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EXHIBIT 99.2
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 |
|
|
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 |
|
|
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) |
|
|||||
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 |
|
|
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) |
|
|||||
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 |
) |
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 |
|
|||
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) |
|
||||||
Preferred Equity— 1.6% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ad.net Holdings, Inc. (7),(8) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
6,720 |
|
|
$ |
672 |
|
|
$ |
747 |
|
Imagine Topco, LP |
|
|
— |
|
|
Software |
|
|
8.00 |
% |
|
|
— |
|
|
|
1,236,027 |
|
|
|
1,236 |
|
|
|
1,170 |
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,859 |
|
|
|
8,446 |
|
||||
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 |
|
|
|
— |
|
|
|
— |
|
Cartessa Aesthetics, LLC |
|
|
— |
|
|
Distributors |
|
|
— |
|
|
|
— |
|
|
|
1,437,500 |
|
|
|
1,438 |
|
|
|
1,499 |
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,856 |
|
|
|
95,549 |
|
||||
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 |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2021
(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—174.6% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
First Lien Secured Debt—155.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
18 Freemont Street Acquisition, LLC |
|
08/11/2025 |
|
Hotels, Restaurants and Leisure |
|
|
9.50 |
% |
|
1M L+800 |
|
|
|
5,996 |
|
|
$ |
5,910 |
|
|
$ |
6,101 |
|
|
Ad.net Acquisition, LLC |
|
05/06/2026 |
|
Media |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
4,988 |
|
|
|
4,917 |
|
|
|
4,913 |
|
|
Ad.net Acquisition, LLC (Revolver) (7) |
|
05/06/2026 |
|
Media |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
212 |
|
|
|
212 |
|
|
|
208 |
|
|
Ad.net Acquisition, LLC (Revolver) (7), (9) |
|
05/06/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,033 |
|
|
|
— |
|
|
|
(15 |
) |
Altamira Technologies, LLC |
|
07/24/2025 |
|
IT Services |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
5,069 |
|
|
|
5,016 |
|
|
|
4,752 |
|
|
Altamira Technologies, LLC (Revolver) (7) |
|
07/24/2025 |
|
IT Services |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
575 |
|
|
|
575 |
|
|
|
539 |
|
|
Altamira Technologies, LLC (Revolver) (7), (9) |
|
07/24/2025 |
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
1,581 |
|
|
|
— |
|
|
|
(99 |
) |
American Insulated Glass, LLC |
|
12/21/2023 |
|
Building Products |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
8,905 |
|
|
|
8,818 |
|
|
|
8,816 |
|
|
American Teleconferencing Services, Ltd.(7) |
|
09/09/2021 |
|
Telecommunications |
|
0.00% |
|
(6) |
|
— |
|
|
|
7,986 |
|
|
|
7,915 |
|
|
|
1,278 |
|
|
American Teleconferencing Services, Ltd. (Revolver) (7) |
|
12/08/2022 |
|
Telecommunications |
|
0.00% |
|
(6) |
|
— |
|
|
|
1,656 |
|
|
|
1,642 |
|
|
|
1,656 |
|
|
Any Hour Services |
|
07/21/2027 |
|
Energy Equipment and Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
6,500 |
|
|
|
6,373 |
|
|
|
6,370 |
|
|
Any Hour Services (7), (9) |
|
07/21/2027 |
|
Energy Equipment and Services |
|
|
— |
|
|
|
— |
|
|
|
3,824 |
|
|
|
— |
|
|
|
(38 |
) |
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 |
|
|
6.25 |
% |
|
1M L+525 |
|
|
|
6,272 |
|
|
|
6,216 |
|
|
|
6,209 |
|
|
Apex Service Partners, LLC Term Loan B |
|
07/31/2025 |
|
Diversified Consumer Services |
|
|
6.50 |
% |
|
1M L+550 |
|
|
|
300 |
|
|
|
300 |
|
|
|
297 |
|
|
Apex Service Partners, LLC Term Loan C |
|
07/31/2025 |
|
Diversified Consumer Services |
|
|
6.25 |
% |
|
1M L+525 |
|
|
|
6,897 |
|
|
|
6,802 |
|
|
|
6,828 |
|
|
Apex Service Partners, LLC Term Loan C (7),(9) |
|
01/31/2022 |
|
Diversified Consumer Services |
|
|
— |
|
|
|
— |
|
|
|
13,179 |
|
|
|
— |
|
|
|
(16 |
) |
Apex Service Partners, LLC (Revolver) (7) |
|
07/29/2024 |
|
Diversified Consumer Services |
|
|
6.25 |
% |
|
1M L+525 |
|
|
|
473 |
|
|
|
473 |
|
|
|
465 |
|
|
Apex Service Partners, LLC (Revolver) (7), (9) |
|
07/29/2024 |
|
Diversified Consumer Services |
|
|
— |
|
|
|
— |
|
|
|
1,372 |
|
|
|
— |
|
|
|
(24 |
) |
API Technologies Corp. |
|
05/11/2026 |
|
Electronic Equipment, Instruments, and Components |
|
|
4.33 |
% |
|
1M L+425 |
|
|
|
5,865 |
|
|
|
5,841 |
|
|
|
5,689 |
|
|
Applied Technical Services, LLC |
|
12/29/2026 |
|
Commercial Services & Supplies |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
4,963 |
|
|
|
4,863 |
|
|
|
4,863 |
|
|
Applied Technical Services, LLC (7), (9) |
|
06/29/2022 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
8,567 |
|
|
|
— |
|
|
|
(75 |
) |
Applied Technical Services, LLC (Revolver) (7), (9) |
|
12/29/2026 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
1,273 |
|
|
|
— |
|
|
|
(25 |
) |
By Light Professional IT Services, LLC |
|
05/16/2022 |
|
High Tech Industries |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
22,681 |
|
|
|
22,627 |
|
|
|
22,681 |
|
|
By Light Professional IT Services, LLC (Revolver) (9) |
|
05/16/2022 |
|
High Tech Industries |
|
|
— |
|
|
|
— |
|
|
|
3,063 |
|
|
|
— |
|
|
|
— |
|
Cadence Aerospace, LLC (7) |
|
11/14/2023 |
|
Aerospace and Defense |
|
|
9.50 |
% |
|
3M L+850 |
|
|
|
3,002 |
|
|
|
2,985 |
|
|
|
2,928 |
|
|
|
|
|
|
|
|
(PIK 9.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Cano Health, LLC |
|
11/23/2027 |
|
Healthcare and Pharmaceuticals |
|
|
5.25 |
% |
|
1M L+450 |
|
|
|
2,653 |
|
|
|
2,647 |
|
|
|
2,654 |
|
|
CF512, Inc. |
|
08/20/2026 |
|
Media |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
10,500 |
|
|
|
10,293 |
|
|
|
10,290 |
|
|
CF512, Inc. (7), (9) |
|
08/20/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,864 |
|
|
|
— |
|
|
|
(29 |
) |
CF512, Inc. (Revolver) (7), (9) |
|
08/20/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
955 |
|
|
|
— |
|
|
|
(19 |
) |
CHA Holdings, Inc. |
|
04/10/2025 |
|
Environmental Industries |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
1,597 |
|
|
|
1,593 |
|
|
|
1,573 |
|
|
Challenger Performance Optimization, Inc. (Revolver) (7), (9) |
|
08/31/2023 |
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
711 |
|
|
|
— |
|
|
|
(21 |
) |
Compex Legal Services, Inc. |
|
02/09/2026 |
|
Professional Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
7,653 |
|
|
|
7,530 |
|
|
|
7,566 |
|
|
Compex Legal Services, Inc. (Revolver) (7) |
|
02/07/2025 |
|
Professional Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
984 |
|
|
|
984 |
|
|
|
973 |
|
|
Compex Legal Services, Inc. (Revolver) (7), (9) |
|
02/07/2025 |
|
Professional Services |
|
|
— |
|
|
|
— |
|
|
|
422 |
|
|
|
— |
|
|
|
(5 |
) |
Confluent Health, LLC |
|
06/24/2026 |
|
Health Providers and Services |
|
|
5.08 |
% |
|
1M L+500 |
|
|
|
3,910 |
|
|
|
3,879 |
|
|
|
3,910 |
|
|
Connatix Buyer, Inc. |
|
07/13/2027 |
|
Media |
|
|
6.25 |
% |
|
3M L+550 |
|
|
|
4,000 |
|
|
|
3,921 |
|
|
|
3,920 |
|
|
Connatix Buyer, Inc. (7), (9) |
|
01/13/2023 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
2,105 |
|
|
|
— |
|
|
|
(21 |
) |
Connatix Buyer, Inc. (Revolver) (7) |
|
07/13/2027 |
|
Media |
|
|
6.25 |
% |
|
3M L+550 |
|
|
|
123 |
|
|
|
123 |
|
|
|
121 |
|
|
Connatix Buyer, Inc. (Revolver) (7), (9) |
|
07/13/2027 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,111 |
|
|
|
— |
|
|
|
(22 |
) |
CoolSys, Inc. |
|
08/04/2028 |
|
Commercial Services & Supplies |
|
|
5.50 |
% |
|
3M L+475 |
|
|
|
1,909 |
|
|
|
1,890 |
|
|
|
1,914 |
|
|
CoolSys, Inc. (7), (9) |
|
08/04/2028 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
848 |
|
|
|
— |
|
|
|
2 |
|
Crane 1 Services, Inc. (7), (9) |
|
08/16/2023 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
897 |
|
|
|
— |
|
|
|
(2 |
) |
Crane 1 Services, Inc. (Revolver) (7), (9) |
|
08/16/2027 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
336 |
|
|
|
— |
|
|
|
(3 |
) |
Crash Champions, LLC |
|
08/05/2025 |
|
Automobiles |
|
|
5.85 |
% |
|
3M L+500 |
|
|
|
13,078 |
|
|
|
12,889 |
|
|
|
12,817 |
|
|
Crash Champions, LLC (7)(9) |
|
05/14/2022 |
|
Automobiles |
|
|
— |
|
|
|
— |
|
|
|
12,912 |
|
|
|
— |
|
|
|
(129 |
) |
Digital Room Holdings, Inc. |
|
05/22/2026 |
|
Media: Advertising, Printing and Publishing |
|
|
5.08 |
% |
|
1M L+500 |
|
|
|
6,547 |
|
|
|
6,468 |
|
|
|
6,462 |
|
|
Douglas Products and Packaging Company LLC |
|
10/19/2022 |
|
Chemicals, Plastics and Rubber |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
6,545 |
|
|
|
6,514 |
|
|
|
6,545 |
|
|
Douglas Products and Packaging Company LLC (Revolver) |
|
10/19/2022 |
|
Chemicals, Plastics and Rubber |
|
|
8.00 |
% |
|
P+475 |
|
|
|
2,927 |
|
|
|
2,927 |
|
|
|
2,927 |
|
|
Douglas Products and Packaging Company LLC (Revolver) (9) |
|
10/19/2022 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
1,464 |
|
|
|
— |
|
|
|
— |
|
Douglas Sewer Intermediate, LLC |
|
10/19/2022 |
|
Chemicals, Plastics and Rubber |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
3,961 |
|
|
|
3,942 |
|
|
|
3,961 |
|
|
Dr. Squatch, LLC |
|
08/27/2026 |
|
Personal Products |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
9,485 |
|
|
|
9,297 |
|
|
|
9,296 |
|
|
Dr. Squatch, LLC (Revolver) (7) |
|
08/27/2026 |
|
Personal Products |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
2,459 |
|
|
|
2,459 |
|
|
|
2,410 |
|
|
Dr. Squatch, LLC (Revolver) (7), (9) |
|
08/27/2026 |
|
Personal Products |
|
|
— |
|
|
|
— |
|
|
|
894 |
|
|
|
— |
|
|
|
(18 |
) |
DRS Holdings III, Inc. |
|
11/03/2025 |
|
Personal Products |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
17,671 |
|
|
|
17,515 |
|
|
|
17,547 |
|
|
DRS Holdings III, Inc. (Revolver) (7), (9) |
|
11/03/2025 |
|
Personal Products |
|
|
— |
|
|
|
— |
|
|
|
1,426 |
|
|
|
— |
|
|
|
(10 |
) |
East Valley Tourist Development Authority |
|
03/07/2022 |
|
Hotel, Gaming and Leisure |
|
|
9.00 |
% |
|
3M L+800 |
|
|
|
13,217 |
|
|
|
13,191 |
|
|
|
13,019 |
|
|
|
|
|
|
|
|
(PIK 3.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
ECL Entertainment, LLC |
|
03/31/2028 |
|
Hotels, Restaurants and Leisure |
|
|
8.25 |
% |
|
1M L+750 |
|
|
|
5,256 |
|
|
|
5,205 |
|
|
|
5,374 |
|
|
ECM Industries, LLC (Revolver) (9) |
|
12/23/2025 |
|
Electronic Equipment, Instruments, and Components |
|
|
— |
|
|
|
— |
|
|
|
914 |
|
|
|
— |
|
|
|
(5 |
) |
eCommission Financial Services, Inc. (10) |
|
10/05/2023 |
|
Banking, Finance, Insurance & Real Estate |
|
|
6.00 |
% |
|
1M L+500 |
|
|
|
6,951 |
|
|
|
6,951 |
|
|
|
6,951 |
|
|
eCommission Financial Services, Inc. (Revolver) (7), (9), (10) |
|
10/05/2023 |
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
|
|
— |
|
|
|
— |
|
Efficient Collaborative Retail Marketing Company, LLC |
|
06/15/2022 |
|
Media: Diversified and Production |
|
|
7.75 |
% |
|
3M L+675 |
|
|
|
7,189 |
|
|
|
7,180 |
|
|
|
7,153 |
|
|
Findex Group Limited (5)(10)(11) |
|
05/31/2024 |
|
Diversified Financial Services |
|
|
5.07 |
% |
|
3M L+500 |
|
|
|
AUD 10,000 |
|
|
|
7,323 |
|
|
|
7,151 |
|
|
Gantech Acquisition Corp. |
|
05/14/2026 |
|
IT Services |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
17,413 |
|
|
|
17,082 |
|
|
|
17,064 |
|
|
Gantech Acquisition Corp. (Revolver) (7) |
|
05/14/2026 |
|
IT Services |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
933 |
|
|
|
933 |
|
|
|
915 |
|
|
Gantech Acquisition Corp. (Revolver) (7), (9) |
|
05/14/2026 |
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
2,800 |
|
|
|
— |
|
|
|
(56 |
) |
Global Holdings InterCo LLC |
|
03/16/2026 |
|
Diversified Financial Services |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
3,483 |
|
|
|
3,435 |
|
|
|
3,465 |
|
|
Graffiti Buyer, Inc. (7), (9) |
|
08/10/2023 |
|
Trading Companies & Distributors |
|
|
— |
|
|
|
— |
|
|
|
1,071 |
|
|
|
— |
|
|
|
(5 |
) |
Graffiti Buyer, Inc. (Revolver) (7), (9) |
|
08/10/2027 |
|
Trading Companies & Distributors |
|
|
— |
|
|
|
— |
|
|
|
865 |
|
|
|
— |
|
|
|
(20 |
) |
Hancock Roofing and Construction L.L.C. |
|
12/31/2026 |
|
Insurance |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
3,474 |
|
|
|
3,397 |
|
|
|
3,439 |
|
|
Hancock Roofing and Construction L.L.C. (7), (9) |
|
12/31/2022 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
— |
|
|
|
(15 |
) |
Hancock Roofing and Construction L.L.C. (Revolver) (7), (9) |
|
12/31/2026 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
750 |
|
|
|
— |
|
|
|
(8 |
) |
Holdco Sands Intermediate, LLC |
|
12/19/2025 |
|
Aerospace and Defense |
|
|
7.50 |
% |
|
3M L+600 |
|
|
|
2,983 |
|
|
|
2,941 |
|
|
|
2,968 |
|
|
HW Holdco, LLC |
|
12/10/2024 |
|
Media |
|
|
5.50 |
% |
|
1M L+450 |
|
|
|
7,341 |
|
|
|
7,296 |
|
|
|
7,267 |
|
|
HW Holdco, LLC (Revolver) (7) |
|
12/10/2024 |
|
Media |
|
|
5.50 |
% |
|
1M L+450 |
|
|
|
523 |
|
|
|
523 |
|
|
|
517 |
|
|
HW Holdco, LLC (Revolver) (7), (9) |
|
12/10/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
929 |
|
|
|
— |
|
|
|
(9 |
) |
IG Investments Holdings, LLC (7) |
|
09/22/2028 |
|
Professional Services |
|
|
6.75 |
% |
|
3M L+600 |
|
|
|
4,518 |
|
|
|
4,428 |
|
|
|
4,428 |
|
|
IG Investments Holdings, LLC (Revolver) (7), (9) |
|
09/22/2027 |
|
Professional Services |
|
|
— |
|
|
|
— |
|
|
|
477 |
|
|
|
— |
|
|
|
— |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(in thousands, except share data)
Issuer Name |
|
Maturity |
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (2) |
|
|||||
IMIA Holdings, Inc. |
|
04/09/2027 |
|
Aerospace and Defense |
|
|
6.75 |
% |
|
3M L+600 |
|
|
|
13,144 |
|
|
$ |
12,904 |
|
|
$ |
12,881 |
|
|
IMIA Holdings, Inc. (Revolver) (7), (9) |
|
04/09/2027 |
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
2,343 |
|
|
|
— |
|
|
|
(47 |
) |
Innova Medical Ophthalmics Inc. (5), (10) |
|
04/13/2023 |
|
Capital Equipment |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
3,253 |
|
|
|
3,234 |
|
|
|
3,253 |
|
|
Innova Medical Ophthalmics Inc. (Revolver) (5), (7), (10) |
|
04/13/2023 |
|
Capital Equipment |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
534 |
|
|
|
534 |
|
|
|
534 |
|
|
Integrative Nutrition, LLC |
|
09/29/2023 |
|
Consumer Services |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
16,167 |
|
|
|
16,095 |
|
|
|
16,167 |
|
|
Integrative Nutrition, LLC (Revolver) (7), (9) |
|
09/29/2023 |
|
Consumer Services |
|
|
— |
|
|
|
— |
|
|
|
5,000 |
|
|
|
— |
|
|
|
— |
|
Integrity Marketing Acquisition, LLC (7) |
|
08/27/2025 |
|
Insurance |
|
|
6.25 |
% |
|
3M L+550 |
|
|
|
3,170 |
|
|
|
3,147 |
|
|
|
3,154 |
|
|
Integrity Marketing Acquisition, LLC (7), (9) |
|
07/09/2023 |
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
18,822 |
|
|
|
— |
|
|
|
47 |
|
K2 Pure Solutions NoCal, L.P. (Revolver) (7) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
643 |
|
|
|
643 |
|
|
|
626 |
|
|
K2 Pure Solutions NoCal, L.P. (Revolver) (7), (9) |
|
12/20/2023 |
|
Chemicals, Plastics and Rubber |
|
|
— |
|
|
|
— |
|
|
|
786 |
|
|
|
— |
|
|
|
(21 |
) |
Lash OpCo, LLC |
|
02/18/2027 |
|
Personal Products |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
31,662 |
|
|
|
30,960 |
|
|
|
31,029 |
|
|
Lash OpCo, LLC (Revolver) (7) |
|
08/16/2026 |
|
Personal Products |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
307 |
|
|
|
307 |
|
|
|
301 |
|
|
Lash OpCo, LLC (Revolver) (7), (9) |
|
08/16/2026 |
|
Personal Products |
|
|
— |
|
|
|
— |
|
|
|
1,613 |
|
|
|
— |
|
|
|
(32 |
) |
LAV Gear Holdings, Inc. |
|
10/31/2024 |
|
Capital Equipment |
|
|
8.50 |
% |
|
1M L+750 |
|
|
|
9,487 |
|
|
|
9,453 |
|
|
|
8,892 |
|
|
|
|
|
|
|
|
(PIK 5.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
LAV Gear Holdings, Inc. (Revolver) (7) |
|
10/31/2024 |
|
Capital Equipment |
|
|
8.50 |
% |
|
1M L+750 |
|
|
|
1,691 |
|
|
|
1,691 |
|
|
|
1,585 |
|
|
|
|
|
|
|
|
(PIK 5.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Lightspeed Buyer Inc. |
|
02/03/2026 |
|
Healthcare Technology |
|
|
6.75 |
% |
|
1M L+575 |
|
|
|
29,607 |
|
|
|
29,160 |
|
|
|
29,607 |
|
|
Lightspeed Buyer Inc. (Revolver) (7), (9) |
|
02/03/2026 |
|
Healthcare Technology |
|
|
— |
|
|
|
— |
|
|
|
2,499 |
|
|
|
— |
|
|
|
— |
|
Lombart Brothers, Inc. |
|
04/13/2023 |
|
Capital Equipment |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
14,285 |
|
|
|
14,208 |
|
|
|
14,285 |
|
|
Lombart Brothers, Inc. (Revolver) (7) |
|
04/13/2023 |
|
Capital Equipment |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
516 |
|
|
|
516 |
|
|
|
516 |
|
|
Lucky Bucks, LLC |
|
07/20/2027 |
|
Hotels, Restaurants and Leisure |
|
|
6.25 |
% |
|
3M L+550 |
|
|
|
4,500 |
|
|
|
4,411 |
|
|
|
4,424 |
|
|
MAG DS Corp. |
|
04/01/2027 |
|
Aerospace and Defense |
|
|
6.50 |
% |
|
1M L+550 |
|
|
|
3,891 |
|
|
|
3,721 |
|
|
|
3,502 |
|
|
Magenta Buyer, LLC |
|
07/31/2028 |
|
Software |
|
|
5.75 |
% |
|
3M L+500 |
|
|
|
10,000 |
|
|
|
9,901 |
|
|
|
9,997 |
|
|
Mars Acquisition Holdings Corp. |
|
05/14/2026 |
|
Media |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
6,113 |
|
|
|
5,998 |
|
|
|
6,052 |
|
|
Mars Acquisition Holdings Corp. (Revolver)(7)(9) |
|
05/14/2026 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
1,624 |
|
|
|
— |
|
|
|
(16 |
) |
MBS Holdings, Inc. (Revolver)(7)(9) |
|
04/16/2027 |
|
Internet Software and Services |
|
|
— |
|
|
|
— |
|
|
|
1,157 |
|
|
|
— |
|
|
|
(23 |
) |
MeritDirect, LLC |
|
05/23/2024 |
|
Media |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
25,250 |
|
|
|
25,029 |
|
|
|
24,997 |
|
|
MeritDirect, LLC (Revolver) (7), (9) |
|
05/23/2024 |
|
Media |
|
|
— |
|
|
|
— |
|
|
|
4,482 |
|
|
|
— |
|
|
|
(45 |
) |
Mission Critical Electronics, Inc. |
|
09/28/2022 |
|
Capital Equipment |
|
|
6.00 |
% |
|
1M L+500 |
|
|
|
606 |
|
|
|
604 |
|
|
|
606 |
|
|
Mission Critical Electronics, Inc. (Revolver) (7) |
|
09/28/2022 |
|
Capital Equipment |
|
|
6.00 |
% |
|
1M L+500 |
|
|
|
468 |
|
|
|
468 |
|
|
|
468 |
|
|
Mission Critical Electronics, Inc. (Revolver) (7), (9) |
|
09/28/2022 |
|
Capital Equipment |
|
|
— |
|
|
|
— |
|
|
|
857 |
|
|
|
— |
|
|
|
— |
|
Municipal Emergency Services, Inc. (7) |
|
09/28/2027 |
|
Distributors |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
3,500 |
|
|
|
3,430 |
|
|
|
3,430 |
|
|
Municipal Emergency Services, Inc. (7), (9) |
|
09/28/2027 |
|
Distributors |
|
|
— |
|
|
|
— |
|
|
|
947 |
|
|
|
— |
|
|
|
— |
|
Municipal Emergency Services, Inc. (Revolver) (7), (9) |
|
09/28/2027 |
|
Distributors |
|
|
— |
|
|
|
— |
|
|
|
947 |
|
|
|
— |
|
|
|
— |
|
NBH Group LLC (Revolver) (7), (9) |
|
08/19/2026 |
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
1,677 |
|
|
|
— |
|
|
|
(34 |
) |
OIS Management Services, LLC |
|
07/09/2026 |
|
Healthcare Equipment and Supplies |
|
|
5.75 |
% |
|
3M L+475 |
|
|
|
3,195 |
|
|
|
3,156 |
|
|
|
3,147 |
|
|
OIS Management Services, LLC (7), (9) |
|
07/09/2023 |
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
1,911 |
|
|
|
— |
|
|
|
(14 |
) |
OIS Management Services, LLC (Revolver) (7), (9) |
|
07/09/2026 |
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
444 |
|
|
|
— |
|
|
|
(7 |
) |
One Stop Mailing, LLC |
|
05/07/2027 |
|
Air Freight and Logistics |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
8,952 |
|
|
|
8,779 |
|
|
|
8,795 |
|
|
ORL Acquisition, Inc. (7) |
|
09/03/2027 |
|
Consumer Finance |
|
|
6.25 |
% |
|
3M L+525 |
|
|
|
7,268 |
|
|
|
7,124 |
|
|
|
7,123 |
|
|
ORL Acquisition, Inc. (Revolver) (7), (9) |
|
09/03/2027 |
|
Consumer Finance |
|
|
— |
|
|
|
— |
|
|
|
861 |
|
|
|
— |
|
|
|
— |
|
Output Services Group, Inc. |
|
03/27/2024 |
|
Business Services |
|
|
5.50 |
% |
|
1M L+450 |
|
|
|
4,900 |
|
|
|
4,448 |
|
|
|
4,459 |
|
|
Ox Two, LLC |
|
05/18/2026 |
|
Construction and Building |
|
|
7.00 |
% |
|
1M L+600 |
|
|
|
22,636 |
|
|
|
22,296 |
|
|
|
22,184 |
|
|
Ox Two, LLC (Revolver) (7) |
|
05/18/2026 |
|
Construction and Building |
|
|
7.00 |
% |
|
1M L+600 |
|
|
|
903 |
|
|
|
903 |
|
|
|
885 |
|
|
Ox Two, LLC (Revolver) (7), (9) |
|
05/18/2026 |
|
Construction and Building |
|
|
— |
|
|
|
— |
|
|
|
2,484 |
|
|
|
— |
|
|
|
(50 |
) |
Plant Health Intermediate, Inc. |
|
10/19/2022 |
|
Chemicals, Plastics and Rubber |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
644 |
|
|
|
642 |
|
|
|
644 |
|
|
PlayPower, Inc. |
|
05/08/2026 |
|
Leisure Products |
|
|
5.70 |
% |
|
1M L+550 |
|
|
|
5,074 |
|
|
|
5,037 |
|
|
|
4,981 |
|
|
PRA Events, Inc. |
|
08/07/2025 |
|
Business Services |
|
|
11.50 |
% |
|
1M L+1,050 |
|
|
|
3,158 |
|
|
|
2,724 |
|
|
|
2,985 |
|
|
|
|
|
|
|
|
(PIK 11.50%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Quantic Electronics, LLC |
|
11/19/2026 |
|
Electronic Equipment, Instruments, and Components |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
8,716 |
|
|
|
8,583 |
|
|
|
8,542 |
|
|
Quantic Electronics, LLC (7), (9) |
|
11/19/2026 |
|
Electronic Equipment, Instruments, and Components |
|
|
— |
|
|
|
— |
|
|
|
2,810 |
|
|
|
— |
|
|
|
(28 |
) |
Quantic Electronics, LLC (Revolver) (7), (9) |
|
11/19/2026 |
|
Electronic Equipment, Instruments, and Components |
|
|
— |
|
|
|
— |
|
|
|
670 |
|
|
|
— |
|
|
|
(13 |
) |
Questex, LLC |
|
09/09/2024 |
|
Media: Diversified and Production |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
7,275 |
|
|
|
7,195 |
|
|
|
6,839 |
|
|
Questex, LLC (Revolver) |
|
09/09/2024 |
|
Media: Diversified and Production |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
718 |
|
|
|
718 |
|
|
|
675 |
|
|
Questex, LLC (Revolver) (7), (9) |
|
09/09/2024 |
|
Media: Diversified and Production |
|
|
— |
|
|
|
— |
|
|
|
479 |
|
|
|
— |
|
|
|
(29 |
) |
Rancho Health MSO, Inc. (7) |
|
12/18/2025 |
|
Healthcare Equipment and Supplies |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
1,050 |
|
|
|
1,050 |
|
|
|
1,050 |
|
|
Rancho Health MSO, Inc. (Revolver) (7), (9) |
|
12/18/2025 |
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
525 |
|
|
|
— |
|
|
|
— |
|
Recteq, LLC |
|
01/29/2026 |
|
Leisure Products |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
1,493 |
|
|
|
1,466 |
|
|
|
1,478 |
|
|
Recteq, LLC (Revolver) (7), (9) |
|
01/29/2026 |
|
Leisure Products |
|
|
— |
|
|
|
— |
|
|
|
1,296 |
|
|
|
— |
|
|
|
(13 |
) |
Research Horizons, LLC |
|
06/28/2022 |
|
Media: Advertising, Printing and Publishing |
|
|
7.25 |
% |
|
3M L+625 |
|
|
|
6,719 |
|
|
|
6,694 |
|
|
|
6,652 |
|
|
Research Now Group, Inc. and Dynata, LLC |
|
12/20/2024 |
|
Business Services |
|
|
6.50 |
% |
|
3M L+550 |
|
|
|
17,322 |
|
|
|
17,099 |
|
|
|
17,102 |
|
|
Riverpoint Medical, LLC |
|
06/20/2025 |
|
Healthcare Equipment and Supplies |
|
|
6.00 |
% |
|
3M L+450 |
|
|
|
8,115 |
|
|
|
8,039 |
|
|
|
8,015 |
|
|
Riverpoint Medical, LLC (Revolver) (7), (9) |
|
06/20/2025 |
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
909 |
|
|
|
— |
|
|
|
(11 |
) |
Riverside Assessments, LLC |
|
03/10/2025 |
|
Professional Services |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
16,174 |
|
|
|
15,950 |
|
|
|
15,769 |
|
|
Sales Benchmark Index LLC |
|
01/03/2025 |
|
Professional Services |
|
|
7.75 |
% |
|
3M L+600 |
|
|
|
7,906 |
|
|
|
7,796 |
|
|
|
7,708 |
|
|
Sales Benchmark Index LLC (Revolver) (7), (9) |
|
01/03/2025 |
|
Professional Services |
|
— |
|
|
|
— |
|
|
|
1,293 |
|
|
|
— |
|
|
|
(32 |
) |
|
Sargent & Greenleaf Inc. |
|
12/20/2024 |
|
Electronic Equipment, Instruments, and Components |
|
|
7.00 |
% |
|
1M L+550 |
|
|
|
3,694 |
|
|
|
3,656 |
|
|
|
3,694 |
|
|
Sargent & Greenleaf Inc. (Revolver) |
|
12/20/2024 |
|
Electronic Equipment, Instruments, and Components |
|
|
7.00 |
% |
|
1M L+550 |
|
|
|
528 |
|
|
|
528 |
|
|
|
528 |
|
|
Sargent & Greenleaf Inc. (Revolver) (7),(9) |
|
12/20/2024 |
|
Electronic Equipment, Instruments, and Components |
|
— |
|
|
|
— |
|
|
|
528 |
|
|
|
— |
|
|
|
— |
|
|
Schlesinger Global, Inc. |
|
07/14/2025 |
|
Professional Services |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
13,377 |
|
|
|
13,275 |
|
|
|
12,775 |
|
|
Schlesinger Global, Inc. (Revolver) |
|
07/14/2025 |
|
Professional Services |
|
|
8.00 |
% |
|
1M L+700 |
|
|
|
1,181 |
|
|
|
1,181 |
|
|
|
1,128 |
|
|
Schlesinger Global, Inc. (Revolver) (7), (9) |
|
07/14/2025 |
|
Professional Services |
|
|
— |
|
|
|
— |
|
|
|
691 |
|
|
|
— |
|
|
|
(31 |
) |
Sigma Defense Systems, LLC |
|
12/18/2025 |
|
IT Services |
|
|
9.75 |
% |
|
3M L+875 |
|
|
|
805 |
|
|
|
787 |
|
|
|
791 |
|
|
Sigma Defense Systems, LLC (Revolver) (7), (9) |
|
12/18/2025 |
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
837 |
|
|
|
— |
|
|
|
(15 |
) |
Signature Systems Holding Company |
|
05/03/2024 |
|
Commercial Services & Supplies |
|
|
8.50 |
% |
|
1M L+750 |
|
|
|
11,700 |
|
|
|
11,598 |
|
|
|
11,583 |
|
|
Signature Systems Holding Company (Revolver) (7) |
|
05/03/2024 |
|
Commercial Services & Supplies |
|
|
8.50 |
% |
|
1M L+750 |
|
|
|
419 |
|
|
|
419 |
|
|
|
415 |
|
|
Signature Systems Holding Company (Revolver) (9) |
|
05/03/2024 |
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
1,328 |
|
|
|
— |
|
|
|
(13 |
) |
Signature Systems Holding Company - Term Loan II |
|
12/31/2021 |
|
Commercial Services & Supplies |
|
|
8.50 |
% |
|
1M L+750 |
|
|
|
699 |
|
|
|
695 |
|
|
|
692 |
|
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(in thousands, except share data)
Issuer Name |
|
Maturity |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (2) |
|
||||||
Smile Brands Inc. |
|
10/14/2024 |
|
|
Healthcare and Pharmaceuticals |
|
|
5.27 |
% |
|
1M L+450 |
|
|
|
1,962 |
|
|
$ |
1,962 |
|
|
$ |
1,942 |
|
||
Smile Brands Inc. (Revolver) (7), (9) |
|
10/14/2024 |
|
|
Healthcare and Pharmaceuticals |
|
|
— |
|
|
|
— |
|
|
|
1,616 |
|
|
|
— |
|
|
|
(16 |
) |
|
Snak Club, LLC (Revolver) (7) |
|
07/19/2021 |
|
|
Beverage, Food and Tobacco |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
67 |
|
|
|
67 |
|
|
|
67 |
|
||
Snak Club, LLC (Revolver) (7), (9) |
|
07/19/2021 |
|
|
Beverage, Food and Tobacco |
|
|
— |
|
|
|
— |
|
|
|
428 |
|
|
|
— |
|
|
|
— |
|
|
Solutionreach, Inc. |
|
01/17/2024 |
|
|
Healthcare Technology |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
5,989 |
|
|
|
5,928 |
|
|
|
5,989 |
|
||
Solutionreach, Inc. (Revolver) (7), (9) |
|
01/17/2024 |
|
|
Healthcare Technology |
|
— |
|
|
|
— |
|
|
|
1,665 |
|
|
|
— |
|
|
|
— |
|
||
Spear Education, LLC |
|
02/26/2025 |
|
|
Professional Services |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
14,898 |
|
|
|
14,752 |
|
|
|
14,898 |
|
||
Spear Education, LLC (7), (9) |
|
02/26/2022 |
|
|
Professional Services |
|
— |
|
|
|
— |
|
|
|
6,875 |
|
|
|
— |
|
|
|
— |
|
||
Spectacle Gary Holdings, LLC |
|
12/23/2025 |
|
|
Hotels, Restaurants and Leisure |
|
|
11.00 |
% |
|
1M L+900 |
|
|
|
4,988 |
|
|
|
4,871 |
|
|
|
5,415 |
|
||
STV Group Incorporated |
|
12/11/2026 |
|
|
Construction & Engineering |
|
|
5.33 |
% |
|
1M L+525 |
|
|
|
4,752 |
|
|
|
4,712 |
|
|
|
4,728 |
|
||
TAC LifePort Purchaser, LLC |
|
03/01/2026 |
|
|
Aerospace and Defense |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
531 |
|
|
|
521 |
|
|
|
531 |
|
||
TAC LifePort Purchaser, LLC (Revolver) (7), (9) |
|
03/01/2026 |
|
|
Aerospace and Defense |
|
— |
|
|
— |
|
|
|
1,302 |
|
|
|
— |
|
|
|
(0 |
) |
|||
TeleGuam Holdings, LLC |
|
11/20/2025 |
|
|
Wireless Telecommunication Services |
|
|
5.50 |
% |
|
1M L+450 |
|
|
|
3,127 |
|
|
|
3,103 |
|
|
|
3,096 |
|
||
Teneo Holdings LLC |
|
07/18/2025 |
|
|
Diversified Financial Services |
|
|
6.25 |
% |
|
1M L+525 |
|
|
|
5,853 |
|
|
|
5,754 |
|
|
|
5,821 |
|
||
The Aegis Technologies Group, LLC |
|
10/31/2025 |
|
|
Aerospace and Defense |
|
|
7.00 |
% |
|
3M L+600 |
|
|
|
4,968 |
|
|
|
4,900 |
|
|
|
4,919 |
|
||
The Bluebird Group LLC |
|
07/27/2026 |
|
|
Professional Services |
|
|
8.00 |
% |
|
3M L+700 |
|
|
|
4,844 |
|
|
|
4,750 |
|
|
|
4,814 |
|
||
The Bluebird Group LLC (Revolver) (7), (9) |
|
07/27/2026 |
|
|
Professional Services |
|
— |
|
|
— |
|
|
|
862 |
|
|
|
— |
|
|
|
(5 |
) |
|||
The Infosoft Group, LLC |
|
09/16/2024 |
|
|
Media: Broadcasting and Subscription |
|
|
6.75 |
% |
|
3M L+575 |
|
|
|
15,725 |
|
|
|
15,633 |
|
|
|
15,725 |
|
||
The Vertex Companies, LLC (7), (9) |
|
08/30/2027 |
|
|
Construction & Engineering |
|
|
— |
|
|
|
— |
|
|
|
2,734 |
|
|
|
— |
|
|
|
(24 |
) |
|
The Vertex Companies, LLC (Revolver) (7), (9) |
|
08/30/2027 |
|
|
Construction & Engineering |
|
|
— |
|
|
|
— |
|
|
|
911 |
|
|
|
— |
|
|
|
(17 |
) |
|
TPC Canada Parent, Inc. and TPC US Parent, LLC (5), (10) |
|
11/24/2025 |
|
|
Food Products |
|
|
6.25 |
% |
|
3M L+525 |
|
|
|
4,913 |
|
|
|
4,876 |
|
|
|
4,765 |
|
||
TVC Enterprises, LLC |
|
03/26/2026 |
|
|
Commercial Services & Supplies |
|
|
6.75 |
% |
|
1M L+575 |
|
|
|
24,987 |
|
|
|
24,663 |
|
|
|
24,987 |
|
||
TVC Enterprises, LLC (Revolver) (7), (9) |
|
03/26/2026 |
|
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
1,304 |
|
|
|
— |
|
|
|
— |
|
|
TWS Acquisition Corporation |
|
06/16/2025 |
|
|
Diversified Consumer Services |
|
|
7.25 |
% |
|
1M L+625 |
|
|
|
6,636 |
|
|
|
6,524 |
|
|
|
6,636 |
|
||
TWS Acquisition Corporation (Revolver) (7), (9) |
|
06/16/2025 |
|
|
Diversified Consumer Services |
|
|
— |
|
|
|
— |
|
|
|
2,628 |
|
|
|
— |
|
|
|
— |
|
|
Tyto Athene, LLC |
|
04/01/2028 |
|
|
IT Services |
|
|
6.25 |
% |
|
1M L+550 |
|
|
|
12,036 |
|
|
|
11,861 |
|
|
|
12,036 |
|
||
Tyto Athene, LLC (Revolver) (7), (9) |
|
04/01/2026 |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
1,040 |
|
|
|
— |
|
|
|
— |
|
|
UBEO, LLC |
|
04/03/2024 |
|
|
Capital Equipment |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
18,112 |
|
|
|
18,015 |
|
|
|
18,022 |
|
||
UBEO, LLC (Revolver) |
|
04/03/2024 |
|
|
Capital Equipment |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
1,467 |
|
|
|
1,467 |
|
|
|
1,459 |
|
||
UBEO, LLC (Revolver) (9) |
|
04/03/2024 |
|
|
Capital Equipment |
|
|
— |
|
|
|
— |
|
|
|
1,467 |
|
|
|
— |
|
|
|
(7 |
) |
|
Urology Management Associates, LLC |
|
08/30/2024 |
|
|
Healthcare Providers and Services |
|
|
5.50 |
% |
|
3M L+450 |
|
|
|
4,776 |
|
|
|
4,721 |
|
|
|
4,752 |
|
||
Vision Purchaser Corporation |
|
06/10/2025 |
|
|
Media |
|
|
7.75 |
% |
|
1M L+675 |
|
|
|
14,249 |
|
|
|
14,045 |
|
|
|
14,035 |
|
||
Walker Edison Furniture Company LLC |
|
03/31/2027 |
|
|
Wholesale |
|
|
6.75 |
% |
|
1M L+575 |
|
|
|
12,438 |
|
|
|
12,147 |
|
|
|
11,971 |
|
||
Wildcat Buyerco, Inc. |
|
02/27/2026 |
|
|
Electronic Equipment, Instruments, and Components |
|
|
6.00 |
% |
|
3M L+500 |
|
|
|
3,057 |
|
|
|
3,039 |
|
|
|
3,042 |
|
||
Wildcat Buyerco, Inc. (7), (9) |
|
02/27/2022 |
|
|
Electronic Equipment, Instruments, and Components |
|
— |
|
|
|
— |
|
|
|
2,491 |
|
|
|
— |
|
|
|
16 |
|
||
Wildcat Buyerco, Inc. (Revolver) (7), (9) |
|
02/27/2026 |
|
|
Electronic Equipment, Instruments, and Components |
|
— |
|
|
|
— |
|
|
|
534 |
|
|
|
— |
|
|
|
(7 |
) |
||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
772,799 |
|
|
|
764,584 |
|
||||
Second Lien Secured Debt—0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Mailsouth Inc. (7) |
|
04/23/2025 |
|
|
Media: Advertising, Printing and Publishing |
|
|
15.00 |
% |
|
|
— |
|
|
|
864 |
|
|
|
864 |
|
|
|
864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|||
|
|
|
|
|
|
|
(PIK 15.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
PT Network Intermediate Holdings, LLC (7) |
|
11/30/2024 |
|
|
Healthcare and Pharmaceuticals |
|
|
11.00 |
% |
|
3M L+1,000 |
|
|
|
2,343 |
|
|
|
2,331 |
|
|
|
2,343 |
|
||
|
|
|
|
|
|
|
(PIK 11.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
QuantiTech LLC |
|
02/04/2027 |
|
|
Aerospace and Defense |
|
|
11.00 |
% |
|
3M L+1,000 |
|
|
|
150 |
|
|
|
147 |
|
|
|
147 |
|
||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,343 |
|
|
|
3,355 |
|
||||
Preferred Equity— 1.3% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ad.net Holdings, Inc. (7),(8) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
6,720 |
|
|
|
672 |
|
|
|
672 |
|
CI (PTN) Investment Holdings II, LLC |
|
|
— |
|
|
Healthcare and Pharmaceuticals |
|
|
— |
|
|
|
— |
|
|
|
1,458 |
|
|
|
22 |
|
|
|
— |
|
(PT Network, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Mars Intermediate Holdings II, Inc. (7) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
835 |
|
|
|
835 |
|
|
|
872 |
|
MeritDirect Holdings, LP (7), (8) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
960 |
|
|
|
960 |
|
|
|
1,232 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) (7) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
733 |
|
|
|
733 |
|
|
|
926 |
|
ORL Holdco, Inc. (7) |
|
|
— |
|
|
Consumer Finance |
|
|
— |
|
|
|
— |
|
|
|
1,327 |
|
|
|
133 |
|
|
|
133 |
|
PT Network Intermediate Holdings, LLC (7),(8) |
|
|
— |
|
|
Healthcare and Pharmaceuticals |
|
|
11.00 |
% |
|
3M L+1,000 |
|
|
|
33 |
|
|
|
429 |
|
|
|
536 |
|
|
Signature CR Intermediate Holdco, Inc. (7) |
|
|
— |
|
|
Commercial Services & Supplies |
|
|
12.00 |
% |
|
|
— |
|
|
|
1,323 |
|
|
|
1,323 |
|
|
|
1,628 |
|
TPC Holding Company, LP (5), (7), (10) |
|
|
— |
|
|
Food Products |
|
|
— |
|
|
|
— |
|
|
|
409 |
|
|
|
409 |
|
|
|
490 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) (7) |
|
|
— |
|
|
Construction & Engineering |
|
|
— |
|
|
|
— |
|
|
|
37 |
|
|
|
37 |
|
|
|
37 |
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,016 |
|
|
|
6,525 |
|
||||
Common Equity/Warrants— 16.8% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ad.net Holdings, Inc. (7),(8) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
7,467 |
|
|
|
75 |
|
|
|
137 |
|
Affinion Group Holdings, Inc. (Warrants)(7) |
|
04/10/2024 |
|
|
Consumer Goods: Durable |
|
|
— |
|
|
|
— |
|
|
|
8,893 |
|
|
|
245 |
|
|
|
— |
|
|
AG Investco LP (7), (8) |
|
|
— |
|
|
Software |
|
|
— |
|
|
|
— |
|
|
|
805,164 |
|
|
|
805 |
|
|
|
1,192 |
|
AG Investco LP (7), (8), (9) |
|
|
— |
|
|
Software |
|
|
— |
|
|
|
— |
|
|
|
194,836 |
|
|
|
— |
|
|
|
— |
|
Altamira Intermediate Company II, Inc. (7) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
1,437,500 |
|
|
|
1,438 |
|
|
|
378 |
|
By Light Investco LP (7), (8) |
|
|
— |
|
|
High Tech Industries |
|
|
— |
|
|
|
— |
|
|
|
21,908 |
|
|
|
2,100 |
|
|
|
12,799 |
|
By Light Investco LP (7), (8), (9) |
|
|
— |
|
|
High Tech Industries |
|
|
— |
|
|
|
— |
|
|
|
7,401 |
|
|
|
— |
|
|
|
— |
|
CI (Allied) Investment Holdings, LLC |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
120,962 |
|
|
|
1,243 |
|
|
|
475 |
|
(PRA Events, Inc.) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
CI (PTN) Investment Holdings II, LLC |
|
|
— |
|
|
Healthcare and Pharmaceuticals |
|
|
— |
|
|
|
— |
|
|
|
13,333 |
|
|
|
200 |
|
|
|
— |
|
(PT Network, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Connatix Parent, LLC (7) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
38,278 |
|
|
|
421 |
|
|
|
423 |
|
Crane 1 Acquisition Parent Holdings, L.P. (7) |
|
|
— |
|
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
130 |
|
|
|
120 |
|
|
|
120 |
|
Crash Champions Holdings, LLC (7),(8) |
|
|
— |
|
|
Automobiles |
|
|
— |
|
|
|
— |
|
|
|
75 |
|
|
|
678 |
|
|
|
764 |
|
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(in thousands, except share data)
Issuer Name |
|
Maturity |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (2) |
|
||||||
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (8) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
502,435 |
|
|
$ |
502 |
|
|
$ |
430 |
|
Delta InvestCo LP (Sigma Defense Systems, LLC) (7), (8),(9) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
502,435 |
|
|
|
— |
|
|
|
(73 |
) |
ECM Investors, LLC (7), (8) |
|
|
— |
|
|
Electronic Equipment, Instruments, and Components |
|
|
— |
|
|
|
— |
|
|
|
295,982 |
|
|
|
72 |
|
|
|
997 |
|
eCommission Holding Corporation (7), (10) |
|
|
— |
|
|
Banking, Finance, Insurance & Real Estate |
|
|
— |
|
|
|
— |
|
|
|
20 |
|
|
|
251 |
|
|
|
288 |
|
FedHC InvestCo LP (7),(8) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
4,951 |
|
|
|
495 |
|
|
|
504 |
|
FedHC InvestCo LP (7),(8),(9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
6,051 |
|
|
|
— |
|
|
|
— |
|
Gauge InfosoftCoInvest, LLC |
|
|
— |
|
|
Media: Broadcasting and Subscription |
|
|
— |
|
|
|
— |
|
|
|
500 |
|
|
|
144 |
|
|
|
2,217 |
|
(The Infosoft Group, LLC) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Gauge Lash Coinvest LLC (7) |
|
|
— |
|
|
Personal Products |
|
|
— |
|
|
|
— |
|
|
|
1,485,953 |
|
|
|
227 |
|
|
|
5,944 |
|
Gauge Schlesinger Coinvest LLC (7) |
|
|
— |
|
|
Professional Services |
|
|
— |
|
|
|
— |
|
|
|
437 |
|
|
|
437 |
|
|
|
440 |
|
Gauge TVC Coinvest, LLC (TVC Enterprises, LLC) (7) |
|
|
— |
|
|
Professional Services |
|
|
— |
|
|
|
— |
|
|
|
391,144 |
|
|
|
— |
|
|
|
1,285 |
|
GCOM InvestCo LP (7),(8) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
17,951 |
|
|
|
2,930 |
|
|
|
3,404 |
|
GCOM InvestCo LP (7), (8), (9) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
2,398 |
|
|
|
— |
|
|
|
— |
|
Go Dawgs Capital III, LP |
|
|
— |
|
|
Building Products |
|
|
— |
|
|
|
— |
|
|
|
324,675 |
|
|
|
325 |
|
|
|
406 |
|
(American Insulated Glass, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Hancock Claims Consultants Investors, LLC (7), (8) |
|
|
— |
|
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
450,000 |
|
|
|
450 |
|
|
|
613 |
|
IIN Group Holdings, LLC |
|
|
— |
|
|
Consumer Services |
|
|
— |
|
|
|
— |
|
|
|
1,000 |
|
|
|
1,000 |
|
|
|
1,950 |
|
(Integrative Nutrition, LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Ironclad Holdco, LLC (Applied Technical Services, LLC) (7), (8) |
|
|
— |
|
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
5,040 |
|
|
|
496 |
|
|
|
552 |
|
ITC Rumba, LLC (Cano Health, LLC) (7),(8) |
|
|
— |
|
|
Healthcare and Pharmaceuticals |
|
|
— |
|
|
|
— |
|
|
|
46,763 |
|
|
|
110 |
|
|
|
7,569 |
|
JWC/UMA Holdings, L.P. (Urology Management Associates, LLC) (7) |
|
|
— |
|
|
Healthcare and Pharmaceuticals |
|
|
— |
|
|
|
— |
|
|
|
1,000 |
|
|
|
1,000 |
|
|
|
1,667 |
|
JWC-WE Holdings, L.P. |
|
|
— |
|
|
Wholesale |
|
|
— |
|
|
|
— |
|
|
|
1,381,741 |
|
|
|
— |
|
|
|
4,795 |
|
(Walker Edison Furniture Company LLC) (7), (8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
KL Stockton Co-Invest LP (Any Hour Services) (7),(8) |
|
|
— |
|
|
Energy Equipment and Services |
|
|
— |
|
|
|
— |
|
|
|
382,353 |
|
|
|
382 |
|
|
|
382 |
|
Kentucky Racing Holdco, LLC (Warrants) (7), (8) |
|
|
— |
|
|
Hotels, Restaurants and Leisure |
|
|
— |
|
|
|
— |
|
|
|
87,345 |
|
|
|
— |
|
|
|
621 |
|
Lightspeed Investment Holdco LLC (7) |
|
|
— |
|
|
Healthcare Technology |
|
|
— |
|
|
|
— |
|
|
|
585,587 |
|
|
|
586 |
|
|
|
674 |
|
Mars Intermediate Holdings II, Inc. (7) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
835 |
|
|
|
— |
|
|
|
341 |
|
MeritDirect Holdings, LP (7), (8) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
960 |
|
|
|
— |
|
|
|
224 |
|
MSpark, LLC (Mailsouth Inc.) |
|
|
— |
|
|
Media: Advertising, Printing and Publishing |
|
|
— |
|
|
|
— |
|
|
|
3,988 |
|
|
|
1,288 |
|
|
|
859 |
|
Municipal Emergency Services, Inc. (7) |
|
|
— |
|
|
Distributors |
|
|
— |
|
|
|
— |
|
|
|
802,162 |
|
|
|
802 |
|
|
|
802 |
|
NEPRT Parent Holdings, LLC (Recteq, LLC) (7), (8) |
|
|
— |
|
|
Leisure Products |
|
|
— |
|
|
|
— |
|
|
|
1,494 |
|
|
|
1,452 |
|
|
|
1,767 |
|
NXOF Holdings, Inc. (Tyto Athene, LLC) (7) |
|
|
— |
|
|
IT Services |
|
|
— |
|
|
|
— |
|
|
|
14,960 |
|
|
|
15 |
|
|
|
855 |
|
OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) (7), (8) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
173,638 |
|
|
|
1,729 |
|
|
|
2,870 |
|
Oral Surgery (ITC) Holdings, LLC (OIS Management Services, LLC) (7),(8) |
|
|
— |
|
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
3,872 |
|
|
|
83 |
|
|
|
83 |
|
ORL Holdco, Inc. (7) |
|
|
— |
|
|
Consumer Finance |
|
|
— |
|
|
|
— |
|
|
|
1,474 |
|
|
|
15 |
|
|
|
15 |
|
PennantPark-TSO Senior Loan Fund, LP (7) |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
15,321,693 |
|
|
|
15,322 |
|
|
|
15,574 |
|
PT Network Intermediate Holdings, LLC (7),(8) |
|
|
— |
|
|
Healthcare and Pharmaceuticals |
|
|
|
|
|
|
|
|
25 |
|
|
|
295 |
|
|
|
2,485 |
|
||
QuantiTech InvestCo LP (7), (8) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
700 |
|
|
|
66 |
|
|
|
365 |
|
QuantiTech InvestCo LP (7), (8), (9) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
967 |
|
|
|
— |
|
|
|
— |
|
QuantiTech InvestCo II LP (7), (8), |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
40 |
|
|
|
24 |
|
|
|
21 |
|
RFMG Parent, LP (Rancho Health MSO, Inc.) (7) |
|
|
— |
|
|
Healthcare Equipment and Supplies |
|
|
— |
|
|
|
— |
|
|
|
1,050,000 |
|
|
|
1,050 |
|
|
|
1,253 |
|
SBI Holdings Investments LLC (Sales Benchmark Index LLC) (7), (8) |
|
|
— |
|
|
Professional Services |
|
|
— |
|
|
|
— |
|
|
|
64,634 |
|
|
|
646 |
|
|
|
492 |
|
Signature CR Intermediate Holdco, Inc. (7) |
|
|
— |
|
|
Commercial Services & Supplies |
|
|
— |
|
|
|
— |
|
|
|
70 |
|
|
|
70 |
|
|
|
— |
|
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Capital Equipment |
|
|
— |
|
|
|
— |
|
|
|
500 |
|
|
|
500 |
|
|
|
630 |
|
Class A (US Dominion, Inc.) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
SSC Dominion Holdings, LLC |
|
|
— |
|
|
Capital Equipment |
|
|
— |
|
|
|
— |
|
|
|
500 |
|
|
|
— |
|
|
|
1,178 |
|
Class B (US Dominion, Inc.) (7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
StellPen Holdings, LLC (CF512, Inc.) (7) |
|
|
— |
|
|
Media |
|
|
— |
|
|
|
— |
|
|
|
161,538 |
|
|
|
162 |
|
|
|
162 |
|
TAC LifePort Holdings, LLC (7),(8) |
|
|
— |
|
|
Aerospace and Defense |
|
|
— |
|
|
|
— |
|
|
|
488,372 |
|
|
|
488 |
|
|
|
545 |
|
TPC Holding Company, LP (5), (7), (10) |
|
|
— |
|
|
Food Products |
|
|
— |
|
|
|
— |
|
|
|
21,527 |
|
|
|
22 |
|
|
|
62 |
|
TWD Parent Holdings, LLC (The Vertex Companies, LLC) (7) |
|
|
— |
|
|
Construction & Engineering |
|
|
— |
|
|
|
— |
|
|
|
749 |
|
|
|
1 |
|
|
|
1 |
|
UniTek Global Services, Inc. (7) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
213,739 |
|
|
|
— |
|
|
|
— |
|
UniTek Global Services, Inc. (Warrants) (7) |
|
|
— |
|
|
Telecommunications |
|
|
— |
|
|
|
— |
|
|
|
23,889 |
|
|
|
— |
|
|
|
— |
|
UniVista Insurance (7),(8) |
|
|
— |
|
|
Insurance |
|
|
— |
|
|
|
— |
|
|
|
400 |
|
|
|
400 |
|
|
|
405 |
|
Wildcat Parent, LP (Wildcat Buyerco, Inc.) (7), (8) |
|
|
— |
|
|
Electronic Equipment, Instruments, and Components |
|
|
— |
|
|
|
— |
|
|
|
2,240 |
|
|
|
224 |
|
|
|
398 |
|
Total Common Equity/Warrants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,384 |
|
|
|
82,342 |
|
||||
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
824,542 |
|
|
|
856,806 |
|
|||||||||
Investments in Non-Controlled, Affiliated Portfolio Companies—1.5% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Second Lien Secured Debt—1.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
DBI Holdings, LLC, Term Loan B |
|
02/02/2026 |
|
|
Business Services |
|
|
11.00 |
% |
|
|
— |
|
|
|
3,405 |
|
|
|
3,405 |
|
|
|
3,405 |
|
|
|
|
|
|
|
|
|
(PIK 3.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
DBI Holding, LLC - 1.5 Lien Term Loan (7) |
|
05/01/2023 |
|
|
Business Services |
|
|
14.00 |
% |
|
|
— |
|
|
|
2,190 |
|
|
|
2,190 |
|
|
|
2,190 |
|
|
|
|
|
|
|
|
|
(PIK 14.00%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total Second Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,594 |
|
|
|
5,594 |
|
||||
Preferred Equity— 0.4% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
DBI Intermediate HoldCo LLC, Series A-1 (8) |
|
|
— |
|
|
Business Services |
|
|
14.00 |
% |
|
|
— |
|
|
|
9,488 |
|
|
|
7,041 |
|
|
|
- |
|
DBI Intermediate HoldCo LLC, Series AA (8) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
9,800 |
|
|
|
9,414 |
|
|
|
1,839 |
|
Total Preferred Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,455 |
|
|
|
1,839 |
|
||||
Common Equity— 0.0% (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
DBI Intermediate HoldCo LLC, Series B (8) |
|
|
— |
|
|
Business Services |
|
|
— |
|
|
|
— |
|
|
|
1,489,508 |
|
|
|
331 |
|
|
|
— |
|
Total Common Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
331 |
|
|
|
— |
|
||||
Total Investments in Non-Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
22,380 |
|
|
|
7,433 |
|
|||||||||
PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS—(Continued)
SEPTEMBER 30, 2021
(in thousands, except share data)
Issuer Name |
|
Maturity |
|
|
Industry |
|
Current |
|
|
Basis Point |
|
|
Par / |
|
|
Cost |
|
|
Fair Value (2) |
|
||||||
Investments in Controlled, Affiliated Portfolio Companies—44.3% (3), (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
First Lien Secured Debt—34.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Marketplace Events, LLC - Super Priority First Lien Term Loan (7) |
|
09/30/2025 |
|
|
Media: Diversified and Production |
|
|
6.25 |
% |
|
3M L+525 |
|
|
|
3,417 |
|
|
$ |
3,417 |
|
|
$ |
3,417 |
|
||
|
|
|
|
|
|
|
(PIK 6.25%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
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 |
|
|
0.00 |
% |
(6) |
|
— |
|
|
|
25,542 |
|
|
|
19,047 |
|
|
|
25,542 |
|
|
PennantPark Senior Secured Loan Fund I LLC (7), (9), (10) |
|
05/06/2024 |
|
|
Financial Services |
|
|
8.13 |
% |
|
3M L+800 |
|
|
|
140,875 |
|
|
|
140,875 |
|
|
|
140,875 |
|
||
Total First Lien Secured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
163,339 |
|
|
|
169,834 |
|
||||
Equity Interests—9.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
New MPE Holdings, LLC (Marketplace Events, LLC) (7),(8) |
|
|
— |
|
|
Media: Diversified and Production |
|
|
— |
|
|
|
— |
|
|
|
349 |
|
|
|
— |
|
|
|
2,690 |
|
PennantPark Senior Secured Loan Fund I LLC (7), (9), (10) |
|
|
— |
|
|
Financial Services |
|
|
— |
|
|
|
— |
|
|
|
60,375 |
|
|
|
60,375 |
|
|
|
44,856 |
|
Total Equity Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,375 |
|
|
|
47,546 |
|
||||
Total Investments in Controlled, Affiliated Portfolio Companies |
|
|
|
|
|
|
|
|
|
|
|
223,714 |
|
|
|
217,380 |
|
|||||||||
Total Investments—220.5% |
|
|
|
|
|
|
|
|
|
|
|
1,070,636 |
|
|
|
1,081,619 |
|
|||||||||
Cash and Cash Equivalents—10.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
BlackRock Federal FD Institutional 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,433 |
|
|
|
7,433 |
|
||||
BNY Mellon Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42,392 |
|
|
|
42,392 |
|
||||
Total Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49,825 |
|
|
|
49,825 |
|
||||
Total Investments and Cash Equivalents—230.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,120,461 |
|
|
$ |
1,131,444 |
|
||||
Liabilities in Excess of Other Assets—(130.6)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(640,833 |
) |
|||||
Net Assets—100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
490,611 |
|
|||||
Par amount is denominated in Canadian Dollars (C$) as denoted.
