PennantPark Floating Rate Capital Ltd. (PFLT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, and good morning, everyone. Welcome to Pendant Park Floating Rate Capital's third fiscal quarter 2025 earnings conference call. I'm joined today by Rick Olordo, our Chief Financial Officer. Rick, please start off by disclosing some general conference call information and include a discussion about forward-looking statements. Thank you, Art. I'd like to remind everyone that today's call is being recorded. Please note that this call is the property of Pendant Park Floating Rate Capital's and that any unauthorized broadcast of this call in any form is strictly prohibited. An audio replay of the call will be available on our website. I'd also like to call your attention to the customary safe harbor disclosure in our press release regarding forward-looking information. Today's conference call may also include forward-looking statements and projections, and we ask that you refer to our most recent filings with the SEC or important factors that could cause actual results to differ materially from these projections. We do not undertake to update our forward-looking statements unless required by law. To obtain copies of our latest SEC filings, please visit our website at pennandpark.com or call us at 212-905-1000. At this time, I'd like to turn the call back to our Chairman and Chief Executive Officer, Art Penn. Thanks, Rick. I'm going to spend a few minutes discussing how we fared in the quarter into June 30th, highlight the financing activities we executed during the quarter to strengthen the balance sheets of both PFLT and the PSSL joint venture. Then I'll comment on our new joint venture, the current market environment for private middle market lending, and how the portfolio is positioned for upcoming quarters. Rick will conclude with a detailed review of the f...