How Floating Rate Notes Perform When Credit Spreads Widen

When credit spreads widen, corporate FRN prices may decline temporarily as investors demand greater compensation for credit ...

Main Street Capital's Valuation Problem: How Interest Rates Could Derail Its Dividend Appeal

Main Street Capital Corporation remains overvalued, with fair value estimated at $54 per share amid elevated NAV multiples. MAIN faces significant interest rate sensitivity, as 65% of debt investments ...

PennantPark Floating Rate Capital Ltd. Prices Public Offering of $200 Million 6.75% Notes

PennantPark Floating Rate Capital Ltd. (the “ Company ”) (NYSE: PFLT) today announced that it has priced an underwritten public offering of $200 million aggregate principal amount of its 6.75% notes ...
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Bank Of America To Redeem $2 Bln Fixed/Floating Rate Senior Notes Maturing In July 2026

(RTTNews) - Bank of America Corp. (BAC) announced that it will redeem on July 22, 2025 all $2 billion principal amount outstanding of its 4.827% Fixed/Floating Rate Senior Notes, due July 2026, at a ...