secwatch.observer — SEC 8-K summary
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Issuer:     PennantPark Floating Rate Capital Ltd. (PFLT)
CIK:        0001504619
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001193125-24-047922
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504619/000119312524047922/0001193125-24-047922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504619/000119312524047922/d620677d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-047922

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