |
| Insurance |
|
| 7.82 | % |
| 3M L+500 |
|
|
| 270 |
|
|
| 270 |
|
|
| 266 |
| |
Hancock Roofing and Construction L.L.C. (Revolver) (7), (9) |
| 12/31/2026 |
| Insurance |
|
| — |
|
|
|
|
|
| 480 |
|
|
| — |
|
|
| (7 | ) | |
Holdco Sands Intermediate, LLC |
| 11/23/2028 |
| Aerospace and Defense |
|
| 10.17 | % |
| 3M L+600 |
|
|
| 4,963 |
|
|
| 4,872 |
|
|
| 4,863 |
| |
Holdco Sands Intermediate, LLC (Revolver) (9) |
| 11/23/2027 |
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 1,791 |
|
|
| — |
|
|
| (36 | ) |
HW Holdco, LLC |
| 12/10/2024 |
| Media |
|
| 6.00 | % |
| 1M L+500 |
|
|
| 8,457 |
|
|
| 8,416 |
|
|
| 8,352 |
| |
HW Holdco, LLC (9) |
| 12/10/2024 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,686 |
|
|
| — |
|
|
| (4 | ) |
HW Holdco, LLC (Revolver) (7), (9) |
| 12/10/2024 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,452 |
|
|
| — |
|
|
| (18 | ) |
IDC Infusion Services, Inc. |
| 12/30/2026 |
| Healthcare Equipment and Supplies |
|
| 10.44 | % |
| 3M L+700 |
|
|
| 5,723 |
|
|
| 5,616 |
|
|
| 5,506 |
| |
IDC Infusion Services, Inc. (Revolver) (9) |
| 12/30/2026 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 4,167 |
|
|
| — |
|
|
| (188 | ) |
IG Investments Holdings, LLC (7) |
| 09/22/2028 |
| Professional Services |
|
| 9.45 | % |
| 3M L+600 |
|
|
| 4,473 |
|
|
| 4,390 |
|
|
| 4,429 |
| |
IG Investments Holdings, LLC (Revolver) (7), (9) |
| 09/22/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 477 |
|
|
| — |
|
|
| (5 | ) |
Imagine Acquisitionco, LLC |
| 11/15/2027 |
| Software |
|
| 8.42 | % |
| 3M L+550 |
|
|
| 3,979 |
|
|
| 3,909 |
|
|
| 3,879 |
| |
Imagine Acquisitionco, LLC (9) |
| 11/15/2027 |
| Software |
|
| — |
|
|
| — |
|
|
| 1,657 |
|
|
| — |
|
|
| (25 | ) |
Imagine Acquisitionco, LLC (Revolver) (9) |
| 11/15/2027 |
| Software |
|
| — |
|
|
| — |
|
|
| 1,193 |
|
|
| — |
|
|
| (30 | ) |
Inception Fertility Ventures, LLC |
| 12/07/2023 |
| Healthcare Providers and Services |
|
| 10.13 | % |
| 3M L+715 |
|
|
| 14,954 |
|
|
| 14,711 |
|
|
| 14,804 |
| |
Infolinks Media Buyco, LLC |
| 11/01/2026 |
| Media |
|
| 9.42 | % |
| 3M L+575 |
|
|
| 2,625 |
|
|
| 2,581 |
|
|
| 2,625 |
| |
Infolinks Media Buyco, LLC (9) |
| 11/01/2023 |
| Media |
|
| — |
|
|
| — |
|
|
| 969 |
|
|
| — |
|
|
| 10 |
|
Integrative Nutrition, LLC |
| 09/29/2023 |
| Consumer Services |
|
| 8.42 | % |
| 3M L+450 |
|
|
| 15,636 |
|
|
| 15,600 |
|
|
| 15,323 |
| |
Integrative Nutrition, LLC (Revolver) (7), (9) |
| 09/29/2023 |
| Consumer Services |
|
| — |
|
|
| — |
|
|
| 5,000 |
|
|
| — |
|
|
| — |
|
Integrity Marketing Acquisition, LLC (7) |
| 08/27/2025 |
| Insurance |
|
| 7.58 | % |
| SOFR+550 |
|
|
| 15,825 |
|
|
| 15,697 |
|
|
| 15,667 |
| |
ITI Holdings, Inc. (Revolver) |
| 03/03/2028 |
| IT Services |
|
| 8.25 | % |
| 3M L+550 |
|
|
| 133 |
|
|
| 133 |
|
|
| 130 |
| |
ITI Holdings, Inc. (Revolver) (9) |
| 03/03/2028 |
| IT Services |
|
| — |
|
|
| — |
|
|
| 532 |
|
|
| — |
|
|
| (11 | ) |
K2 Pure Solutions NoCal, L.P. (Revolver) (7), (9) |
| 12/20/2023 |
| Chemicals, Plastics and Rubber |
|
| — |
|
|
| — |
|
|
| 1,429 |
|
|
| — |
|
|
| — |
|
Kinetic Purchaser, LLC |
| 11/10/2027 |
| Personal Products |
|
| 9.67 | % |
| 3M L+600 |
|
|
| 17,428 |
|
|
| 17,120 |
|
|
| 17,079 |
| |
Kinetic Purchaser, LLC - (Revolver) (9) |
| 11/10/2026 |
| Personal Products |
|
| 9.67 | % |
| 3M L+600 |
|
|
| 3,435 |
|
|
| 3,435 |
|
|
| 3,366 |
| |
Lash OpCo, LLC |
| 02/18/2027 |
| Personal Products |
|
| 11.17 | % |
| 1M L+700 |
|
|
| 10,511 |
|
|
| 10,323 |
|
|
| 10,300 |
| |
Lash OpCo, LLC (Revolver) (7) |
| 08/16/2026 |
| Personal Products |
|
| 9.38 | % |
| 1M L+700 |
|
|
| 599 |
|
|
| 599 |
|
|
| 587 |
| |
Lash OpCo, LLC (Revolver) (7), (9) |
| 08/16/2026 |
| Personal Products |
|
| — |
|
|
|
|
|
| 1,321 |
|
|
| — |
|
|
| (26 | ) | |
LAV Gear Holdings, Inc. |
| 10/31/2024 |
| Capital Equipment |
|
| 9.95 | % |
| 1M L+750 |
|
|
| 9,565 |
|
|
| 9,542 |
|
|
| 9,345 |
| |
|
|
|
|
|
| (PIK 5.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
LAV Gear Holdings, Inc. (Revolver) (7) |
| 10/31/2024 |
| Capital Equipment |
|
| 9.95 | % |
| 1M L+750 |
|
|
| 1,721 |
|
|
| 1,721 |
|
|
| 1,681 |
| |
|
|
|
|
|
| (PIK 5.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ledge Lounger, Inc. |
| 11/09/2026 |
| Leisure Products |
|
| 9.92 | % |
| 3M L+625 |
|
|
| 3,747 |
|
|
| 3,683 |
|
|
| 3,691 |
| |
Ledge Lounger, Inc. (Revolver) (9) |
| 11/09/2026 |
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 789 |
|
|
| — |
|
|
| (12 | ) |
Lightspeed Buyer Inc. |
| 02/03/2026 |
| Healthcare Technology |
|
| 8.87 | % |
| 1M L+575 |
|
|
| 24,357 |
|
|
| 24,065 |
|
|
| 23,566 |
| |
Lightspeed Buyer Inc. (Revolver) (7) |
| 02/03/2026 |
| Healthcare Technology |
|
| 8.87 | % |
| 1M L+575 |
|
|
| 1,083 |
|
|
| 1,083 |
|
|
| 1,048 |
| |
Lightspeed Buyer Inc. (Revolver) (7) (9) |
| 02/03/2026 |
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 1,416 |
|
|
| — |
|
|
| (46 | ) |
Lucky Bucks, LLC |
| 07/20/2027 |
| Hotels, Restaurants and Leisure |
|
| 8.31 | % |
| 3M L+550 |
|
|
| 4,331 |
|
|
| 4,258 |
|
|
| 3,183 |
| |
MAG DS Corp. |
| 04/01/2027 |
| Aerospace and Defense |
|
| 9.17 | % |
| 1M L+550 |
|
|
| 3,714 |
|
|
| 3,576 |
|
|
| 3,379 |
| |
Mars Acquisition Holdings Corp. |
| 05/14/2026 |
| Media |
|
| 8.62 | % |
| 3M L+550 |
|
|
| 6,052 |
|
|
| 5,958 |
|
|
| 6,022 |
| |
Mars Acquisition Holdings Corp. (Revolver)(7)(9) |
| 05/14/2026 |
| Media |
|
| — |
|
|
| — |
|
|
| 1,624 |
|
|
| — |
|
|
| (8 | ) |
MBS Holdings, Inc. (Revolver)(7)(9) |
| 04/16/2027 |
| Internet Software and Services |
|
| — |
|
|
| — |
|
|
| 1,157 |
|
|
| — |
|
|
| (12 | ) |
MDI Buyer, Inc. - Unfunded Term Loan |
| 07/25/2028 |
| Commodity Chemicals |
|
| — |
|
|
| — |
|
|
| 1,804 |
|
|
| — |
|
|
| (18 | ) |
MDI Buyer, inc. (Revolver) (9) |
| 07/25/2028 |
| Commodity Chemicals |
|
| — |
|
|
| — |
|
|
| 773 |
|
|
| — |
|
|
| (8 | ) |
Meadowlark Acquirer, LLC |
| 12/10/2027 |
| Professional Services |
|
| 9.17 | % |
| 3M L+550 |
|
|
| 1,319 |
|
|
| 1,306 |
|
|
| 1,305 |
| |
Meadowlark Acquirer, LLC - Term Loan I (9) |
| 12/10/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,782 |
|
|
| — |
|
|
| — |
|
Meadowlark Acquirer, LLC - Term Loan II (9) |
| 12/10/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 9,483 |
|
|
| — |
|
|
| — |
|
Meadowlark Acquirer, LLC (Revolver) (9) |
| 12/10/2027 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,693 |
|
|
| — |
|
|
| (17 | ) |
Mission Critical Electronics, Inc. |
| 03/28/2024 |
| Capital Equipment |
|
| 8.03 | % |
| SOFR +500 |
|
|
| 3,430 |
|
|
| 3,395 |
|
|
| 3,389 |
| |
Mission Critical Electronics, Inc. (9) |
| 03/28/2024 |
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 883 |
|
|
| — |
|
|
| (7 | ) |
Mission Critical Electronics, Inc. (Revolver) (7) |
| 03/28/2024 |
| Capital Equipment |
|
| 6.67 | % |
| 1M L+500 |
|
|
| 557 |
|
|
| 557 |
|
|
| 550 |
| |
Mission Critical Electronics, Inc. (Revolver) (7), (9) |
| 03/28/2024 |
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 769 |
|
|
| — |
|
|
| (9 | ) |
Municipal Emergency Services, Inc. (7) |
| 09/28/2027 |
| Distributors |
|
| 8.67 | % |
| 3M L+500 |
|
|
| 354 |
|
|
| 351 |
|
|
| 334 |
| |
Municipal Emergency Services, Inc. (7), (9) |
| 09/28/2027 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 592 |
|
|
| — |
|
|
| (29 | ) |
Municipal Emergency Services, Inc. (Revolver) (7) |
| 09/28/2027 |
| Distributors |
|
| 8.67 | % |
| 3M L+500 |
|
|
| 142 |
|
|
| 142 |
|
|
| 134 |
| |
Municipal Emergency Services, Inc. (Revolver) (7), (9) |
| 09/28/2027 |
| Distributors |
|
| — |
|
|
| — |
|
|
| 805 |
|
|
| — |
|
|
| (47 | ) |
NBH Group LLC (Revolver) (7), (9) |
| 08/19/2026 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 1,677 |
|
|
| — |
|
|
| — |
|
OIS Management Services, LLC |
| 07/09/2026 |
| Healthcare Equipment and Supplies |
|
| 9.45 | % |
| SOFR + 575 |
|
|
| 1,975 |
|
|
| 1,951 |
|
|
| 1,975 |
| |
OIS Management Services, LLC (Revolver) (7), (9) |
| 07/09/2026 |
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 444 |
|
|
| — |
|
|
| — |
|
One Stop Mailing, LLC |
| 05/07/2027 |
| Air Freight and Logistics |
|
| 9.37 | % |
| 3M L+625 |
|
|
| 8,759 |
|
|
| 8,612 |
|
|
| 8,496 |
| |
ORL Acquisition, Inc. (7) |
| 09/03/2027 |
| Consumer Finance |
|
| 8.92 | % |
| 3M L+525 |
|
|
| 7,195 |
|
|
| 7,069 |
|
|
| 7,195 |
| |
ORL Acquisition, Inc. (Revolver) (7), (9) |
| 09/03/2027 |
| Consumer Finance |
|
| — |
|
|
| — |
|
|
| 861 |
|
|
| — |
|
|
| — |
|
Output Services Group, Inc. |
| 03/27/2024 |
| Business Services |
|
| 9.80 | % |
| 1M L+675 |
|
|
| 4,874 |
|
|
| 4,592 |
|
|
| 3,704 |
| |
Owl Acquisition, LLC |
| 02/04/2028 |
| Professional Services |
|
| 8.41 | % |
| 3M L+575 |
|
|
| 3,990 |
|
|
| 3,874 |
|
|
| 3,890 |
| |
Ox Two, LLC |
| 05/18/2026 |
| Construction and Building |
|
| 9.81 | % |
| 1M L+700 |
|
|
| 25,772 |
|
|
| 25,440 |
|
|
| 25,257 |
| |
Ox Two, LLC (Revolver) (7) |
| 05/18/2026 |
| Construction and Building |
|
| 9.81 | % |
| 1M L+700 |
|
|
| 2,484 |
|
|
| 2,484 |
|
|
| 2,434 |
| |
Ox Two, LLC (Revolver) (9) |
| 05/18/2026 |
| Construction and Building |
|
| — |
|
|
| — |
|
|
| 903 |
|
|
| — |
|
|
| (18 | ) |
PL Acquisitionco, LLC |
| 11/09/2027 |
| Textiles, Apparel and Luxury Goods |
|
| 9.62 | % |
| 3M L+650 |
|
|
| 6,110 |
|
|
| 6,015 |
|
|
| 5,958 |
| |
PL Acquisitionco, LLC - (Revolver) (9) |
| 11/09/2027 |
| Textiles, Apparel and Luxury Goods |
|
| — |
|
|
| — |
|
|
| 2,290 |
|
|
| — |
|
|
| (57 | ) |
Plant Health Intermediate, Inc. |
| 10/19/2022 |
| Chemicals, Plastics and Rubber |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 637 |
|
|
| 637 |
|
|
| 637 |
| |
PlayPower, Inc. |
| 05/08/2026 |
| Leisure Products |
|
| 9.17 | % |
| 1M L+550 |
|
|
| 3,440 |
|
|
| 3,419 |
|
|
| 3,078 |
| |
PRA Events, Inc. |
| 08/07/2025 |
| Business Services |
|
| 14.17 | % |
| 1M L+1,050 |
|
|
| 3,323 |
|
|
| 2,903 |
|
|
| 3,323 |
| |
|
|
|
|
|
| (PIK 10.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Pragmatic Institute, LLC - Unfunded Term Loan |
| 07/06/2028 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 2,290 |
|
|
| — |
|
|
| — |
|
Pragmatic Institute, LLC (Revolver) |
| 07/06/2028 |
| Professional Services |
|
| 9.30 | % |
| 3M L+575 |
|
|
| 305 |
|
|
| 305 |
|
|
| 302 |
| |
Pragmatic Institute, LLC (Revolver) (9) |
| 07/06/2028 |
| Professional Services |
|
| — |
|
|
| — |
|
|
| 1,221 |
|
|
| — |
|
|
| (12 | ) |
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(in thousands, except share data)
Issuer Name |
| Maturity |
|
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| ||||||
Quantic Electronics, LLC |
| 11/19/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| 9.92 | % |
| 1M L+600 |
|
|
| 4,706 |
|
| $ | 4,632 |
|
| $ | 4,612 |
| ||
Quantic Electronics, LLC (Revolver) (7) |
| 11/19/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| 9.51 | % |
| 1M L+600 |
|
|
| 268 |
|
|
| 268 |
|
|
| 263 |
| ||
Quantic Electronics, LLC (Revolver) (7), (9) |
| 11/19/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 402 |
|
|
| — |
|
|
| (8 | ) | |
Questex, LLC |
| 09/09/2024 |
|
| Media: Diversified and Production |
|
| 7.45 | % |
| 3M L+500 |
|
|
| 7,200 |
|
|
| 7,146 |
|
|
| 7,056 |
| ||
Questex, LLC (Revolver) (7), (9) |
| 09/09/2024 |
|
| Media: Diversified and Production |
|
| — |
|
|
| — |
|
|
| 1,197 |
|
|
| — |
|
|
| (24 | ) | |
Rancho Health MSO, Inc. (7) |
| 12/18/2025 |
|
| Healthcare Equipment and Supplies |
|
| 7.75 | % |
| 3M L+550 |
|
|
| 1,040 |
|
|
| 1,040 |
|
|
| 1,040 |
| ||
Rancho Health MSO, Inc. (Revolver) (7), (9) |
| 12/18/2025 |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 525 |
|
|
| — |
|
|
| — |
| |
Recteq, LLC |
| 01/29/2026 |
|
| Leisure Products |
|
| 9.92 | % |
| 3M L+600 |
|
|
| 1,478 |
|
|
| 1,457 |
|
|
| 1,426 |
| ||
Recteq, LLC (Revolver) (7) |
| 01/29/2026 |
|
| Leisure Products |
|
| 9.92 | % |
| 3M L+600 |
|
|
| 360 |
|
|
| 360 |
|
|
| 347 |
| ||
Recteq, LLC (Revolver) (7), (9) |
| 01/29/2026 |
|
| Leisure Products |
|
| — |
|
|
|
|
|
| 936 |
|
|
| — |
|
|
| (33 | ) | ||
Research Now Group, Inc. and Dynata, LLC |
| 12/20/2024 |
|
| Business Services |
|
| 8.84 | % |
| 3M L+550 |
|
|
| 17,142 |
|
|
| 16,985 |
|
|
| 15,406 |
| ||
Riverpoint Medical, LLC |
| 06/20/2025 |
|
| Healthcare Equipment and Supplies |
|
| 8.65 | % |
| 3M L+575 |
|
|
| 7,980 |
|
|
| 7,924 |
|
|
| 7,781 |
| ||
Riverpoint Medical, LLC (Revolver) (7), (9) |
| 06/20/2025 |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 909 |
|
|
| — |
|
|
| (23 | ) | |
Riverside Assessments, LLC |
| 03/10/2025 |
|
| Professional Services |
|
| 9.95 | % |
| 3M L+625 |
|
|
| 15,356 |
|
|
| 15,201 |
|
|
| 15,049 |
| ||
Sales Benchmark Index LLC |
| 01/03/2025 |
|
| Professional Services |
|
| 9.67 | % |
| 3M L+600 |
|
|
| 7,105 |
|
|
| 7,034 |
|
|
| 7,034 |
| ||
Sales Benchmark Index LLC (Revolver) (7), (9) |
| 01/03/2025 |
|
| Professional Services |
| — |
|
|
| — |
|
|
| 1,293 |
|
|
| — |
|
|
| (13 | ) | ||
Sargent & Greenleaf Inc. |
| 12/20/2024 |
|
| Electronic Equipment, Instruments, and Components |
|
| 8.62 | % |
| 1M L+550 |
|
|
| 3,487 |
|
|
| 3,462 |
|
|
| 3,452 |
| ||
Sargent & Greenleaf Inc. (Revolver) |
| 12/20/2024 |
|
| Electronic Equipment, Instruments, and Components |
|
| 8.28 | % |
| 1M L+550 |
|
|
| 1,048 |
|
|
| 1,048 |
|
|
| 1,037 |
| ||
Sargent & Greenleaf Inc. (Revolver) (9) |
| 12/20/2024 |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 9 |
|
|
| — |
|
|
| — |
| |
Schlesinger Global, Inc. |
| 07/14/2025 |
|
| Professional Services |
|
| 10.27 | % |
| SOFR + 700 |
|
|
| 14,560 |
|
|
| 14,467 |
|
|
| 14,196 |
| ||
Schlesinger Global, Inc. (Revolver) |
| 07/14/2025 |
|
| Professional Services |
|
| 10.14 | % |
| 1M L+600 |
|
|
| 1,487 |
|
|
| 1,487 |
|
|
| 1,450 |
| ||
Schlesinger Global, Inc. (Revolver) (7), (9) |
| 07/14/2025 |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 385 |
|
|
| — |
|
|
| (10 | ) | |
Seaway Buyer, LLC |
| 06/13/2029 |
|
| Chemicals, Plastics and Rubber |
|
| 9.41 | % |
| 3M L+575 |
|
|
| 6,940 |
|
|
| 6,836 |
|
|
| 6,836 |
| ||
Sigma Defense Systems, LLC |
| 12/18/2025 |
|
| IT Services |
|
| 12.17 | % |
| 3M L+850 |
|
|
| 10,969 |
|
|
| 10,742 |
|
|
| 10,750 |
| ||
Sigma Defense Systems, LLC (Revolver) (7) |
| 12/18/2025 |
|
| IT Services |
|
| 12.17 | % |
| 3M L+850 |
|
|
| 996 |
|
|
| 996 |
|
|
| 976 |
| ||
Sigma Defense Systems, LLC (Revolver) (7), (9) |
| 12/18/2025 |
|
| IT Services |
|
| — |
|
|
|
|
|
| 1,625 |
|
|
| — |
|
|
| (32 | ) | ||
Signature Systems Holding Company |
| 05/03/2024 |
|
| Commercial Services & Supplies |
|
| 10.17 | % |
| 1M L+650 |
|
|
| 10,358 |
|
|
| 10,301 |
|
|
| 10,280 |
| ||
Signature Systems Holding Company (Revolver) (9) |
| 05/03/2024 |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 1,747 |
|
|
| — |
|
|
| (13 | ) | |
Smile Brands Inc. |
| 10/14/2025 |
|
| Healthcare and Pharmaceuticals |
|
| 7.42 | % |
| 1M L+450 |
|
|
| 2,462 |
|
|
| 2,462 |
|
|
| 2,370 |
| ||
Smile Brands Inc. (Revolver) (7), (9) |
| 10/14/2025 |
|
| Healthcare and Pharmaceuticals |
|
| — |
|
|
| — |
|
|
| 1,508 |
|
|
| — |
|
|
| (57 | ) | |
Smile Brands Inc. LC (Revolver) (7), (9) |
| 10/14/2025 |
|
| Healthcare and Pharmaceuticals |
|
| — |
|
|
| — |
|
|
| 108 |
|
|
| — |
|
|
| (4 | ) | |
Solutionreach, Inc. |
| 01/17/2024 |
|
| Healthcare Technology |
|
| 8.87 | % |
| 3M L+575 |
|
|
| 5,740 |
|
|
| 5,705 |
|
|
| 5,602 |
| ||
Solutionreach, Inc. (Revolver) (7), (9) |
| 01/17/2024 |
|
| Healthcare Technology |
| — |
|
|
| — |
|
|
| 1,665 |
|
|
| — |
|
|
| (40 | ) | ||
Spear Education, LLC |
| 02/26/2025 |
|
| Professional Services |
|
| 9.42 | % |
| 3M L+575 |
|
|
| 14,747 |
|
|
| 14,642 |
|
|
| 14,747 |
| ||
Spendmend Holdings LLC |
| 03/01/2028 |
|
| Healthcare Technology |
|
| 8.63 | % |
| SOFR + 575 |
|
|
| 3,216 |
|
|
| 3,179 |
|
|
| 3,126 |
| ||
Spendmend Holdings LLC (9) |
| 03/01/2023 |
|
| Healthcare Technology |
| — |
|
|
| — |
|
|
| 1,771 |
|
|
| — |
|
|
| (36 | ) | ||
Spendmend Holdings LLC (Revolver) |
| 03/01/2028 |
|
| Healthcare Technology |
|
| 8.63 | % |
| 3M L+575 |
|
|
| 119 |
|
|
| 119 |
|
|
| 116 |
| ||
Spendmend Holdings LLC (Revolver) (9) |
| 03/01/2028 |
|
| Healthcare Technology |
| — |
|
|
| — |
|
|
| 772 |
|
|
| — |
|
|
| (22 | ) | ||
STV Group Incorporated |
| 12/11/2026 |
|
| Construction & Engineering |
|
| 8.37 | % |
| 1M L+525 |
|
|
| 4,752 |
|
|
| 4,718 |
|
|
| 4,704 |
| ||
System Planning and Analysis, Inc. |
| 08/16/2027 |
|
| Aerospace and Defense |
|
| 8.73 | % |
| SOFR+600 |
|
|
| 18,560 |
|
|
| 18,237 |
|
|
| 18,263 |
| ||
System Planning and Analysis, Inc. (Revolver) |
| 08/16/2027 |
|
| Aerospace and Defense |
| — |
|
| — |
|
|
| 5,188 |
|
|
| — |
|
|
| (83 | ) | |||
Teneo Holdings LLC |
| 07/18/2025 |
|
| Diversified Financial Services |
|
| 8.38 | % |
| 1M L+525 |
|
|
| 5,793 |
|
|
| 5,718 |
|
|
| 5,455 |
| ||
The Aegis Technologies Group, LLC |
| 10/31/2025 |
|
| Aerospace and Defense |
|
| 9.55 | % |
| 3M L+600 |
|
|
| 4,921 |
|
|
| 4,868 |
|
|
| 4,872 |
| ||
The Bluebird Group LLC |
| 07/27/2026 |
|
| Professional Services |
|
| 10.67 | % |
| 3M L+700 |
|
|
| 6,265 |
|
|
| 6,162 |
|
|
| 6,328 |
| ||
The Bluebird Group LLC (Revolver) (7), (9) |
| 07/27/2026 |
|
| Professional Services |
| — |
|
| — |
|
|
| 862 |
|
|
| — |
|
|
| 9 |
| |||
The Infosoft Group, LLC |
| 09/16/2024 |
|
| Media: Broadcasting and Subscription |
|
| 8.51 | % |
| 3M L+575 |
|
|
| 15,229 |
|
|
| 15,120 |
|
|
| 15,115 |
| ||
The Vertex Companies, LLC (7) |
| 08/30/2027 |
|
| Construction & Engineering |
|
| 8.18 | % |
| 1M L+550 |
|
|
| 2,159 |
|
|
| 2,122 |
|
|
| 2,148 |
| ||
The Vertex Companies, LLC (7), (9) |
| 08/30/2027 |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 573 |
|
|
| — |
|
|
| 3 |
| |
The Vertex Companies, LLC (Revolver) |
| 08/30/2027 |
|
| Construction & Engineering |
|
| 8.26 | % |
| 1M L+550 |
|
|
| 182 |
|
|
| 182 |
|
|
| 181 |
| ||
The Vertex Companies, LLC (Revolver) (7), (9) |
| 08/30/2027 |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 729 |
|
|
| — |
|
|
| (4 | ) | |
TPC Canada Parent, Inc. and TPC US Parent, LLC (5), (10) |
| 11/24/2025 |
|
| Food Products |
|
| 7.78 | % |
| 3M L+550 |
|
|
| 4,863 |
|
|
| 4,834 |
|
|
| 4,717 |
| ||
TVC Enterprises, LLC |
| 03/26/2026 |
|
| Commercial Services & Supplies |
|
| 8.87 | % |
| 1M L+600 |
|
|
| 24,721 |
|
|
| 24,378 |
|
|
| 24,103 |
| ||
TVC Enterprises, LLC (Revolver) (7), (9) |
| 03/26/2026 |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 661 |
|
|
| — |
|
|
| (17 | ) | |
TWS Acquisition Corporation |
| 06/16/2025 |
|
| Diversified Consumer Services |
|
| 8.76 | % |
| 1M L+625 |
|
|
| 5,468 |
|
|
| 5,398 |
|
|
| 5,441 |
| ||
TWS Acquisition Corporation (Revolver) (7), (9) |
| 06/16/2025 |
|
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 2,628 |
|
|
| — |
|
|
| (13 | ) | |
Tyto Athene, LLC |
| 04/01/2028 |
|
| IT Services |
|
| 7.76 | % |
| 1M L+550 |
|
|
| 12,644 |
|
|
| 12,487 |
|
|
| 11,746 |
| ||
Tyto Athene, LLC (Revolver) (7), (9) |
| 04/01/2026 |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 1,040 |
|
|
| — |
|
|
| (74 | ) | |
UBEO, LLC |
| 04/03/2024 |
|
| Capital Equipment |
|
| 7.60 | % |
| 3M L+450 |
|
|
| 17,926 |
|
|
| 17,860 |
|
|
| 17,657 |
| ||
UBEO, LLC (Revolver) |
| 04/03/2024 |
|
| Capital Equipment |
|
| 9.00 | % |
| 3M L+275 |
|
|
| 587 |
|
|
| 587 |
|
|
| 578 |
| ||
UBEO, LLC (Revolver) (9) |
| 04/03/2024 |
|
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 2,347 |
|
|
| — |
|
|
| (35 | ) | |
Unique Indoor Comfort, LLC |
| 05/24/2027 |
|
| Diversified Consumer Services |
|
| 8.95 | % |
| 3M L + 525 |
|
|
| 9,217 |
|
|
| 9,126 |
|
|
| 9,014 |
| ||
Unique Indoor Comfort, LLC Term Loan (7) |
| 05/24/2027 |
|
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 10,760 |
|
|
| — |
|
|
| (129 | ) | |
Unique Indoor Comfort, LLC (Revolver) (7), (9) |
| 05/24/2027 |
|
| Diversified Consumer Services |
|
| — |
|
|
| — |
|
|
| 2,000 |
|
|
| — |
|
|
| (44 | ) | |
Walker Edison Furniture Company LLC |
| 03/31/2027 |
|
| Wholesale |
|
| 12.42 | % |
| 1M L+875 |
|
|
| 12,684 |
|
|
| 12,434 |
|
|
| 8,474 |
| ||
Wildcat Buyerco, Inc. |
| 02/27/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| 9.38 | % |
| 3M L+575 |
|
|
| 9,853 |
|
|
| 9,717 |
|
|
| 9,532 |
| ||
Wildcat Buyerco, Inc. (Revolver) (9) |
| 02/27/2026 |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 534 |
|
|
| — |
|
|
| (34 | ) | |
Zips Car Wash, LLC |
| 03/01/2024 |
|
| Automobiles |
|
| 10.30 | % |
| 3M L+725 |
|
|
| 13,428 |
|
|
| 13,284 |
|
|
| 13,092 |
| ||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 815,742 |
|
|
| 789,107 |
| ||||
Second Lien Secured Debt—0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Mailsouth Inc. (7) |
| 04/23/2025 |
|
| Media: Advertising, Printing and Publishing |
|
| 0.00 | % | (6) |
| — |
|
|
| 1,001 |
|
|
| 965 |
|
|
| - |
| |
|
|
|
|
|
|
| (PIK 15.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
QuantiTech LLC |
| 02/04/2027 |
|
| Aerospace and Defense |
|
| 12.68 | % |
| 3M L+1,000 |
|
|
| 150 |
|
|
| 148 |
|
|
| 147 |
| ||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,113 |
|
|
| 147 |
| ||||
Preferred Equity— 1.6% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ad.net Holdings, Inc. (7),(8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 6,720 |
|
| $ | 672 |
|
| $ | 747 |
|
Cartessa Aesthetics, LLC |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 1,437,500 |
|
|
| 1,438 |
|
|
| 1,499 |
|
Imagine Topco, LP |
|
| — |
|
| Software |
|
| 8.00 | % |
|
| — |
|
|
| 1,236,027 |
|
|
| 1,236 |
|
|
| 1,170 |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(in thousands, except share data)
Issuer Name |
| Maturity |
|
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| ||||||
Mars Intermediate Holdings II, Inc. (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 835 |
|
| $ | 835 |
|
| $ | 976 |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (7), (8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 2,018 |
|
|
| 2,018 |
|
|
| 2,537 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) (7) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 733 |
|
|
| 733 |
|
|
| 1,042 |
|
ORL Holdco, Inc. (7) |
|
| — |
|
| Consumer Finance |
|
| — |
|
|
| — |
|
|
| 1,327 |
|
|
| 133 |
|
|
| 144 |
|
Signature CR Intermediate Holdco, Inc. (7) |
|
| — |
|
| Commercial Services & Supplies |
|
| 12.00 | % |
|
| — |
|
|
| 1,323 |
|
|
| 1,323 |
|
|
| 1,674 |
|
TPC Holding Company, LP (5), (7), (10) |
|
| — |
|
| Food Products |
|
| — |
|
|
| — |
|
|
| 409 |
|
|
| 409 |
|
|
| 116 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) (7) |
|
| — |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 37 |
|
|
| 37 |
|
|
| 40 |
|
UniTek Global Services, Inc. - |
|
| — |
|
| Telecommunications |
|
| 20.00 | % |
|
| — |
|
|
| 343,861 |
|
|
| 344 |
|
|
| — |
|
Super Senior Preferred Equity (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
UniTek Global Services, Inc. - Senior Preferred Equity (7) |
|
| — |
|
| Telecommunications |
|
| 19.00 | % |
|
| — |
|
|
| 448,851 |
|
|
| 449 |
|
|
| — |
|
UniTek Global Services, Inc. (7) |
|
| — |
|
| Telecommunications |
|
| 13.50 | % |
|
| — |
|
|
| 1,047,317 |
|
|
| 670 |
|
|
| — |
|
Total Preferred Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10,297 |
|
|
| 9,945 |
| ||||
Common Equity/Warrants— 18.1% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ad.net Holdings, Inc. (7),(8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 7,467 |
|
|
| 75 |
|
|
| 98 |
|
Affinion Group Holdings, Inc. (Warrants)(7) |
| 04/10/2024 |
|
| Consumer Goods: Durable |
|
| — |
|
|
| — |
|
|
| 8,893 |
|
|
| 245 |
|
|
| — |
| |
AG Investco LP (7), (8) |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 805,164 |
|
|
| 805 |
|
|
| 1,127 |
|
AG Investco LP (7), (8), (9) |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 194,836 |
|
|
| — |
|
|
| — |
|
Altamira Intermediate Company II, Inc. (7) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 1,437,500 |
|
|
| 1,438 |
|
|
| 906 |
|
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) (7), (8) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 2,018 |
|
|
| — |
|
|
| 480 |
|
Athletico Holdings, LLC |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 4,678 |
|
|
| 5,000 |
|
|
| 4,758 |
|
Burgess Point Holdings, LP |
|
| — |
|
| Auto Components |
|
| — |
|
|
| — |
|
|
| 100 |
|
|
| 100 |
|
|
| 101 |
|
By Light Investco LP (7), (8) |
|
| — |
|
| High Tech Industries |
|
| — |
|
|
| — |
|
|
| 22,090 |
|
|
| 193 |
|
|
| 18,085 |
|
By Light Investco LP (7), (8), (9) |
|
| — |
|
| High Tech Industries |
|
| — |
|
|
| — |
|
|
| 3,223 |
|
|
| — |
|
|
| — |
|
CI (Allied) Investment Holdings, LLC |
|
| — |
|
| Business Services |
|
| — |
|
|
| — |
|
|
| 120,962 |
|
|
| 1,243 |
|
|
| 1,651 |
|
(PRA Events, Inc.) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Connatix Parent, LLC (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 38,278 |
|
|
| 421 |
|
|
| 459 |
|
Crane 1 Acquisition Parent Holdings, L.P. (7) |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 130 |
|
|
| 120 |
|
|
| 140 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (8) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 615,484 |
|
|
| 602 |
|
|
| 1,255 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (8),(9) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 389,386 |
|
|
| — |
|
|
| — |
|
ECM Investors, LLC (7), (8) |
|
| — |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 295,982 |
|
|
| 65 |
|
|
| 633 |
|
eCommission Holding Corporation (7), (10) |
|
| — |
|
| Banking, Finance, Insurance & Real Estate |
|
| — |
|
|
| — |
|
|
| 20 |
|
|
| 251 |
|
|
| 348 |
|
Exigo, LLC |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 541,667 |
|
|
| 542 |
|
|
| 478 |
|
Express Wash Topco, LLC |
|
| — |
|
| Automobiles |
|
| — |
|
|
| — |
|
|
| 20,000 |
|
|
| 100 |
|
|
| 102 |
|
FedHC InvestCo LP (7),(8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 21,083 |
|
|
| 711 |
|
|
| 2,142 |
|
FedHC InvestCo LP (7),(8),(9) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 9,488 |
|
|
| — |
|
|
| — |
|
Gauge InfosoftCoInvest, LLC |
|
| — |
|
| Media: Broadcasting and Subscription |
|
| — |
|
|
| — |
|
|
| 500 |
|
|
| 144 |
|
|
| 2,471 |
|
(The Infosoft Group, LLC) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Gauge Lash Coinvest LLC (7) |
|
| — |
|
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,485,953 |
|
|
| 227 |
|
|
| 7,030 |
|
Gauge Schlesinger Coinvest LLC (7) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 465 |
|
|
| 476 |
|
|
| 496 |
|
Gauge TVC Coinvest, LLC (TVC Enterprises, LLC) (7) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 391,144 |
|
|
| — |
|
|
| 1,558 |
|
GCOM InvestCo LP (7),(8) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 19,184 |
|
|
| 3,342 |
|
|
| 4,626 |
|
Go Dawgs Capital III, LP |
|
| — |
|
| Building Products |
|
| — |
|
|
| — |
|
|
| 324,675 |
|
|
| 325 |
|
|
| 377 |
|
(American Insulated Glass, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Hancock Claims Consultants Investors, LLC (7), (8) |
|
| — |
|
| Insurance |
|
| — |
|
|
| — |
|
|
| 450,000 |
|
|
| 450 |
|
|
| 477 |
|
HV Watterson Holdings, LLC |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 100,000 |
|
|
| 100 |
|
|
| 87 |
|
Icon Partners V C, L.P. |
|
| — |
|
| Internet Software and Services |
|
| — |
|
|
| — |
|
|
| 1,851,852 |
|
|
| 1,852 |
|
|
| 1,989 |
|
Icon Partners V C, L.P. (7), (9) |
|
| — |
|
| Internet Software and Services |
|
| — |
|
|
| — |
|
|
| 648,148 |
|
|
| — |
|
|
| — |
|
IIN Group Holdings, LLC |
|
| — |
|
| Consumer Services |
|
| — |
|
|
| — |
|
|
| 1,000 |
|
|
| 1,000 |
|
|
| 54 |
|
(Integrative Nutrition, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Imagine Topco, LP (Common) |
|
| — |
|
| Software |
|
| — |
|
|
| — |
|
|
| 1,236,027 |
|
|
| — |
|
|
| — |
|
Ironclad Holdco, LLC (Applied Technical Services, LLC) (7), (8) |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 5,811 |
|
|
| 573 |
|
|
| 754 |
|
ITC Infusion Co-invest, LP |
|
| — |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 81,313 |
|
|
| 813 |
|
|
| 857 |
|
ITC Rumba, LLC (Cano Health, LLC) (7),(8) |
|
| — |
|
| Healthcare and Pharmaceuticals |
|
| — |
|
|
| — |
|
|
| 46,763 |
|
|
| 117 |
|
|
| 5,232 |
|
JWC-WE Holdings, L.P. |
|
| — |
|
| Wholesale |
|
| — |
|
|
| — |
|
|
| 1,948 |
|
|
| 568 |
|
|
| — |
|
(Walker Edison Furniture Company LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Kinetic Purchaser, LLC |
|
| — |
|
| Personal Products |
|
| — |
|
|
| — |
|
|
| 1,734,775 |
|
|
| 1,735 |
|
|
| 2,458 |
|
KL Stockton Co-Invest LP (Any Hour Services) (7),(8) |
|
| — |
|
| Energy Equipment and Services |
|
| — |
|
|
| — |
|
|
| 382,353 |
|
|
| 382 |
|
|
| 643 |
|
Kentucky Racing Holdco, LLC (Warrants) (7), (8) |
|
| — |
|
| Hotels, Restaurants and Leisure |
|
| — |
|
|
| — |
|
|
| 87,345 |
|
|
| — |
|
|
| 961 |
|
Lightspeed Investment Holdco LLC (7) |
|
| — |
|
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 585,587 |
|
|
| 586 |
|
|
| 800 |
|
Mars Intermediate Holdings II, Inc. (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 835 |
|
|
| — |
|
|
| 255 |
|
MDI Aggregator, LP |
|
| — |
|
| Commodity Chemicals |
|
| — |
|
|
| — |
|
|
| 668,747 |
|
|
| 670 |
|
|
| 669 |
|
Meadowlark Title, LLC |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 819,231 |
|
|
| 819 |
|
|
| 901 |
|
MSpark, LLC |
|
| — |
|
| Media: Advertising, Printing and Publishing |
|
| — |
|
|
| — |
|
|
| 3,988 |
|
|
| 1,288 |
|
|
| — |
|
Municipal Emergency Services, Inc. (7) |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 1,973,370 |
|
|
| 2,005 |
|
|
| 1,505 |
|
NEPRT Parent Holdings, LLC (Recteq, LLC) (7), (8) |
|
| — |
|
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 1,494 |
|
|
| 1,450 |
|
|
| 279 |
|
North Haven Saints Equity Holdings, LP |
|
| — |
|
| Healthcare Technology |
|
| — |
|
|
| — |
|
|
| 223,602 |
|
|
| 224 |
|
|
| 237 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) (7) |
|
| — |
|
| IT Services |
|
| — |
|
|
| — |
|
|
| 14,960 |
|
|
| 15 |
|
|
| 310 |
|
OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) (7), (8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 173,638 |
|
|
| 1,729 |
|
|
| 2,917 |
|
OHCP V BC COI, L.P. |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 743,750 |
|
|
| 744 |
|
|
| 636 |
|
OHCP V BC COI, L.P. (8) (9) |
|
| — |
|
| Distributors |
|
| — |
|
|
| — |
|
|
| 506,250 |
|
|
| — |
|
|
| (73 | ) |
Oral Surgery (ITC) Holdings, LLC (7),(8) |
|
| — |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 3,872 |
|
|
| 83 |
|
|
| 231 |
|
ORL Holdco, Inc. (7) |
|
| — |
|
| Consumer Finance |
|
| — |
|
|
| — |
|
|
| 1,474 |
|
|
| 15 |
|
|
| 261 |
|
PennantPark-TSO Senior Loan Fund, LP (7) |
|
| — |
|
| Financial Services |
|
| — |
|
|
| — |
|
|
| 11,167,847 |
|
|
| 11,168 |
|
|
| 9,892 |
|
Pink Lily Holdco, LLC (PL Acquisitions, LLC) |
|
| — |
|
| Textiles, Apparel and Luxury Goods |
|
| — |
|
|
| — |
|
|
| 1,735 |
|
|
| 1,735 |
|
|
| 914 |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2022
(in thousands, except share data)
Issuer Name |
| Maturity |
|
| Industry |
| Current |
|
| Basis Point |
|
| Par / |
|
| Cost |
|
| Fair Value (2) |
| ||||||
Pragmatic Institute, LLC |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 610,583 |
|
| $ | 611 |
|
| $ | 611 |
|
QuantiTech InvestCo LP (7), (8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 712 |
|
|
| 68 |
|
|
| 352 |
|
QuantiTech InvestCo LP (7), (8), (9) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 955 |
|
|
| — |
|
|
| — |
|
QuantiTech InvestCo II LP (7), (8), |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 40 |
|
|
| 25 |
|
|
| 24 |
|
RFMG Parent, LP (Rancho Health MSO, Inc.) (7) |
|
| — |
|
| Healthcare Equipment and Supplies |
|
| — |
|
|
| — |
|
|
| 1,050,000 |
|
|
| 1,050 |
|
|
| 1,091 |
|
SBI Holdings Investments LLC (Sales Benchmark Index LLC) (7), (8) |
|
| — |
|
| Professional Services |
|
| — |
|
|
| — |
|
|
| 64,634 |
|
|
| 646 |
|
|
| 634 |
|
Seaway Topco, LP |
|
|
|
| Chemicals, Plastics and Rubber |
|
| — |
|
|
| — |
|
|
| 296 |
|
|
| 296 |
|
|
| 296 |
| |
Signature CR Intermediate Holdco, Inc. (7) |
|
| — |
|
| Commercial Services & Supplies |
|
| — |
|
|
| — |
|
|
| 70 |
|
|
| 70 |
|
|
| — |
|
SP L2 Holdings, LLC (Ledge Lounger, Inc.) |
|
| — |
|
| Leisure Products |
|
| — |
|
|
| — |
|
|
| 360,103 |
|
|
| 360 |
|
|
| 373 |
|
SSC Dominion Holdings, LLC |
|
| — |
|
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 500 |
|
|
| 500 |
|
|
| 680 |
|
Class A (US Dominion, Inc.) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
SSC Dominion Holdings, LLC |
|
| — |
|
| Capital Equipment |
|
| — |
|
|
| — |
|
|
| 500 |
|
|
| — |
|
|
| 1,463 |
|
Class B (US Dominion, Inc.) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
StellPen Holdings, LLC (CF512, Inc.) (7) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 161,538 |
|
|
| 162 |
|
|
| 160 |
|
TAC LifePort Holdings, LLC (7),(8) |
|
| — |
|
| Aerospace and Defense |
|
| — |
|
|
| — |
|
|
| 488,372 |
|
|
| 488 |
|
|
| 621 |
|
Tower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 216,925 |
|
|
| 209 |
|
|
| 366 |
|
Tower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC)(8) (9) |
|
| — |
|
| Media |
|
| — |
|
|
| — |
|
|
| 148,681 |
|
|
| — |
|
|
| — |
|
TPC Holding Company, LP (5), (7), (10) |
|
| — |
|
| Food Products |
|
| — |
|
|
| — |
|
|
| 21,527 |
|
|
| 22 |
|
|
| — |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) (7) |
|
| — |
|
| Construction & Engineering |
|
| — |
|
|
| — |
|
|
| 749 |
|
|
| 1 |
|
|
| — |
|
UniTek Global Services, Inc. (7) |
|
| — |
|
| Telecommunications |
|
| — |
|
|
| — |
|
|
| 213,739 |
|
|
| — |
|
|
| — |
|
UniTek Global Services, Inc. (Warrants) (7) |
|
| — |
|
| Telecommunications |
|
| — |
|
|
| — |
|
|
| 23,889 |
|
|
| — |
|
|
| — |
|
UniVista Insurance (7),(8) |
|
| — |
|
| Insurance |
|
| — |
|
|
| — |
|
|
| 400 |
|
|
| 378 |
|
|
| 454 |
|
WCP IvyRehab QP CF Feeder, LP |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 3,762,257 |
|
|
| 3,762 |
|
|
| 3,762 |
|
WCP IvyRehab QP CF Feeder, LP (9) |
|
| — |
|
| Healthcare Providers and Services |
|
| — |
|
|
| — |
|
|
| 237,743 |
|
|
| — |
|
|
| — |
|
Wildcat Parent, LP (Wildcat Buyerco, Inc.) (7), (8) |
|
| — |
|
| Electronic Equipment, Instruments, and Components |
|
| — |
|
|
| — |
|
|
| 2,240 |
|
|
| 224 |
|
|
| 596 |
|
Total Common Equity/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 55,418 |
|
|
| 94,050 |
| ||||
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
| 882,570 |
|
|
| 893,249 |
| |||||||||
Investments in Controlled, Affiliated Portfolio Companies—51.4% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||
First Lien Secured Debt—41.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Marketplace Events, LLC - Super Priority First Lien Term Loan (7) |
| 09/30/2025 |
|
| Media: Diversified and Production |
|
| 8.19 | % |
| 3M L+525 |
|
|
| 3,582 |
|
|
| 3,582 |
|
|
| 3,582 |
| ||
|
|
|
|
|
|
| (PIK 5.25%) |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Marketplace Events, LLC - Super Priority First Lien (7), (9) |
| 09/30/2025 |
|
| Media: Diversified and Production |
|
| — |
|
|
| — |
|
|
| 3,261 |
|
|
| — |
|
|
| — |
| |
Marketplace Events, LLC |
| 09/30/2026 |
|
| Media: Diversified and Production |
|
| 8.19 | % |
| 3M L+525 |
|
|
| 26,771 |
|
|
| 19,518 |
|
|
| 26,771 |
| ||
PennantPark Senior Secured Loan Fund I LLC (7), (9), (10) |
| 05/06/2024 |
|
| Financial Services |
|
| 10.71 | % |
| 3M L+800 |
|
|
| 190,181 |
|
|
| 190,181 |
|
|
| 190,182 |
| ||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 213,281 |
|
|
| 220,535 |
| ||||
Equity Interests—9.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
New MPE Holdings, LLC (Marketplace Events, LLC) (7),(8) |
|
| — |
|
| Media: Diversified and Production |
|
| — |
|
|
| — |
|
|
| 349 |
|
|
| — |
|
|
| 1,036 |
|
PennantPark Senior Secured Loan Fund I LLC (7), (9), (10) |
|
| — |
|
| Financial Services |
|
| — |
|
|
| — |
|
|
| 81,506 |
|
|
| 81,506 |
|
|
| 49,434 |
|
Total Equity Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 81,506 |
|
|
| 50,470 |
| ||||
Total Investments in Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
| 294,787 |
|
|
| 271,005 |
| |||||||||
Total Investments—220.9% |
|
|
|
|
|
|
|
|
|
|
| 1,177,357 |
|
|
| 1,164,254 |
| |||||||||
Cash and Cash Equivalents—9.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
BlackRock Federal FD Institutional 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 38,209 |
|
|
| 38,209 |
| ||||
BNY Mellon Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 9,707 |
|
|
| 9,671 |
| ||||
Total Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 47,916 |
|
|
| 47,880 |
| ||||
Total Investments and Cash Equivalents—230.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 1,225,273 |
|
| $ | 1,212,134 |
| ||||
Liabilities in Excess of Other Assets—(130.0)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (685,042 | ) | |||||
Net Assets—100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 527,092 |
|