---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-047922"
form_type: "8-K"
ticker: "PFLT"
cik: "0001504619"
company_name: "PennantPark Floating Rate Capital Ltd."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:36:11.731547+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PennantPark Floating Rate Capital closes $350.55M CLO, repays part of credit facility

## Summary
- Completed $350.55M term debt securitization (CLO); proceeds used to repay portion of $386M secured credit facility.
- Issued $139.5M Class A-1 notes (SOFR+2.30%), $14M Class A-2 (SOFR+2.70%), $24.5M Class B (SOFR+2.90%).
- Issued $28M Class C notes (SOFR+3.90%), $21M Class D (SOFR+5.90%), and $63.55M subordinated notes.
- Also issued $60M Class A-1 floating rate loan (SOFR+2.30%); all debt matures April 18, 2036.
- Collateral manager PennantPark Investment Advisers waived its management fees for the CLO.

## SEC filing metadata
- accession: 0001193125-24-047922
- form_type: 8-K
- ticker: PFLT
- cik: 0001504619
- company_name: PennantPark Floating Rate Capital Ltd.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504619/000119312524047922/0001193125-24-047922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504619/000119312524047922/d620677d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-047922
- JSON: https://secwatch.observer/filing/0001193125-24-047922.json
- Plain text: https://secwatch.observer/filing/0001193125-24-047922.txt

## Key facts
- Debt Financings
  PennantPark Floating Rate Capital Ltd. incurred loan of $350.55 million maturing April 18, 2036.
  - Instrument: loan
  - Principal: $350.55 million
  - Maturity: April 18, 2036
  - Event: incurrence
  source text: On February 22, 2024 (the “Closing Date”), PennantPark Floating Rate Capital Ltd. (the “Company”) completed a $350.55 million term debt securitization transaction (the “CLO Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504619/000119312524047922/0001193125-24-047922-index.htm
- Material Agreements
  PennantPark Floating Rate Capital Ltd. entered into Credit Agreement with Wilmington Trust, National Association (effective 2024-02-22).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wilmington Trust, National Association
  - Effective: 2024-02-22
  source text: under a credit agreement (the “Credit Agreement”), dated as of the Closing Date, by and among the Issuer, as borrower, various financial institutions, as lenders, and Wilmington Trust, National Association, as collateral agent and as loan agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504619/000119312524047922/0001193125-24-047922-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.