PhenixFIN Corporation 5.25% Notes due 2028
PFXNZ
NASDAQ Global Market23.92
USD
-0.06
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PhenixFIN Corporation 5.25% Notes due 2028
PFXNZ
(NASDAQ Global Market)
Recent
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23.92
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PhenixFIN Corporation is an internally managed non-diversified closed-end management investment company specializing in providing loans and private equity investments primarily to small and middle market privately held companies. The company’s investment portfolio includes senior secured first-lien term loans, senior secured second-lien term loans, senior secured bonds, preferred equity, and common equity, with many investments rated below investment grade or unrated. PhenixFIN operates primarily in the financial sector, focusing on asset-based lending and investing in various industries including business services, real estate, healthcare, and manufacturing. Founded with headquarters in New York City, PhenixFIN seeks to generate current income and capital appreciation through its investment activities. The company’s core products and services encompass debt and equity financing solutions including senior secured loans, subordinated loans, unitranche loans, and private equity positions. PhenixFIN also invests in publicly traded companies, business development companies, closed-end funds, and real estate investment trusts (REITs). Its investment approach targets diverse industries such as technology, healthcare, real estate, manufacturing, aerospace, and finance across the United States. Recent major changes include the acquisition of approximately 80% equity in The National Security Group, an Alabama-based insurance holding company, completed on October 1, 2024. PhenixFIN amended and expanded its credit facility to $100 million with a $50 million accordion feature, reducing borrowing costs to SOFR plus 2.50% and extending the maturity to April 2030. The company reported strong fiscal year 2024 and 2025 financial results, including growth in net asset value, total investment income exceeding $6 million per quarter, and several special dividend distributions to shareholders. The investment portfolio was valued at over $290 million in 2025, spanning more than 30 portfolio companies with a weighted average yield on debt investments exceeding 12%. PhenixFIN serves institutional investors, private equity firms, and high-growth companies, leveraging deep sector expertise and a client-centric approach to deliver tailored financial solutions. The company is led by CEO David Lorber and operates with a lean executive team to manage its strategic investment activities and portfolio management. PhenixFIN Corporation’s headquarters is located at 445 Park Avenue, New York, NY 10022, United States. The company is publicly traded on NASDAQ under the ticker symbols PFX and PFXNZ, representing its corporate equity and 5.25% notes due 2028, respectively. It continues to focus on expanding its asset management and lending business while optimizing its portfolio returns and capital structure.