PFLT cuts credit facility spread to SOFR+200bps, extends maturity to 2030

PennantPark Floating Rate Capital Ltd.

Pricing lowered from SOFR+225bps to SOFR+200bps; reinvestment period extended to Aug 2028, maturity to Aug 2030.
Maximum first lien advance rate increased from 70% to 72.5%.
Total lender commitments reduced from $736M to $718M; one lender removed.
CEO Arthur Penn called the improved terms a 'terrific result' that will benefit shareholders.

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