8-K
filed February 27, 2026, 6:59 PM ET
ticker PFLT
CIK 0001504619
debt
confidence high
sentiment neutral
materiality 0.50
PennantPark Floating Rate Capital Ltd. (PFLT): debt financing — PennantPark closes $356.5M CLO refinancing and upsize, new notes issued
PennantPark Floating Rate Capital Ltd.
- Refinanced and upsized CLO VIII to $356.5M total debt securitization; new notes and loans issued.
- Issued $123M Class A-1-R Notes at SOFR+1.43%, $80M Class A-1-R Loans at SOFR+1.43%, and other tranches.
- Replacement debt matures April 2038; 100% funded at closing; non-recourse to the company.
- Company retains subordinated notes through consolidated subsidiary; waives base management fee as portfolio manager.
- Proceeds used to redeem prior CLO notes and pay fees; upsize provides additional capital.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PennantPark Floating Rate Capital Ltd. incurred senior notes of $19.25 million with Wilmington Trust, National Association at three-month SOFR plus 3.20% maturing April 2038.
- Instrument
- senior notes
- Principal
- $19.25 million
- Counterparty
- Wilmington Trust, National Association
- Rate
- three-month SOFR plus 3.20%
- Maturity
- April 2038
- Event
- incurrence
Exact text from the filing
(v) $19.25 million of D-R Notes, which bear interest at three-month SOFR plus 3.20%
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PennantPark Floating Rate Capital Ltd. incurred senior notes of $24.5 million with Wilmington Trust, National Association at three-month SOFR plus 2.15% maturing April 2038.
- Instrument
- senior notes
- Principal
- $24.5 million
- Counterparty
- Wilmington Trust, National Association
- Rate
- three-month SOFR plus 2.15%
- Maturity
- April 2038
- Event
- incurrence
Exact text from the filing
(iv) $24.5 million of C-R Notes, which bear interest at three-month SOFR plus 2.15%
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PennantPark Floating Rate Capital Ltd. incurred senior notes of $26.25 million with Wilmington Trust, National Association at three-month SOFR plus 1.75% maturing April 2038.
- Instrument
- senior notes
- Principal
- $26.25 million
- Counterparty
- Wilmington Trust, National Association
- Rate
- three-month SOFR plus 1.75%
- Maturity
- April 2038
- Event
- incurrence
Exact text from the filing
(iii) $26.25 million of Class B-R Notes, which bear interest at three-month SOFR plus 1.75%
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PennantPark Floating Rate Capital Ltd. incurred senior notes of $123 million with Wilmington Trust, National Association at three-month SOFR plus 1.43% maturing April 2038.
- Instrument
- senior notes
- Principal
- $123 million
- Counterparty
- Wilmington Trust, National Association
- Rate
- three-month SOFR plus 1.43%
- Maturity
- April 2038
- Event
- incurrence
Exact text from the filing
(i) $123 million of A-1-R Notes, which bear interest at the three-month secured overnight financing rate (“ SOFR ”) plus 1.43%
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PennantPark Floating Rate Capital Ltd. incurred senior notes of $14 million with Wilmington Trust, National Association at three-month SOFR plus 1.60% maturing April 2038.
- Instrument
- senior notes
- Principal
- $14 million
- Counterparty
- Wilmington Trust, National Association
- Rate
- three-month SOFR plus 1.60%
- Maturity
- April 2038
- Event
- incurrence
Exact text from the filing
(ii) $14 million of A-2-R Notes, which bear interest at three-month SOFR plus 1.60%
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.93
PennantPark Floating Rate Capital Ltd. amended CLO Reset Transaction with Wilmington Trust, National Association valued at Refinancing and upsize of $356.5 million debt securitization; issuance of Replacement Notes and Clas (effective 2026-02-24).
- Action
- amendment
- Counterparty
- Wilmington Trust, National Association
- Value
- Refinancing and upsize of $356.5 million debt securitization; issuance of Replacement Notes and Clas
- Effective
- 2026-02-24
Exact text from the filing
On February 24, 2026 (“ Closing Date ”), PennantPark CLO VIII, LLC (the “ Issuer ”), a wholly-owned and consolidated subsidiary of PennantPark Floating Rate Capital Ltd. (the “ Company ”), closed the refinancing and upsize of a four-year reinvestment period, twelve-year final maturity $ 356.5 million debt securitization in the form of a collateralized loan obligation (the “ CLO Reset Transaction ”).
View on SEC.gov
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