PennantPark Floating Rate Capital subsidiary enters $150M credit facility; PFLT provides limited guaranty

PennantPark Floating Rate Capital Ltd.

PSSL II SPV LLC, a subsidiary of an unconsolidated JV, entered a $150M credit agreement with Goldman Sachs Bank USA as syndication agent.
PennantPark Floating Rate Capital (PFLT) provided a non-recourse carveout guaranty covering willful misconduct, fraud, misappropriation, and certain bankruptcy events up to $150M.
The guaranty is limited to specified 'bad boy' carveouts and does not cover standard credit risk.

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