PennantPark Floating Rate Capital appoints José Briones to its Board of Directors

– USA, FL –  PennantPark Floating Rate Capital Ltd. (NYSE: PFLT | TASE: PFLT) today announced the appointment of José Briones to its Board of Directors, effective May 3, 2022, bringing the Board to six members.

Mr. Briones is a Senior Partner at PennantPark Investment Advisers, LLC.

“On behalf of the Company’s Board of Directors and PennantPark, I am delighted to welcome José to the Company’s Board of Directors. José has been instrumental to our success, and we look forward to his contributions for many years ahead,” said Chairman and CEO, Art Penn. “Our firm continues to provide investors attractive risk/return across the middle market credit landscape, driven by our relationship-focused origination profile in the core middle market, where we are an important strategic capital provider to growing companies.”

About José A. Briones, Jr.

Mr. Briones joined PennantPark in December 2009 and oversees originating, underwriting, executing, and monitoring investments for the company. He is also responsible for various strategic initiatives.

Before joining PennantPark, he was a Partner at Apollo Investment Management, L.P., and a member of its investment committee from 2006 until he joined PennantPark. Mr. Briones also spent time with UBS Securities, JP Morgan, BT Securities, and BT Alex Brown Inc.

About PennantPark Floating Rate Capital Ltd

PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including the first lien secured debt, second lien secured debt, and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

About PennantPark Investment Advisers, LLC

PennantPark Investment Advisers, LLC is a leading middle-market credit platform, managing $6 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, and Los Angeles.

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