PennantPark upsizes credit facility by $100M to $736M; pricing unchanged

PennantPark Floating Rate Capital Ltd.

Credit facility increased from $636M to $736M; led by Truist Bank.
Pricing remains SOFR plus 225 basis points; secured by subsidiary assets.
Management expects expanded capacity to serve middle-market borrowers.
Facility includes minimum asset coverage and equity covenants.

item 8.01 item 7.01 item 9.01

PennantPark Floating Rate Capital Ltd. filing history →

Source: SEC EDGAR

accession 0001171843-24-007075

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