PennantPark Floating Rate Capital closes $474.6M CLO securitization

PennantPark Floating Rate Capital Ltd.

Issued $220.5M AAA Class A-1 Notes at SOFR+1.49%, $85.1M subordinated notes.
Total debt includes $10M Class A-1L-A and $45M Class A-1L-B loans at SOFR+1.49%.
CLO matures April 20, 2037; backed by ~$423.6M par of middle-market loans.
Company retains Class D Notes and Subordinated Notes; collateral manager fees waived.
Issuer is subsidiary PennantPark CLO 11, LLC; proceeds to purchase additional loans through April 2029.

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