secwatch.observer — SEC 8-K summary
======================================

Issuer:     PennantPark Floating Rate Capital Ltd. (PFLT)
CIK:        0001504619
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0000950170-25-025677
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennantPark Floating Rate Capital closes $474.6M CLO securitization
-------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504619/000095017025025677/0000950170-25-025677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504619/000095017025025677/pflt-20250220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-025677

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer