PennantPark Floating Rate Capital Ltd Completes the Reset and Upsize of its $351.0 Million CLO I

"We are pleased to have completed this reset which enables us to optimize financing costs in the current market and enhance our return profile, reinforcing our commitment to deliver sustained value for our investors," said Arthur Penn, Chief Executive Officer of the Company. "Not only were we able to reduce our cost of capital but we also were able to increase the size of the CLO due to strong investor demand to better match the underlying growth in PFLT. PennantPark currently manages approximately $2.8 bil ...